Global Cloud-Based Virtual Learning Platform Market to Expand at 25.23% CAGR 2016-2020 due to Innovations in Cloud Computing


Published Date : Jun 14, 2016

ALBANY, NY, June 14, 2016 - MarketResearchReports.biz has announced the addition of a new report, titled ‘Global Cloud-Based Virtual Learning Platform Market 2016-2020,’ to its online repository. As per the report, the global cloud-based virtual learning platform market is expected to expand at a 25.23% CAGR during the period between 2016 and 2020. The constant innovations in cloud-computing are expected to propel the global market in the long run. 

The advent of virtual learning has changed the entire education system. A virtual learning environment allows students or participants to receive required information from anywhere. Considering all of these advantages, many educational institutions have started adopting virtual learning environment platforms. The use of cloud-based virtual learning environments is a rising trend across the globe. Education institutions use cloud-based virtual learning platforms to offer tutoring services to their students by using an online portal. A cloud-based virtual learning platform is an ideal alternative to traditional tutoring methods such as classroom-based and personal teaching classes.

Currently, cloud-based virtual learning platforms are used for higher education. The rising application of cloud-based virtual learning platforms is expected to propel the global market in the years to come. The global cloud-based virtual learning platform market is geographically divided into the Americas, Europe, the Middle East and Africa, and Asia Pacific. The market is spread across many countries with leading players offering cloud-based virtual learning platforms to various end-users. Prominent players such as Blackboard, WizIQ, Skytap, Calten Softlabs, Moodle, BizLibrary, Degreed, and BIS Training are currently the most active market participants. Leading players are taking efforts to introduce innovative cloud computing ideas to maintain their dominance. 

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Data security issues and online data theft have always been two of the most challenging factors for leading players operating in the global cloud-based virtual learning platform market. The entry of new companies is creating a competitive threat for leading players. However, many prominent players are planning to sign merger agreements with the new entrants. With this, leading players are likely to maintain their dominance, whereas the new entrants will get a chance to introduce new virtual learning platforms in the global market. Cloud-based virtual learning platforms offer user-friendly web conferencing solutions, making them an ideal alternative to traditional learning.

The introduction of virtual schools, improvements in the data security, and the increasing prominence of MOOCs are some of the factors predicted to propel the global cloud-based virtual learning platform market in the near future. Even though the global market is expected to be affected by data security issues and integrity concerns, it will welcome growth opportunities due to performance improvement reported by users and reduction in operational cost. Furthermore, a poor digital literacy rate, issues in web accessibility, and low internet speed are some of the factors expected to hamper the growth of the global cloud-based virtual learning platform market.

The increasing use of user-friendly web conference applications, the surge in the development of virtual education platforms, and the rising demand for digital education content are predicted to benefit the global cloud-based virtual learning platforms market.    

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