Report Overview

The global virtual schools market size is projected to grow from USD 2.734 billion in 2021 to USD 6.32 billion by 2028, at a CAGR of 11.16%. A virtual school is an online platform which enables access to world-class education in order to augment learning outcomes. Different components, including virtual tutoring, language apps, online learning software, and video conferencing tools, have seen a significant surge in usage since COVID-19. In light of this, the virtual schools market is set to grow at a significant rate over the forecast period.

Source: Secondary Research, Primary Research, Company Annual Reports and Glob Market Reports Research Analysis.

The “Virtual Schools Market Analysis to 2028” is a specialized and in-depth study of the industry with a special focus on the global market trend analysis. The report aims to provide an overview of virtual schools market with detailed market segmentation by type and end use. The virtual schools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in virtual schools market and offers key trends and opportunities in the market.

Source: Secondary Research, Primary Research, Company Annual Reports and Market Reports Research Analysis.

COVID-19 Impact on the Virtual Schools Market:

The COVID-19 pandemic outbreak was announced as a pandemic by the World Health Organization and as a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the market in 2020.

COVID-19 has impacted a variety of trades and businesses throughout the world. Educational institutions are under stress related to the operational issues and functioning processes owing to the lockdown processes. COVID-19 infections have killed thousands of people and are on a steady rise. In addition to that, infrastructure building and resource and capital surging is anticipated to stymie overall virtual schools throughout the forecast period.

However, some companies are continuously involved in opening more institutions related to virtual schools. Several factors and processes are being added to overcome and take best advantage of the pandemic outbreak. These factors are anticipated to influence the market for virtual schools market.

Market Dynamics:

Driver 1: Increasing Awareness About Virtual Schooling Programs

The past ten years saw less awareness and preferability in the field of virtual schooling. However, the biggest barrier of awareness turned into a positive point, post-COVID. The inclination towards online teaching pushed the organizations to adopt the virtual schooling policy at a tremendous rate. Organizations and end users (parents, students) are moving towards smart learning techniques and are keen on online education programs.

Pearson Online runs 45 US government-funded and three international fee-paying virtual schools, constituting the online version of Harrow School which is one of the UK’s well-known boarding schools. Post 2020, the enrolment in this organization increased 43 per cent. Almost 15 schools had to double or triple their intake due to the soaring demand from customers. Thus, such measures fuel the market growth for virtual schools.

Driver2: The Rise in Expansions of Virtual Schools

Owing to the pandemic outbreak, virtual schooling and smart education have taken a front seat and provided ease of access to all its stakeholders. Developed as well as developing countries have taken up virtual schooling, and are now considering setting up full time or partial virtual programs for students. For instance, Stride Virtual School, which is powered by the market giant K12 Inc., has expansion plans of launching its programs in more states and partnering with school districts to provide part-time and full virtual choices for students. The organization intends to enrol at least 100,000 pupils over the next five years.

Restraint: Legal Feuds Faced by Top Players

Virtual schools are treated as trustworthy educations programs that inculcate virtues, values, and desired education in students. However, in the recent times, many organizations are facing disputes, disagreements, and legal issues due to improper management of the virtual school programs. For instance, in September 2020, an affiliated charter school of Inspire Charter Schools announced that it is suing its parent corporation, alleging it stole millions of state education dollars from the school’s accounts.

Opportunity: Rising Collaborations and Technological Advancements

Players operating in the market are keen on adoption of virtual schools to help the society as well as to increase their market share. The collaboration of the Los Angeles Unified School District and PBS SoCal/KCET directs towards offering local educational broadcasts, with distinct channels focused on different ages, and a wide array of digital options.

Moreover, media organizations such as the BBC are also driving virtual learning. For instance, Bitesize Daily, launched on 20 April 2020, provides 14 weeks of curriculum-based learning for kids across the UK. The setting also constitutes celebrities, such as Manchester City footballer Sergio Aguero teaching parts of the content.

Challenge: Lack of Infrastructure

The installation for the online learning constitutes several components. It includes the cost of planning, equipment needed, programming, and installation of electronic gadgets. Even though schools are keen on embracing e-learning and online teaching, the lack of funds and inadequate infrastructure acts as a challenge. Such a factor is set to hamper the growth of the virtual schools market in the near future.

Segment Analysis:

Based on the type, the virtual schools is primarily split into private education management organizations (EMOs) and non-profit EMOs. The figures below visually and clearly detail the market share of virtual schools, in percent (%) of each type in 2021. Private EMOs segment is anticipated to grow at a CAGR of 10.16% (2022-2028) is based on the value of virtual schools for each type and the overall market.

Source: Secondary Research, Primary Research, Company Annual Reports and Market Reports Research Analysis.

Based on the virtual schools end use segment, the virtual schools market is segmented into elementary schools, middle schools, high schools, higher/adult education. The table below visually and clearly details the approximate value Size of virtual schools end use, in value (US$ Million), market share and growth trend of each application in 2021 and 2028.

Source: Secondary Research, Primary Research, Company Annual Reports and Market Reports Research Analysis.

Geographical Analysis:

Based on geography, the market is segmented into North America, Europe, Asia Pacific, South and Central America and Middle East and Africa.

North America is expected to dominate in the virtual schools market in 2021.The North America virtual schools market size is expected to expand at a compound annual growth rate (CAGR) of 8.11% from 2022 to 2028. In addition, Europe is the second-largest region in the global virtual schools market during the forecast period from the forecast period 2022 to 2028. However, Asia Pacific virtual schools market is expected to highest CAGR of 14.61% from forecast period 2022 to 2028. In addition to that, the Middle East and African market for virtual schools is subject to a steady growth over the forecast period.

Source: Secondary Research, Primary Research, Company Annual Reports and Market Reports Research Analysis

Competitive Landscape:

The market is highly fragmented with the presence of various players operating in the market. Some of the major players include Abbotsford Virtual School, Acklam Grange, Alaska Virtual School, Aurora College, Basehor-Linwood Virtual School, Beijing Changping School, Charter Schools USA, Connections Academy, Florida Virtual School (FLVS), Illinois Virtual School (IVS), Inspire Charter Schools, K12 Inc, Lincoln Learning Solutions, Mosaica Education, N High School, Pansophic Learning, Virtual High School (VHS), and Wey Education Schools Trust, among others.

in March 2020, Alibaba’s distance learning solution, DingTalk, introduced several new features in order to support large-scale remote work. The platform tapped Alibaba Cloud to deploy over 100,000 new cloud servers in just two hours. This step set a new record for rapid capacity expansion in the area of online learning. Such strategies employed by the major players are the prominent drivers of growth for the virtual schools market.

Segments Covered in the Report

This report forecasts revenue growth at regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018-2028. For the purpose of this study, company has segmented the global virtual schools market based on Type, End Use, and region:

• Type Outlook (Revenue, USD Million, 2018 – 2028)
  • Private EMOs
  • Non-Profit EMOs
• End Use Outlook (Revenue, USD Million, 2018 – 2028)
  • Elementary Schools
  • Middle Schools
  • High Schools
  • Higher/Adult Education
• Regional Outlook (Revenue, USD Million, 2018 – 2028)
  • North America
    • S.
    • Canada
    • Rest of North America
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • MENA
    • Egypt
    • Algeria
    • GCC
    • Rest of MENA
  • Asia Pacific
    • India
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Sub-Saharan Africa
    • Ethiopia
    • Nigeria
    • Rest of Sub-Saharan Africa
  • Australasia
    • Australia
    • New Zealand
    • Rest of Australasia

Recent Developments:

• Lark, a Singapore-based collaboration suite initially developed by ByteDance, started offering teachers and students auto-translation capabilities, unlimited video conferencing time, real-time editing of projects, smart calendar scheduling, and many more features

• In 2020, the Chinese government instructed a quarter of a billion full-time students to recommence their studies with the help of online platforms. Such a move resulted in the one of the largest online movement with around 7,30,000, or 81% of K-12 students, attending classes through the Tencent K-12 Online School in Wuhan
• Bitesize Daily, launched on 20 April 2020, provides 14 weeks of curriculum-based learning for kids across the UK.

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2. Research Method.

3.3D Printing Ceramics Market Segmentation.

4. Driver Restraint Challenge and Opportunities of 3D Printing Ceramics  Market.

4 . Growth Trends

• SWOT Analysis.
• PESTEL Analysis.
• PORTER’s Five Forces Analysis.

5. Executive Summary.

6. Key Findings.

7. Future Outlook .

8. Regional Analysis

• Global Xxx Market.
• North America Xxx Market.
• Europe Xxx Market.
• Middle East & Africa Xxx Market. 
• Latin America Xxx Market.
• Asia Pacific Xxx Market.

7. Competitive Analysis & Landscape.

8. Company Profiles.

8. Conclusion.

9. Appendix.

10. Research Scope.

1.3D Printing Ceramics Market Overview.

2. Research Method.

3.3D Printing Ceramics Market Segmentation.

4. Driver Restraint Challenge and Opportunities of 3D Printing Ceramics  Market.

4 . Growth Trends

• SWOT Analysis.
• PESTEL Analysis.
• PORTER’s Five Forces Analysis.

5. Executive Summary.

6. Key Findings.

7. Future Outlook .

8. Regional Analysis

• Global Xxx Market.
• North America Xxx Market.
• Europe Xxx Market.
• Middle East & Africa Xxx Market. 
• Latin America Xxx Market.
• Asia Pacific Xxx Market.

7. Competitive Analysis & Landscape.

8. Company Profiles.

8. Conclusion.

9. Appendix.

10. Research Scope.