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.
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
POLYCAB INDIA PVT. LTD.
FIREBOLTT
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
Technology Icons Of India 2023: Rishad Premji
Rishad Premji is the son of the Wipro head Azim Premji and was named a...
Technology Icons Of India 2023: Kulmeet Bawa
Kulmeet Bawa resides as President & Managing Director, SAP Indian subc...
Technology Icons Of India 2023: Sandip Patel
Sandip Patel is the Managing Director, IBM India/South Asia. He is res...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
NIC bridging the digital divide and supporting government in eGovernance
The National Informatics Centre (NIC) is an Indian government departme...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...