Virtual schools market in North America 2021-2025; A descriptive analysis of the five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- According to Technavio, the virtual schools market size in North America is estimated to grow by USD 294.17 million from 2020 to 2025. However, the growth momentum will decelerate at a CAGR of 4.78% during the forecast period. US held the largest share of the market in 2022, and the market in the region is estimated to witness an incremental growth of 65%. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. – buy the report! 

Virtual schools market in North America - Five Forces
The cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details –Request a sample report

Virtual schools market in North America – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Virtual schools market in North America - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on ownership (private and NPI) and geography (the US and Canada). 

• The market growth will be significant in the private segment during the forecast period. The segment is driven by the high enrollment rate in private education management organizations.

Geography Overview
By geography, the virtual schools market in North America is segmented into US and Canada. The report provides actionable insights and estimates the contribution of all regions to the growth of the virtual schools market in North America.

• The US will account for 65% of the market growth during the forecast period. Educational institutions in the US are increasingly adopting e-learning. This is creating the need for the development of online courses and web-based learning platforms, which is driving the growth of the regional market.

Download a Sample Report

Virtual schools market in North America – Market Dynamics

Key factor driving market growth

• The market is driven by the need for a cost-effective teaching model.
• Virtual schools serve as a cost-effective option for both students and educational institutions.
• The adoption of cloud-based LMS reduces the cost of creating, managing, storing, and delivering content to learners.
• Learning management systems reduce the dependency on large publishers and help the faculty in creating and managing diversified and interactive content for students.
• The high inclination toward online learning has led to an increase in the introduction of affordable online courses by vendors.

Leading trends influencing the market 

• The emergence of learning via mobile devices is identified as the key trend in the market.
• The expansion of the tech-savvy student population has made mobile devices mainstream in the education industry.
• Hence, hence many vendors are emphasizing the development of online learning content that can be accessed through mobile devices.
• Also, the increasing adoption of mobile devices among students and educational institutions is encouraging market players to provide personalized and flexible learning options.

Major challenges hindering market growth

• Increase in open-source learning content is a key challenge in the market.
• The vendors in the market are facing a significant threat from open-source solutions such as MOOCs, that are becoming popular.
• Many MOOC vendors provide free courses to K-12 students in various subjects, including math, biology, and physics.
• These courses can be accessed by mobile devices such as smartphones, tablets, or laptops.
• Thus, for certain online courses, users prefer to enroll in the relevant open-source course and access freely downloadable online publications.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this virtual schools market In North America report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Virtual Schools Market between 2021 and 2025
• Precise estimation of the size of the Virtual Schools Market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Virtual Schools Market industry across the US and Canada
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of virtual schools market vendors

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

• The academic e-learning market is estimated to grow at a CAGR of 17.5% between 2022 and 2027. The size of the market is forecast to increase by USD 147.89 billion. The launch of new online degrees is notably driving the market growth, although factors such as high development costs associated with e-learning courses may impede the market growth.
• The mixed reality in education sector market is estimated to grow at a CAGR of 72.49% between 2022 and 2027. The size of the market is forecast to increase by USD 250,820.83 thousand. The increase in the number of MR classrooms is notably driving the market growth, although factors such as an increase in the number of substitutes may impede the market growth.

Table of contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Ownership

• Market segments
• Comparison by Ownership
• Private - Market size and forecast 2020-2025
• NPI - Market size and forecast 2020-2025
• Market opportunity by Ownership

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• US - Market size and forecast 2020-2025
• Canada - Market size and forecast 2020-2025
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Abbotsford Virtual School
• Basehor Linwood Virtual School
• Charter Schools USA
• The Florida Virtual School
• iEnergizer
• Lincoln Learning Solutions
• Mosaica Education Inc.
• Pansophic Learning
• Pearson Plc
• Stride Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio