What is Virtual Training Market?
Virtual training refers to coaching done in a simulated or virtual environment, or when the instructor and the learner are in separate locations. It’s a training technique in which virtual environment is used by an instructor to show, explain or test certain skills that can facilitate others to learn something. Virtual training can be done synchronously or asynchronously. Virtual training environments and virtual training are designed to simulate the traditional classroom or learning experience. Virtual training is used not just for educational purposes but for commercial as well as industrial training also. It’s extensively utilized in varied end-user industries like aviation, defense, e-learning, entertainment, among others.
The market study is being classified and major geographies with country level break-up.
CAE Inc. (Canada), L-3 Link Simulation & Training (United Kingdom), Cubic Corporation (United States), ON24, Inc. (United States), QinetiQ Group plc (United Kingdom), BAE Systems plc (United Kingdom), Laerdal Medical Corporation (United States), Kratos Defense & Security Solutions, Inc. (United States), The DiSTI Corporation (United States), ANSYS, Inc. (United States) and Microsoft Corporation (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are The Boeing Company (United States), Geomagic, Inc. (United States), Saab Australia Pty Ltd. (Australia), Heartwood, Inc. (United States) and Tata Consultancy Services (India).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Virtual Training market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Virtual Training market by Type, Application and Region.
On the basis of geography, the market of Virtual Training has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Awareness about Virtual Training
- Cost-Effective Benefits of Virtual Training
- Increase in Defense, Healthcare, and Education Expenditure
- Resistance to Adopt the Virtual Training and Simulation Technology
- Lack of Investments in R&D
- Advancements in Technology
- Scope for Improvements in Other Industries (Mining, Transportation, and Energy)
Market Leaders and some development strategies
On 26 November 2018, The DiSTI Corporation, the world’s leading provider of 3D virtual training solutions as well as developer of VE Studio, has announced that it has signed an agreement with Technical Training Professionals (TTP), to develop interactive 3D and Virtual Reality training courses for the utility industry.
On 16 July 2018, CAE has launched CAE 700MR Series flight training device for military helicopter training. Simulation architecture intended for distributed mission operations and integrated live-virtual-constructive (iLVC) training to facilitate networking as well as interoperability.
Key Target AudienceMilitary Virtual Training Manufacturers, Military Virtual Training Distributors/Traders/Wholesalers, Military Virtual Training Subcomponent Manufacturers, Industry Association and Downstream Vendors