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 Technavios 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.
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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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the...