Virtual Training and Simulation Market to Reach $601.85 Billion, Globally, by 2027 at 13.7% CAGR: Allied Market Research
by Component (Hardware and Software) and End User (Defense & Security, Civil Aviation, Education, Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global virtual training and simulation industry generated $204.41 billion in 2019, and is estimated to reach $601.85 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027. Prime determinants of growth: Increase in awareness about virtual training and simulation, cost-...
Source: benzinga.com