About the Simulation Learning in Higher Education Market
Simulations imitate a real phenomenon and are used in the field of training and education to boost the development of skills like decision-making and critical thinking. In the past, simulations were restricted to fields like military, aviation, and medicine and involved methods like role play, mannequins, and interactive videos. With the advances in technology, there has been the emergence of computer-based simulations. Simulations have been adopted to a considerable extent by higher education institutions as they enable instructors to leverage innovative educational paradigms like experiential learning, collaborative learning, prompt feedback, and interactivity. Simulations are an essential part of virtual learning environments (VLEs) that help a learner to explore information through active involvement in the curriculum.
Technavio’s analysts forecast the global simulation learning in higher education market to grow at a CAGR of 18.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global simulation learning in higher education market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of computer-based simulations catering to the higher education segment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Simulation Learning in Higher Education Market 2016-2020
Technavio recognizes the following companies as the key players in the global simulation learning in higher education market: Forio, InfoPro Learning, McGraw-Hill Education, and Pearson Education.
Other Prominent Vendors in the market are: CapSim Management Simulation, Edufice, Experiential Simulations, Indusgeeks Solutions, Innovative Learning Solutions, Realityworks, Simmersion Immersive Simulations, Simtics, Toolwire, and VChain Solutions.
Commenting on the report, an analyst from Technavio’s team said: “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 institutions and 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.
Forio, InfoPro Learning, McGraw-Hill Education, Pearson Education, CapSim Management Simulation, Edufice, Experiential Simulations, Indusgeeks Solutions, Innovative Learning Solutions, Realityworks, Simmersion Immersive Simulations, Simtics, Toolwire, VChain Solutions.
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