Virtual Training and Simulation Market Size, Share, Trends, Growth 2034

Virtual training is a learning experience that is improved with the help of the internet and computer both within the educational premises and outside. Most of the time, the training is done online. These activities are undertaken on an online platform with advanced features to handle the audience crowd. Virtual training is quite effective as it considers a wide range of learning methods offered by different learners. Simulation learning is gaining traction among users these days as the e-learning tools, technology, and advanced understanding of how people can learn virtually are improved.

The global virtual training and simulation market is expected to grow due to demand for cost-effective and risk-free training environments, technological advancements in VR/AR, and increasing use in defense, healthcare, and aviation.

According to a study, the global virtual training and simulation market size was worth around USD 380.11 Billion in 2024 and is expected to reach USD 1419.09 Billion by 2034.

The global virtual training and simulation market is expected to grow at a CAGR of 14.08% during the forecast period.

North America is expected to dominate the virtual training and simulation market over the forecast period.

Leading players in the global virtual training and simulation market include The Disti Corporation, Saab AB, ExtraHoop, Microsoft, Broadcom, WNS Limited, Hitachi, Splunk Inc., StackState, SAP, BMC Software Inc., CA Technology Inc., Evolven Software Inc., IBM, Oracle Corp., Vmware Inc., Qinetiq Group Plc., On24 Inc., Laerdal Medical Corporation, L-3 Link Simulation Training, Kratos Defense Security Solutions Inc., Cubic Corporation, CAE Inc., Bae System Plc., and Ansys Inc., among others.