India and China's Metaverse in Education to Boom by 2031
By MYBRANDBOOK
In the eight years running up to 2031, it is anticipated that the metaverse technology will significantly boost the current education industry. According to a report released by research firm InsightAce Analytic, the union of metaverse and the education sector is predicted to generate over $102 billion with an estimated annual growth rate of 38.42 percent. The report said that the education market of North America and Asia-Pacific regions will see the combination of education and metaverse the fastest.
InsightAce's ‘Global Metaverse in Education Market Size, Share & Trends Analysis Report' said in the coming years, schools and colleges establishing their brands in the metaverse could become a trend. This could open the doors to education for more people, eliminating potential roadblocks like travel, medical conditions, and the financial pressure on parents to purchase uniforms and other amenities currently required by education institutes today.
The boom in Internet adoption, 5G, Cryptocurrencies, Cloud services, as well as technologies like AI, VR, and AR are also increasing the likelihood of the education sector fusing its operations with metaverse in the coming years.
As per the findings, the education market of North America and Asia-Pacific regions will see the combination of education and metaverse the fastest.
“The increase in e-learning adoption and rising interest in immersed learning environments are prime factors driving metaverse's expansion in the education market. Many market participants are seeing promising opportunities in developing nations like China and India, where sizable populations are paired with recent advancements in numerous industries,” the report noted.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
WIPRO LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
BHARAT ELECTRONICS LTD.
ATRIE TECHNOLOGY PVT. LTD.
Technology Icons Of India 2023: Gautam Adani
Gautam Adani is the Founder and the Chairman of the Adani Group, an In...
Technology Icons Of India 2023: Sandip Patel
Sandip Patel is the Managing Director, IBM India/South Asia. He is res...
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
C-DOT enabling India in indigenous design, development and production of telecom technologies
An autonomous telecom R&D centre of Government of India, Center of Dev...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...