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Virtual And Remote Laboratories Market in the US 2016-2020

About the Virtual and Remote Laboratories Market

Virtual laboratories are set up on an online platform and are used to create simulation of a science process or explanation of a subject. Advanced computer languages, such as MatLab and LabView, are used to develop these laboratories. They offer anywhere, anytime access to experiments and are designed for a specific subject or a course. Through this online platform, students get the opportunity to compare reality with simulations and perform experiments under different circumstances. Although they generally do not involve remotely controlled instruments, the experiment data and process are collected from real-world experiments.

Technavio’s analysts forecast the Virtual and Remote Laboratories Market in the US to grow at a CAGR of 36.65% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Virtual and Remote Laboratories Market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of virtual and remote laboratories to institutions and individual learners from K-12 and higher education segments. Technavio's report, Virtual and Remote Laboratories Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Labicom
  • Labster
  • Mcmillan Learning
  • McGraw-Hill Education
Other prominent vendors
  • Cengage Learning
  • John Wiley & Sons
  • Houghton Mifflin Harcourt
  • LabsLand
  • Pearson Education
  • Smart Science Education
Market driver
  • STEM education initiatives in the US
  • For a full, detailed list, view our report
Market challenge
  • Lack of interest in STEM education in the US
  • For a full, detailed list, view our report
Market trend
  • Virtual reality in virtual and remote laboratories
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Virtual and Remote Laboratories Market in the US 2016-2020

Technavio recognizes the following companies as the key players in the Virtual and Remote Laboratories Market in the US: Labicom, Labster, Mcmillan Learning, and McGraw-Hill Education.

Other Prominent Vendors in the market are: Cengage Learning, John Wiley & Sons, Houghton Mifflin Harcourt, LabsLand, Pearson Education, and Smart Science Education.

Commenting on the report, an analyst from Technavio’s team said: “A trend to watch for in this market is the use of virtual reality in virtual and remote laboratories. Technology giants have started venturing into the market, seeing tremendous potential of virtual reality in the education sector. For instance, Facebook acquired Oculus VR for $2 billion in 2014. Virtual reality as a trend will greatly impact STEM education as institutions are constantly including more innovative methods of delivering STEM courses to retain students and evoke interest in the field.”

According to the report, a key growth driver in this market is the rise in STEM education initiatives in the US. Countries like China and Singapore have made major investments in improving STEM education. They have the highest rates of science and math literacy among OECD countries. The US government and corporates have realized that they are losing their competitive edge in the field of science and technology, eventually hindering the economic progress and innovative capacity. With the emergence of more such initiatives, instructors in educational institutions will get further impetus to improve and enhance their lessons. This will lead to the surge of emerging markets such as virtual and remote laboratories market in the US.

Further, the report states that a major challenge that could hamper market growth in the US is a lack of interest in STEM education. "

Companies Mentioned

Labicom, Labster, Mcmillan Learning, McGraw-Hill Education, Cengage Learning, John Wiley & Sons, Houghton Mifflin Harcourt, LabsLand, Pearson Education, Smart Science Education.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Distribution of education market in US 2015 (%)
      • Table Major segments of education market in US 2014 ($ billions)
      • Table Information and communication technology trends in education market in US
      • Table Typical components of remote laboratory infrastructure
      • Table Comparison of physical, virtual, and remote laboratories
      • Table Skills enhanced by virtual and remote laboratories in STEM education
    • Virtual and remote laboratories market in US
      • Table Virtual and remote laboratories market in US ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Virtual and remote laboratories market in US by product
      • Table Virtual and remote laboratories market in US by product 2015-2020 ($ millions)
      • Table Virtual and remote laboratories market in US by product 2015 (%)
      • Table Virtual and remote laboratories market in US by product 2020 (%)
      • Table Virtual and remote laboratories market in US by product 2015-2020 (%)
    • Remote laboratories market in US
      • Table Remote laboratories market in US 2015-2020 ($ millions)
    • Virtual laboratories market in US
      • Table Virtual laboratories market in US 2015-2020 ($ millions)
  • Market segmentation by end-users
    • Virtual and remote laboratories market in US by end-users
      • Table Virtual and remote laboratories market in US by end-users
      • Table Virtual and remote laboratories market in US by end-users 2015-2020 ($ millions)
      • Table Virtual and remote laboratories market in US by end-users 2015 (%)
      • Table Virtual and remote laboratories market in US by end-users 2020 (%)
      • Table Virtual and remote laboratories market in US by end-users 2015-2020 (%)
    • Virtual and remote laboratories market in US in institutions
      • Table Virtual and remote laboratories market in institutions segment 2015-2020 ($millions)
    • Virtual and remote laboratories market in US by individual learners
      • Table Virtual and remote laboratories market in individual learners segment 2015-2020 ($millions)
  • Market drivers
    • STEM education initiatives in US
      • Table US government initiatives to advance STEM education 2015
    • Stronger e-learning framework
      • Table E-learning market in US 2015-2020 ($ billions)
    • Budget constraints in educational institutions
    • Growth of experiential and inquiry-based learning
    • Inclusion of virtual labs in new learning methodologies
      • Table Global blended learning market 2015-2020 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Lack of interest in STEM education in US
      • Table CAGR in major STEM jobs between 2010 and 2020 (%)
      • Table Costs of dropping out
    • Threat from free simulations and university projects
    • Availability of open source lab equipment and 3-D printers
      • Table Global 3-D printing market 2015-2020 ($ billions)
    • Implementation issues
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in investment and start-ups
    • Integration of LMS with virtual and remote laboratories
    • Virtual reality in virtual and remote laboratories
      • Table Global virtual reality market 2015-2020 ($ billions)
    • Augmented reality in virtual and remote laboratories
      • Table Global augmented reality market 2015-2020 ($ billions)
    • Integration of 3-D games with virtual laboratories
  • Vendor landscape
    • Competitive scenario
    • Competitive benchmarking
      • Table Vendor matrix
      • Table Key vendors: Strategic initiatives overview
  • Key vendor analysis
    • Labicom
      • Table Labicom: Key offerings
    • Labster
      • Table Labster: Business offerings
    • Macmillan Learning
      • Table Macmillan Learning: Product offerings in virtual and remote laboratories
    • McGraw-Hill Education
      • Table McGraw-Hill Education: Business segmentation
  • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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