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Global Simulation Learning In Higher Education Market Growth of 18.5% CAGR by 2020 - Key Vendors are Forio, InfoPro Learning & Pearson Education - Research and Markets

[May 24, 2016]

Global Simulation Learning In Higher Education Market Growth of 18.5% CAGR by 2020 - Key Vendors are Forio, InfoPro Learning & Pearson Education - Research and Markets

Research and Markets has announced the addition of the "Global Simulation Learning In Higher Education Market 2016-2020" report to their offering.

The report forecasts the global simulation learning in higher education market to grow at a CAGR of 18.5% during the period 2016-2020.

A noteworthy trend which could have a big impact on the market is the increasing demand for virtual lab simulations. As STEM-related careers have started attracting more students, higher education institutions are unable to provide all the students adequate laboratory access due to the limited nature of laboratory infrastructure and equipment. Lack of government funding is also a major constraint for educational institutions when it comes to equipping laboratories with the latest instruments. Therefore, the demand for virtual laboratories from institutionsand individual learners is witnessing substantial growth due to the cost-saving potential of online learning.

According to the report, a key growth driver for this market is the inclusion of simulations in new learning methodologies. Its use in online and blended learning will help students learn better by mimicking real life situations very closely.

Further, the report states that one challenge that could hamper market growth is the constraints related to schedules and batch sizes.

Key vendors: