Virtual Reality in Education Market Analysis of Key Players and Forecasts to 2032
The latest report by IMARC Group, titled “ Virtual Reality in Education Market Report by Component (Hardware, Solution, Software), Deployment Mode (Cloud-based, On-premises), Application (Academic Institutions, Corporates), and Region 2024-2032 “, The global virtual reality in education market size reached US$ 4.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2032, exhibiting a growth rate (CAGR) of 26.46% during 2024-2032. Factors Affecting the Growth of the Virtual Reality In Education Industry: Cost Effectiveness and Scalability: Despite the initial investment in VR hardware and content development, VR technology offers cost-effectiveness and scalability in the long run for educational institutions. Once developed, VR content can be used by an unlimited number of students across different locations, significantly reducing the costs associated with physical materials, textbooks, and laboratory eq...