A virtual school operates on an online learning platform and offers courses pertaining to various fields entirely through digital methodologies. These schools provide students an opportunity to learn at home from certified teachers and using a core curriculum. They also help them earn credits in the desired field, which can be cited when applying for admission to higher education. Although the concept of virtual schools is relatively new in the education industry, it is gaining popularity at a great pace and has become one of the fastest growing education opportunities in the K-12 segment. More than 40 states in the US have developed virtual schooling facilities through a mix of public initiatives and private funding. These schools offer diverse course curriculum at a fee that is relatively lesser when compared to traditional institutions.
Technavio’s analysts forecast the virtual schools market in North America to grow at a CAGR of 12.82% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the virtual schools market in North America for 2017-2021. To calculate the market size, the report considers the student enrollments in the for-profit virtual schools in the kindergarten to grade 12 (K-12) segment.
The market is divided into the following segments based on geography: - US - Canada
Technavio's report, Virtual Schools Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Connections Education - K12 Inc. - Mosaica Education - White Hat Management
Other prominent vendors - Abbotsford Virtual School - Alaska Virtual School - Basehor-Linwood Virtual School
Market driver - Increase in online content development and digitalization - For a full, detailed list, view our report
Market challenge - Rise in non-profit institutions - For a full, detailed list, view our report
Market trend - Increased demand for distance learning - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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