Virtual Reality Training Market- Introduction
- Virtual reality training provides a 3D environment for specific subject matters and industrial requirements via a specially designed audio-visual headset
- Virtual reality training offers high levels of preparedness to the trainees and ensures self-confidence to deal with real life situations without causing danger to life and damage to property.
- Virtual reality has become a new trend in the training & development process across all industries. Use of virtual reality for training enhances the training experience and provides a new edge to the training process.
- Virtual reality training offers various advantages including a highly realistic virtual environment and provides a safe learning environment.
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Key drivers of the virtual reality training market
Availability of fewer substitutes to drive the virtual reality training market
- Virtual reality is a recent technology, combining 3D environment with artificial intelligence and simulation techniques that are some of the latest technologies recently introduced in the market.
- The substitutes of virtual reality training are the regular training methods which are rather outdated and lack efficiency in terms of practice and trainee understanding.
- Virtual reality training simulators have replaced the old training methods and techniques. No other substitute exists in the market as virtual reality training is the latest technology. The lack of substitute technology and product is expected to create huge demand for virtual reality training in the forthcoming years.
Virtual Reality Training- Competition Landscape
The top five players are expected to account for 30%-35% share of the virtual reality training market. A few of the key players operating in the global virtual reality training market are:
- VIAR Inc.
- STRIVR, Inc.
- VirtualSpeech Ltd.
- Medical Cyberworlds, Inc. (MCI)
- FOUNDRY 45
- Klip Collective
- VirTra Inc.
- CHRP-INDIA Pvt. Ltd.
Global Virtual Reality Training Market- Research Scope
Global Virtual RealityTraining Market, by End-use Industry
- IT & Telecom
- BFSI (Banking, Financial Services and Insurance)
- Others (Education, and Manufacturing)
Global Virtual Reality Training Market, by Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Global Virtual Reality Training Market, by Region
- North America
- Middle East & Africa (MEA)
- Asia Pacific
- South America
- Augmented reality
- Virtual Speech
- Virtual Squad Training System (VSTS)
- Immersive Learning
- Virtual Reality
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