NEW YORK, Nov. 10, 2021 /PRNewswire/ -- According to the research report "Education Apps Market - Forecast and Analysis Report 2021-2025", the market is expected to have a YOY growth rate of 29.98% in 2021. However, the growth momentum is likely to decelerate at a CAGR of 27.49% between 2020 and 2025.
APAC is the largest market for Education Apps. Factors such as a large consumer base, increasing awareness about education apps, growing Internet penetration, the adoption of smartphones, the increasing emphasis on technology by educational institutions, and the favorable government initiatives are creating significant growth opportunities for education app vendors in APAC.
View Sample: to know additional highlights and key points on various market segments and how they will impact in coming years.
Vendor Insights
The education apps market is fragmented in nature due to the presence of several global and regional players.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
For Instance, in November 2020, Alphabet won the Customer Service Excellence prize at the Car Finance Awards 2020.
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Sample Market Research Report.
Geographical Market Analysis
APAC will provide maximum growth opportunities in the education apps market during the forecast period. According to our research report, the region currently holds 41% of the global market share and is expected to dominate the market through 2025.
In addition, countries such as the US, China, Germany, and Australia are expected to emerge as prominent markets for household composters during the forecast period.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/education-apps-market-industry-analysis
Key Market Trends & Challenges:
The growing focus on wearable technology is a major factor supporting the education apps market share growth. Wearable technologies improve communication between teachers and students by facilitating a platform for sharing ideas, implementing processes, and exchanging feedback. Wearable smart devices are a growing trend in the global education apps market. Smart devices allow a user to install apps and learn subjects
However, data security is a major challenge for the education apps market. The proliferation of education technology has increased security concerns and data breaches. The rise in startups and free offerings of apps by vendors to acquire a foothold in the market have enabled educators to experiment with "adaptive learning" products such as STEM apps and foreign language learning apps that record and analyze the performance of students and allow to personalize lessons. The increasing use of mobile apps for education in institutions and organizations is creating avenues for hacking confidential information and making it harder for the IT department to regulate the access to data on its backend systems.
View free sample for highlights on market Trends & Challenges affecting the education apps market.
Customize Your Report
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Related Reports:
K-12 Game-based Learning Market -The K-12 game-based learning market share should rise by USD 9.03 billion from 2021 to 2025 at a CAGR of 20.63%. Download a free sample now!
Learning Management System Market -The learning management system market has the potential to grow by USD 27.98 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 20.19%. Download a free sample now!
Related Reports:
Education Apps Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 27.49% |
Market growth 2021-2025 |
USD 70.55 billion |
Market structure |
Fragmented |
YoY growth (%) |
29.98 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, UK, China, Germany, and Australia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Age of Learning Inc., Alphabet Inc., Duolingo Inc., Edmodo, edX Inc., Lumos Labs Inc., MyScript, Quizlet Inc., Rosetta Stone Ltd., and WizIQ Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article