|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 11 Billion||USD 20 Billion||5.7%||2022|
Virtual Schools Market
The global virtual schools market size was evaluated at $11 billion in 2022 and is slated to hit $20 billion by the end of 2030 with a CAGR of nearly 5.7% between 2023 and 2030.
The virtual school is also referred to as an e-school or an online school providing a full-time, successive program of synchronous as well as asynchronous instruction through the use of new technologies and the web. In the virtual school environment, students communicate with the teacher as well as other students. Online mode of education is mostly imparted by schools, colleges, and universities. Students preparing for competitive exams mostly opt for lectures via virtual schools. The course module is delivered via printed materials, DVD, E-mail, video conferencing, and web conferencing based on the educational program. Virtual mode of learning helps individuals earn transferable credits, take scheduled exams, and advance to the next level through the use of the web. Apart from this, virtual school provides a slew of benefits such as active student participation in virtual classes and learning at one’s own convenience and pace. In addition to this, virtual schools are cost-efficient, time-savvy, and highly focused on successful outcomes via online modes of education.
Increasing demand for virtual classroom-based education to drive the global market surge by 2030
A prominent expansion of communication systems has helped in developing e-learning applications in the education domain and this has encouraged people to opt for online education. This, in turn, will drive the growth of the virtual school market across the globe. Massive demand for virtual education with humungous student need for flexibility in education will steer the market trends globally. Launch of a 5G network facility offering seamless internet connectivity to end-users will drive the global market space. With a large chunk of the student population preferring online modes of learning along with the surging use of smartphones, the market for virtual schools is anticipated to gain traction in the years ahead. Reduction in web hosting costs, rise in web penetration, and rising demand for online educational content are anticipated to pave the way for the growth of the market globally. Launching of new online education tools will spearhead the expansion of the market globally in the years to come. For instance, in the last quarter of 2021, Florida Virtual School introduced FlexPoint Education cloud tool for providing online education to kindergarten students as well as 12th grade district schools outside Florida.
Rise in eye disorders and obesity due to huge time spent by students on screen can retard the global industry expansion
Students are spending more time on screen and this aspect can increase obesity as well as eye problems in students. This can prove to be a key factor that can obstruct the growth of the global virtual schools industry. Lack of practical application of subject can reduce the hiring of students taking degrees through online mode of education, thereby negatively impacting the scope of growth of the industry across the globe.
Onset of ML and AI technologies will spur global market expansion over the coming years
Easy availing of cost-effective digital technologies has opened new growth avenues for the global virtual schools market. Onset of AI and machine learning as well as AR and VR technologies is likely to provide impetus to the expansion of the market across the globe. Students can even acquire degrees from reputed institutes across the globe through online modes of education, thereby further shaping the growth of the market.
Growing health concerns among students due to constant engagement with laptops can pose a huge challenge to the growth of the global industry
Surge in the cases of health issues in students due to constant engagement with laptops, smartphones, and tablet screens can pose a huge challenge to the expansion of the industry globally. Apart from this, a sedentary & inactive lifestyle due to constant facing of laptop screens along with a lack of interaction in-person with teachers can adversely impact the creativity of students, thereby posing a huge challenge to the global industry demand.
The global virtual schools market is sectored into type, application, and region.
In type terms, the global virtual schools market is segregated into for-profit EMO and non-profit EMO segments. Furthermore, the for-profit EMO segment, which accrued nearly 57% of the global market earnings in 2022, is predicted to register the fastest CAGR in the forecasting period. The growth of the segment in the forecasting timespan can be due to education management firms being for-profit organizations. Moreover, for-profit EMOs arrange online education programs for corporates.
Based on the application, the global virtual schools industry is sectored into elementary schools, high schools, adult education, and middle schools segments. Moreover, the high schools segment, which garnered a huge share of the global industry in 2022, is set to dominate the global industry over the expected timespan. The segmental growth over the predicted timespan can be subject to an increase in the number of high schools offering online education to students globally. Moreover, most of the high-schools prefer the online mode of delivering lectures as it can save traveling time and traveling costs.
|Report Attributes||Report Details|
|Report Name||Virtual Schools Market|
|Market Size in 2022||USD 11 Billion|
|Market Forecast in 2030||USD 20 Billion|
|Growth Rate||CAGR of 5.7%|
|Number of Pages||216|
|Key Companies Covered||K12 Inc., Pansophic Learning, Mosaica Education, Beijing Changping School, Inspire Charter Schools, Abbotsford Virtual Schools, Basehor-Linwood Virtual School, Aurora College, Alaska Virtual Schools, Lincoln Learning Solutions, Florida Virtual School (FLVS), Virtual High School (VHS), Illinois Virtual School (IVS), Charter Schools USA, Acklam Grange, Wey Education Schools Trust, N High School, Connections Academy, and others.|
|Segments Covered||By Component, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is anticipated to maintain its global market dominance over the predicted timeline
North America, which contributed about 61% of the global virtual schools market revenue in 2022, will be a dominating region over the projected timeline. Furthermore, the regional market surge can be attributed to the surge in smartphone use and penetration of web in the countries such as the U.S. and Canada. Apart from this, a rise in internet speed and bandwidth with the launching of 5G network facility and an increase in the use of connected devices in the countries of North America will chart a profitable roadmap for the regional market.
European virtual schools industry is set to register the fastest CAGR in the next couple of years subject to the large-scale acceptance of new techniques such as learning management solutions, student assessment software, AR, enterprise resource planning, VR, and blended learning solutions in the education activities in the countries such as the UK, France, Germany, Estonia, Holland, Norway, Sweden, Finland, and Italy. A large number of corporate houses in the continent prefer training their employees through online mode offered by reputed virtual schools, thereby embellishing the regional industry trends.
The global virtual schools market profiles key players such as:
The virtual school is also referred to as an e-school or an online school providing a full-time, successive program of synchronous as well as asynchronous instruction through the use of new technologies and the web.
The global virtual schools market growth can be owing to the launch of 5G network facility offering seamless internet connectivity to end-users.
According to a study, the global virtual schools industry size was $11 billion in 2022 and is projected to reach $20 billion by the end of 2030.
The global virtual schools market is anticipated to record a CAGR of nearly 5.7% from 2023 to 2030.
The European virtual schools industry is set to register the highest CAGR over the forecasting timeline owing to the large-scale acceptance of new techniques such as learning management solutions, student assessment software, AR, enterprise resource planning, VR, and blended learning solutions in the education activities in the countries such as the UK, France, Germany, Estonia, Holland, Norway, Sweden, Finland, and Italy.
The global virtual schools market is led by players such as K12 Inc., Pansophic Learning, Mosaica Education, Beijing Changping School, Inspire Charter Schools, Abbotsford Virtual Schools, Basehor-Linwood Virtual School, Aurora College, Alaska Virtual Schools, Lincoln Learning Solutions, Florida Virtual School (FLVS), Virtual High School (VHS), Illinois Virtual School (IVS), Charter Schools USA, Acklam Grange, Wey Education Schools Trust, N High School, and Connections Academy.
The virtual schools market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.