LONDON--(BUSINESS WIRE)--According to the latest market research report by Technavio, the global simulation learning in higher education market is expected to attain a CAGR of over 18% until 2020.
In this report, Technavio covers the present scenario and growth prospects of the global simulation learning in higher education market for 2016-2020. To calculate the market size, Technavio researchers have considered revenues generated from the sales of STEM simulation and non-STEM simulations.
“Medical institutions rely on borrowed teaching methodologies, traditionally used in industries such as aviation, defense, and automotive. One such teaching methodology is simulation-based learning. While providing real time scenarios for carrying out experiments, this learning method removes challenges involving limited training hours and limited encounters with patients. These benefits offered, primarily drive the demand for advanced simulation technologies for medical and nursing education,” said Jhansi Mary, one of Technavio’s lead industry analysts for education technology research.
“With the emergence of online, virtual, and other computer-based simulations in the market, medical universities are expected to switch from mannequins, task trainers, and other conventional simulation-training media to technologically advanced simulations during the course of the forecast period,” added Jhansi.
Global simulation learning in higher education market by geography 2015
• North America
Source: Technavio research
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Simulation learning in higher education market in North America: largest region
The Simulation learning in higher education market in North America was valued at USD 289.3 million in 2015. Simulation learning in higher education market in North America is growing at a moderate rate. The US is the biggest market in North America, accounting for the largest revenue contribution. Factors such as implementation of bring your own device (BYOD) policies in educational institutions and increased mobile browsing by students will likely propel this market further.
Thanks to the availability of excellent IT infrastructure in North America, higher education institutions are reaching out to students through virtual classrooms. In the education sector, simulation learning will find a growing use in complementing and enhancing traditional core curricula of STEM and non-STEM courses.
Simulation learning in higher education market in Europe: second largest region
The market in Europe was valued at USD 200.9 million in 2015. Western European countries like the UK, Germany, France, and Spain have been witnessing the strongest growth in the adoption of simulations in higher education institutions. Owing to the better technological facilities in developed countries of Western Europe, a significant number of colleges and universities have already been digitalized and are incorporating simulations into their STEM and non-STEM course delivery. As the Eastern European region will see greater investment in improving its IT infrastructure and a shift from traditional to technologically advanced paradigms of education, the simulation learning market in Europe is expected to gain excellent traction over the next four years.
Simulation learning in higher education market in APAC
The APAC market was valued at USD 136.6 million in 2015. There is a strong demand for packaged content in this region, which vendors are unable to meet. To tap this opportunity, many foreign companies are engaging in tie-ups with local and regional players to customize their products as per local needs and deliver better simulations to meet the student needs. Key findings of this report indicate an increased use of tablets and laptops by higher education students along with the improvement of IT infrastructure to largely drive the adoption of advanced simulation learning technologies in APAC.
Browse related reports:
- M-education Market in the US 2016-2020
- Global E-learning Packaged Content Market 2015-2019
- Global Higher Education M-Learning Market 2015-2019
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