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Virtual Training and Simulation Market is expected to garner $329 billion by 2022, registering a CAGR of 16.8% during the forecast period 2016 - 2022. The Market is a method in which a simulated virtual environment is created to test certain abilities of a trainee that can contribute to the learning process.<br>An in-depth analysis of the world virtual training and simulation market is provided along with the market dynamics that would prove crucial in understanding the market.<br>Quantitative analysis of the current market and future estimations from 2014 to 2022 is anticipated to assist to design business strategies to capitalize on the prevailing market opportunities.<br>Porters Five Forces analysis examines the competitive structure of the world virtual training and simulation industry and also provides a clear understanding of the factors that influence the market entry and market expansion.<br>A detailed analysis of geographic segments offers identification of most profitable segments to capitalize on.<br>A comprehensive analysis of market trends, sub-segments, and key revenue pockets is provided.<br>Analysis of the key leaders of the virtual training and simulation industry and their business strategies is projected to assist stakeholders to make more informed business decisions.<br>A detailed company profiles analysis that showcases major developments such as mergers & acquisitions, expansions, and new product launch is provided.
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Virtual Training and Simulation Market Global Opportunities Analysis and Industry Forecast, 2014 - 2022
Overview: Virtual Training and Simulation Market is expected to garner $329 billion by 2022, registering a CAGR of 16.8% during the forecast period 2016 - 2022. Over the past few years, increase in defense, healthcare, and education expenditure is seen especially in Asia-Pacific, LAMEA, and European countries and is expected to continue during the forecast period. Product launch to provide enhanced features, accounting for 50% of the total strategy adoption, followed by agreements, contributing 18.8% of the total share.
Trending in North America • The United States Army Simulation and Training Technology Center (STTC) is a provider of applied research to develop simulation technologies to United States Department of Defense and United States Department of Homeland Security. • The Canada First Defence Strategy is an initiative to offer the Canadian Forces (CF) with a program the Operational Training System Provider (OTSP) developed by CAE, Inc., which delivers comprehensive aircrew training services. • Major leading companies include CAE, Inc., Lockheed Martin Global Training and Logistics, SAAB Training USA LLC, and others who have developed a variety of tools and technologies applicable in numerous fields such as military, civil aviation, healthcare, education, gaming, and others.
Market Segmentation: By Components • Hardware • Software By End-user • 1. Defense and Security • Civil Aviation • Education • e-Learning • Game-Based Learning • Entertainment • Others (Digital Manufacturing and Healthcare
Market Segmentation: • By Geography • North America • U.S. • Canada • Mexico • Europe • UK • Germany • France • Spain • Italy • Rest of Europe • Asia-Pacific • China • India • Japan • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Africa
Key-players: • CAE Inc. • L-3 Link Simulation & Training • Cubic Corporation • ON24, Inc. • QinetiQ Group plc • BAE Systems plc • Laerdal Medical Corporation • Kratos Defense & Security Solutions, Inc. • The DiSTI Corporation • ANSYS, Inc.
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