Connect with us

Technology

Mixed Reality in Education Market to Grow by USD 0.33 million from 2024-2028, Driven by Growth in MR Classrooms and AI-Driven Market Transformation: Technavio Report

Published

on

NEW YORK, Sept. 30, 2024 /PRNewswire/ — The Global Mixed Reality in Education Sector Market  size is estimated to grow by USD 0.33 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 66.18

%  during the forecast period.  Increase in number of MR classrooms is driving market growth, with a trend towards increase in number of technology partnerships  However, increase in number of substitutes  poses a challenge – Key market players include 3D4Medical Ltd., Acer Inc., Alchemy Ltd., Alphabet Inc., Avantis Systems Ltd., Avegant Corp., Eon Reality Inc., fotonVR, GIGXR Inc., HP Inc., HTC Corp., Lenovo Group Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Nearpod Inc., Osterhout Design Group, RedboxVR Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unimersiv, Veative Labs, VictoryXR Inc., Virtalis Holdings Ltd., and zSpace Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Hardware and Software), End-user (Higher education and K-12), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3D4Medical Ltd., Acer Inc., Alchemy Ltd., Alphabet Inc., Avantis Systems Ltd., Avegant Corp., Eon Reality Inc., fotonVR, GIGXR Inc., HP Inc., HTC Corp., Lenovo Group Ltd., Magic Leap Inc., Meta Platforms Inc., Microsoft Corp., Nearpod Inc., Osterhout Design Group, RedboxVR Ltd., Samsung Electronics Co. Ltd., Sony Group Corp., Unimersiv, Veative Labs, VictoryXR Inc., Virtalis Holdings Ltd., and zSpace Inc.

Key Market Trends Fueling Growth

Mixed reality technology is gaining traction in the education sector, leading several vendors to form strategic partnerships. These collaborations enable schools and colleges to access affordable and user-friendly mixed reality hardware, software, and content, such as simulations and applications. Microsoft and Pearson, for example, are exploring mixed reality’s potential in education, with Pearson developing MR content for areas like online tutoring, nursing, and engineering using Microsoft HoloLens. Texas Tech University Health Sciences Center in Lubbock is among the institutions participating in Pearson’s mixed reality pilot program. The rising number of technology partnerships and collaborations is expected to fuel the growth of the global mixed reality market in education during the forecast period. 

Mixed reality, the fusion of virtual and real worlds, is revolutionizing the education sector. IoT devices and MR technology are merging to create learning experiences. Silicon Valley leads product innovation with MR classrooms using headmounted displays, sensors, motion trackers, and haptic devices. Affordable HMDs and MR software are key to reaching a larger student population in various regions. Data security is crucial, especially for students with ADHD, as Bodyswaps and other MR applications gain popularity. Mergers, acquisitions, and strategic alliances continue to shape this market. AR and VR are important, but mixed reality sets the new standard. Statistics show a growing trend towards MR in education, making it an exciting space for product differentiation and technological skill set development for teachers and students alike. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The Mixed Reality (MR) market in education is experiencing growth but faces significant challenges. The high initial investment for implementing MR technology in schools and colleges, due to the cost of headsets and content development, limits its accessibility. MR’s enterprise-led nature also makes it less suitable for primary and secondary schools and some universities, as it requires extensive time for application and content creation. Furthermore, teachers need specialized training to develop and deliver MR content. The ambiguity surrounding MR’s educational use and students’ unfamiliarity with the technology also hinder its adoption. In contrast, affordable and accessible alternatives like Augmented Reality (AR) and Virtual Reality (VR) are gaining popularity. Mobile VR technology, in particular, is the most accessible option, but its limited student interaction and fewer apps offer a less experience. Consequently, the increasing number of substitutes may hinder the growth of the global MR market in education during the forecast period.The Mixed Reality (MR) market in the Education Sector is experiencing rapid growth as new technologies merge the physical and digital worlds. However, challenges persist. The earliest adopters face a technological skill set gap among students and teachers. In various regions, affordability of MR hardware like headmounted displays, sensors, and motion trackers remains a concern. Product innovation and differentiation are key for companies, with Silicon Valley leading the charge. HMDs and MR software are essential, but data security is paramount. MR can benefit students with conditions like ADHD, and IoT devices can enhance learning. Mergers, acquisitions, and strategic alliances are shaping the MR landscape. New technologies like Bodyswaps, Statistics, and haptic devices offer exciting possibilities. Augmented Reality (AR) and Virtual Reality (VR) are important, but MR is the future of education.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This mixed reality in education sector market report extensively covers market segmentation by

Product 1.1 Hardware1.2 SoftwareEnd-user 2.1 Higher education2.2 K-12Geography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hardware-  The Mixed Reality (MR) market in the education sector is primarily driven by the hardware segment, which includes Head Mounted Displays (HMDs) and all-in-one computer systems. HMDs use special lenses and sensors to create a stereo image, enabling the user to perceive depth and a three-dimensional experience. Microsoft dominates this segment with its HoloLens, which allows users to see holographic images. However, its premium price limits access for students and educational institutions. To make MR technology more affordable, Microsoft, in collaboration with Acer, HP, and Dell, has launched new MR headsets. Lenovo, Asus, and other companies are also entering the market with their affordable MR headsets. ZSpace offers an end-to-end MR solution, including MR labs in schools and colleges. The competition in the hardware market is expected to intensify, with Avegant and other new players entering the fray during the forecast period. The hardware segment’s growth is attributed to the increasing popularity of MR labs in educational institutions. These labs provide students with collaborative learning experiences on a single MR platform. The frame rate and body motion detection are crucial factors in delivering an effective MR experience. The sensory data collected from motion sensors, gyroscopes, and accelerometers are used as inputs to the software. In conclusion, the hardware segment is expected to continue its growth in the MR market in the education sector due to the increasing demand for affordable MR headsets and the benefits of collaborative learning experiences.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Mixed reality (MR), the convergence of augmented reality (AR) and virtual reality (VR), is revolutionizing education by providing learning experiences. MR integrates digital information into the real world, enhancing traditional classroom teaching. In drug administration education, MR enables students to interact with 3D models of molecules, improving understanding and retention. IoT devices and sensors in MR classrooms provide real-time data for analysis, enhancing the learning experience. Data security is paramount to protect student information. MR technologies cater to diverse student populations, with AR for hands-on learning and VR for simulations. New technologies and MR classrooms are being adopted in various regions, with hardware including motion trackers and headsets driving innovation. Teachers can leverage these tools to create engaging, interactive lessons, fostering a more effective learning environment.

Market Research Overview

Mixed reality (MR), the fusion of virtual and real worlds, is revolutionizing education by enhancing learning experiences. IoT devices, such as sensors and motion trackers, are integral to MR, providing and interactive environments. Data security is paramount in MR classrooms, ensuring student privacy. MR technologies, including AR and VR, cater to diverse learning needs, such as those with ADHD, through personalized experiences. Silicon Valley leads product innovation and differentiation, with new technologies emerging regularly. Mergers, acquisitions, and strategic alliances shape the MR in education market. The technological skill set required for MR is expanding, necessitating collaboration between students, teachers, and industry. Early adoption of MR in various regions is growing, with hardware like affordable head-mounted displays (HMDs) and haptic devices driving adoption. MR software development is a key focus area, with ongoing advancements in MR applications for education.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHardwareSoftwareEnd-userHigher EducationK-12GeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/mixed-reality-in-education-market-to-grow-by-usd-0-33-million-from-2024-2028–driven-by-growth-in-mr-classrooms-and-ai-driven-market-transformation-technavio-report-302262043.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Cineverse Appoints Rey Puentenegra as Vice President, Corporate Controller

Published

on

By

LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, today announced that it has hired Rey Puentenegra as Vice President, Corporate Controller. Leveraging over 20 years of combined experience across the Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions across Cineverse’s entire business. He will manage day-to-day operations of the accounting department while taking ownership of corporate accounting, regulatory and financial reporting, audit preparation, and the continual development of internal control policies and procedures. Puentenegra’s appointment is effective immediately, and he will report directly to Mark Lindsey, Chief Financial Officer of Cineverse.

For more than two decades, Puentenegra has been responsible for financial and accounting management, SEC reporting and technical accounting, IPO and SPAC consulting, and process systems implementation and optimization across public and private companies, Big 4 accounting firms, and the Public Company Accounting Oversight Board (PCAOB). Prior to joining Cineverse, Puentenegra served as Controller at YOUNGLA, a fitness and lifestyle apparel e-commerce company, where he oversaw the finance and accounting team as well as managed an outside accounting firm and the company’s primary banking relationship. He was responsible for developing and implementing the initial finance operations structure in addition to the company’s Enterprise Resource Planning. Throughout his career, Puentenegra has served in finance and accounting roles for KPMG, PricewaterhouseCoopers (PwC), Reading International, Global Eagle Entertainment, Corporate Finance Group, XOS, and Spatial Genomics. As Inspections Specialist at PCAOB, he inspected the audits of the Big 4 and mid-tier firms in both the U.S. and foreign jurisdictions.

In connection with his joining the Company, Puentenegra received stock appreciation rights (the “SARs”) for 85,000 shares of Cineverse’s Class A Common Stock (the “Common Stock”), having a ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The grant of SARs is an inducement grant pursuant to NASDAQ listing Rule 5635(c)(4).

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-appoints-rey-puentenegra-as-vice-president-corporate-controller-302296878.html

SOURCE Cineverse Corp.

Continue Reading

Technology

Cboe Global Markets Reports Trading Volume for October 2024

Published

on

By

CHICAGO, Nov. 5, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported October monthly trading volume statistics across its global business lines.

The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain October trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Average Daily Trading Volume (ADV) by Month

Year-To-Date

Oct

2024

Oct

2023

%

Chg

Sep
 2024

%

Chg

Oct

2024

Oct

2023

Chg

Multiply-listed options (contracts, k)

10,793

11,230

-3.9 %

10,459

3.2 %

10,610

10,885

-2.5 %

Index options (contracts, k)

3,976

4,534

-12.3 %

4,130

-3.7 %

4,097

3,765

8.8 %

Futures (contracts, k)

187

292

-36.0 %

232

-19.6 %

243

227

6.7 %

U.S. Equities – On-Exchange (matched shares, mn)

1,289

1,376

-6.4 %

1,234

4.4 %

1,360

1,396

-2.6 %

U.S. Equities – Off-Exchange (matched shares, mn)1

77

81

-5.6 %

85

-9.1 %

78

81

-2.8 %

Canadian Equities (matched shares, k)

158,622

137,305

15.5 %

148,628

6.7 %

145,790

134,538

8.4 %

European Equities (€, mn)

10,534

9,277

13.6 %

10,121

4.1 %

9,681

9,498

1.9 %

Cboe Clear Europe Cleared Trades2 (k)

117,528

100,398

17.1 %

102,208

15.0 %

1,017,755

990,488

2.8 %

Cboe Clear Europe Net Settlements2 (k)

1,042

873

19.4 %

943

10.5 %

9,278

8,406

10.4 %

Australian Equities (AUD, mn)

777

719

8.0 %

891

-12.8 %

788

699

12.7 %

Japanese Equities (JPY, bn)

288

196

47.0 %

312

-7.5 %

315

174

80.5 %

Global FX ($, mn)

44,373

47,933

-7.4 %

48,096

-7.7 %

46,805

44,363

5.5 %

1 U.S. Equities – Off-Exchange ATS Block metrics restated to incorporate a tier of sell-side activity from July 2023 and forward, previously excluded from reporting.
2 Cboe Clear Europe figures are totals (not ADV) for the months and years-to-date. Asa of April 2023, data has been restated to reflect both On-Book and Off-Book cleared trades.

October 2024 Trading Volume Highlights

Cboe Europe

Cboe Europe Periodic Auctions reported a record average daily notional value (ADNV) of €2.5 billion, beating the previous record of €2.4 billion in September 2024.Cboe Clear Europe processed 117.5 million client trades in October, its highest monthly volumes in 2024. Additionally, it cleared its first trades on Deutsche Börse, introducing competitive clearing to the German market.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit www.cboe.com.

 

Cboe Media Contacts

   Cboe Analyst Contact

Angela Tu 

Tim Cave

Kenneth Hill, CFA 

+1-646-856-8734 

+44 (0) 7593-506-719

+1-312-786-7559 

atu@cboe.com

tcave@cboe.com

khill@cboe.com

 

CBOE-V

Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc. or its affiliates. Standard & Poor’s®, S&P®, SPX®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services, LLC, and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Any products that have the S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by Standard & Poor’s or Cboe and neither Standard & Poor’s nor Cboe make any representations or recommendations concerning the advisability of investing in products that have S&P indexes as their underlying interests. All other trademarks and service marks are the property of their respective owners.

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with S&P. Investors should undertake their own due diligence regarding their securities, futures, and investment practices. This press release speaks only as of this date. Cboe Global Markets, Inc. disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices referenced in this press release to track the performance of their respective securities, generally, or the performance of the indices referenced in this press release or any subset of their respective securities, and shall not in any way be liable for any inaccuracies, errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the third-party indices referenced in this press release and shall not in any way be liable for any inaccuracies or errors in any of the indices referenced in this press release.

There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/us_disclaimers/

Options involve risk and are not suitable for all market participants. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cboe-global-markets-reports-trading-volume-for-october-2024-302296940.html

SOURCE Cboe Global Markets, Inc.

Continue Reading

Technology

Patrick Industries to Participate in Upcoming Baird Conference

Published

on

By

ELKHART, Ind., Nov. 5, 2024 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Baird’s 2024 Global Industrial Conference on November 12, 2024.

Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held at the Ritz-Carlton in Chicago.

Please contact Baird for attendance information and additional details. 

About Patrick Industries, Inc. 
Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com

Forward-Looking Statements  
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/patrick-industries-to-participate-in-upcoming-baird-conference-302296921.html

SOURCE Patrick Industries, Inc.

Continue Reading

Trending