PUBLISHER: The Business Research Company | PRODUCT CODE: 1657078
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657078
Virtual reality (VR) is a simulated environment generated by software, designed to be perceived by users as a real-world setting. It is utilized to boost student engagement, offer practical training, and help explain complex concepts in subjects such as science, history, and engineering.
The fundamental elements integral to incorporating virtual reality into education encompass hardware, software, and solutions. Within the hardware realm of VR in education, there are devices dedicated to presenting virtual reality content, including head-mounted displays, VR headsets, and projectors. The deployment of virtual reality in education extends across various domains, such as residential, academic, and training institutions, and can be implemented through cloud-based systems or on-premises solutions.
The virtual reality in education market research report is one of a series of new reports from The Business Research Company that provides virtual reality in education market statistics, including virtual reality in education industry global market size, regional shares, competitors with virtual reality in education market share, detailed virtual reality in education market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality in the education industry. This virtual reality in education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The virtual reality in education market size has grown exponentially in recent years. It will grow from $16.13 billion in 2024 to $22.26 billion in 2025 at a compound annual growth rate (CAGR) of 38.0%. The growth in the historic period can be attributed to increasing adoption of online education, growing demand for interactive and personalized learning experiences, rising adoption of virtual learning environments, growing adoption of VR to replace physical learning materials, increased accessibility and mobility of education.
The virtual reality in education market size is expected to see exponential growth in the next few years. It will grow to $86.96 billion in 2029 at a compound annual growth rate (CAGR) of 40.6%. The growth in the forecast period can be attributed to increasing internet penetration rates, rising demand for immersive learning experiences, growing adoption of VR in k-12, higher education, and vocational training, continuous investments in research and development, growing investment in VR educational content development. Major trends in the forecast period include collaborative VR environments for group learning, use of VR for skill-based training and simulation, integration of gamification elements in VR education, development of VR educational analytics for performance tracking, integration of augmented reality (AR) with virtual reality in education.
The rising internet penetration is expected to drive the growth of virtual reality in the education market during the forecast period. The internet has become an essential part of people's lives, with much of the population engaged in digital technology. It serves as an effective platform for delivering virtual courses due to its consistent interface, lower connectivity costs, and broad accessibility. For example, in 2023, the Government of Canada projected that high-speed internet access will reach 98% of the population by 2026, and 100% by 2030, achieving full nationwide internet coverage. Additionally, the International Telecommunication Union (ITU), a Switzerland-based agency for information and communication technologies, reported that global internet usage reached 5.1 billion people in 2022, representing 65% of the population. By 2023, this number grew to 5.4 billion, reflecting 67% internet penetration globally. As a result, the increasing internet penetration is fueling the growth of virtual reality in the education market.
The growing investment in virtual reality is expected to drive the expansion of virtual reality in the education market going forward. Virtual reality (VR) enables users to experience and interact with computer-generated, three-dimensional environments that can either resemble or differ entirely from the real world. Increased investments in VR are transforming education by offering immersive and interactive learning experiences that boost student comprehension and engagement. For example, in January 2022, data from UKTN, a UK-based independent publication, revealed that total investments in the UK's VR sector reached £154 million ($201.10 million), a significant rise from the £90 million ($117.52 million) recorded in 2021. As a result, rising investment in virtual reality is fueling its growth in the education market.
The development of Augmented Reality (AR) applications, powered by the emerging 5G technology, is shaping the virtual reality landscape in the education market. With its high-speed network capabilities, 5G offers hands-on experiences and facilitates easier access to apps, overcoming the limitations that 4G technology faces in supporting Virtual or Augmented Reality in educational applications. These robotic applications assist children in addressing learning challenges, enabling them to receive education from home while accessing cloud-based content more efficiently. For example, in June 2023, National University, a private institution in the US, announced the launch of a virtual reality campus. This new virtual campus, using both virtual and augmented reality, aims to enhance teaching, learning, and student engagement, and will be available for select programs this year. It will enable online learners to explore the campus, attend classes, interact with peers and instructors, and participate in activities as if they were in a physical environment.
Prominent companies in the virtual reality education sector are introducing innovative systems to meet the demand for inclusive training, particularly in healthcare. VRSim, a US-based provider of virtual reality training solutions, unveiled VRNA in April 2022, a state-of-the-art virtual reality training system designed to prepare users for Certified Nursing Assistant (CNA) clinical training and exams. VRNA offers a portable and engaging virtual environment for practicing patient care skills, enhancing instructional efficiency, and providing students with a risk-free learning experience. This technological advancement aims to support CNA programs, catering to diverse learning styles and offering more inclusive educational opportunities for entry-level healthcare careers.
In February 2024, the National Board of Medical Examiners (NBME), a US-based non-profit organization responsible for developing and administering assessments for medical students, acquired MedVR Education for an undisclosed amount. This acquisition aims to strengthen NBME's ability to create innovative tools and assessments for medical education. By merging NBME's expertise in psychometrics and test development with MedVR's simulation-based learning technology, the acquisition offers the potential for next-generation tools that will support learners throughout their medical education journey. MedVR Education, a US-based company, is focused on using virtual reality to transform medical training and enhance student engagement.
Major companies operating in the virtual reality in education market include Google LLC, Microsoft Corporation, Facebook Technologies LLC, International Business Machines Corporation, HTC Corporation, Unimersiv, SamsungSamsung Electronics Co Ltd, Lenovo Limited, Sony Corporation, Alchemy Immersive, Avantis Systems Ltd., Veative Labs Pvt. Ltd., VR Education Holdings plc, Cyberith Gmbh, Sixense Enterprises Inc., Vuzix Corporation, Schell Games LLC, Panasonic Holdings Corporation, Cornerstone OnDemand Inc., Blippar Limited, EON. Reality Inc., Treeview Co. Ltd., YORD Ltd., Immersive VR Education Limited, ThingLink Incorporated, Nearpod Inc., Oust Labs Pvt. Ltd., Filament Games LLC, Foundry 10, eXp World Technologies LLC
North America was the largest region in the virtual reality in education market in 2024. The regions covered in the virtual reality in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the virtual reality in education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The virtual reality in the education market includes revenues earned by entities offering hardware and software in the education industry that have the potential to transform the theoretical aspects in books to reality using virtual reality features. Virtual reality is a computed-enabled simulation that is presented using projectors and computer programming. Virtual reality in education is being applied in all levels of education today including K-12, higher education, and vocational training. TValues in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Virtual Reality In Education Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on virtual reality in education market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for virtual reality in education ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The virtual reality in education market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.