NEW YORK, Nov. 21, 2022 /PRNewswire/ — The Global Education Apps Market share is set to increase by USD 124782.56 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 28.61% as per the latest market forecast report by Technavio. The market will also record a 28.23% Y-O-Y growth rate during the forecast period. To know more about the historic market size– Request a Free Sample Report!
Global Education Apps Market – Parent Market Analysis
Technavio categorizes the global education apps market as a part of the global education market. The parent market, the global education market, covers products, services, and solutions that are offered to educational institutions, students, parents, individuals, corporate institutions, and teachers. Technavio calculates the global education market size based on the combined revenues generated by the manufacturers or providers of equipment, software, teaching materials, solutions, and services.
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Global Education Apps Market Characteristics with Five Forces–
The Global Education Apps Market is fragmented, and the five forces analysis by Technavio gives an accurate vision –
Bargaining Power of Buyers
The threat of New Entrants
Threat of Rivalry
Bargaining Power of Suppliers
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Global Education Apps Market – Customer Landscape
The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence.
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Global Education Apps Market – Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Education Apps Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Education Apps Market size and actionable market understandings.
Regional Highlights
APAC is the fastest-growing region in the global education apps market compared to other regions. 41% of the market’s growth will originate from this region. The growth of this region is attributed to factors such as a large consumer base, growing Internet penetration, increasing awareness about education apps, the increasing emphasis on technology by educational institutions, the adoption of smartphones, and favorable government initiatives.
Type Segment Overview
The Global Education Apps Market as per end-user segmentation is categorized into higher education and pre-k-12.
Revenue Generating Segment – The education apps market share growth by the higher education segment will be significant during the forecast period. The higher education application segment witnessed significant growth in the market in 2022 due to the temporary closure of colleges and universities in response to COVID-19 restrictions. This led to a shift from offline classes to online classes, which, in turn, led to a surge in demand for higher education applications across the world.
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Global Education Apps Market – Market Dynamics
Major Driver Boosting the Market
Growing government initiatives are driving market growth.
Governments of developing countries such as India are taking various initiatives to boost the growth of the e-learning industry. For instance, the Indian government has implemented numerous initiatives such as the PM eVIDYA program and DIKSHA in response to the COVID-19 pandemic.
The Indian government also established the National Digital Educational Architecture (NDEAR) to develop digital infrastructure and support initiatives related to educational planning.
Such initiatives will fuel the growth of the global education apps market during the forecast period.
Major Trends Influencing the Growth of the Market
The growing focus on wearable technology in the education industry is a trend in the market.
Wearable technologies improve communication between students and teachers.
Users can install apps and learn different academic subjects on their smart devices.
Wearables can be integrated with smartphones and other gadgets, which has increased their penetration in the market.
Thus, growing technological advances in wearable devices will support the growth of the market during the forecast period.
Major Challenges interrupting the market growth
Data security issues are challenging the global education application market growth.
The rise in the adoption of educational tools such as apps has increased the risk of security threats related to the information of students and administrative data.
In the corporate sector, many businesses rely on BYOD policies, which increases the exposure to security threats and potential breaches.
Hence, the threat to data security can hinder market growth during the forecast period.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19-impacted market research reports.
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Education Apps Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist education apps market growth during the next five years
Estimation of the education apps market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the education apps market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of education apps market vendors
Related Reports
The digital education content market is projected to grow by USD 47.10 billion with a CAGR of 11.94% during the forecast period 2021 to 2026. The market is segmented by end-user (k-12 and higher education) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The online photography education market is projected to grow by USD 655.08 million with a CAGR of 7.08% during the forecast period 2021 to 2026. The market is segmented by courses (degree and non-degree) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
Education Apps Market Scope
Report Coverage
Details
Page number
120
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 28.61%
Market growth 2023-2027
USD 124,782.56 million
Market structure
Fragmented
YoY growth (%)
28.23
Regional analysis
APAC, Europe, North America, South America, and the Middle East and Africa
Performing market contribution
APAC at 41%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
Age of Learning Inc., Alphabet Inc., Babbel GmbH, BenchPrep, Blackboard Inc., BrainPOP, Coursera Inc., Duolingo Inc., Educomp Solutions Ltd., edX LLC, Epic Creations Inc., Hologo World Inc., Khan Academy Inc., Lumos Labs, MyScript, Quizlet Inc., Rosetta Stone Ltd., Think & Learn Pvt. Ltd., Vedantu Innovations Pvt. 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 recovery analysis and future consumer dynamics, and 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.
Browse Consumer Discretionary Market Reports
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global education apps market 2017 – 2021
4.2 By end-user Segment Analysis 2017 – 2021
4.3 By product type Segment Analysis 2017 – 2021
4.4 By geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 High education – Market size and forecast 2022-2027
6.4 Pre K-12 – Market size and forecast 2022-2027
6.5 Market opportunity by End-user
7 Market Segmentation by Product Type
7.1 Market segments
7.2 Comparison by Product Type
7.3 Web based – Market size and forecast 2022-2027
7.4 Mobile based – Market size and forecast 2022-2027
7.5 Market opportunity by Product Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
9.4 Europe – Market size and forecast 2022-2027
9.5 North America – Market size and forecast 2022-2027
9.6 South America – Market size and forecast 2022-2027
9.7 Middle East and Africa – Market size and forecast 2022-2027
9.8 China – Market size and forecast 2022-2027
9.9 US – Market size and forecast 2022-2027
9.10 Germany – Market size and forecast 2022-2027
9.11 Japan – Market size and forecast 2022-2027
9.12 UK – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Age of Learning Inc.
12.4 Alphabet Inc.
12.5 Babbel GmbH
12.6 BenchPrep
12.7 Blackboard Inc.
12.8 BrainPOP
12.9 Coursera Inc.
12.10 Duolingo Inc.
12.11 Educomp Solutions Ltd.
12.12 edX LLC
12.13 Khan Academy Inc.
12.14 MyScript
12.15 Think and Learn Pvt. Ltd.
12.16 Vedantu Innovations Pvt. Ltd.
12.17 WizIQ Inc.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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 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.
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Technavio Research
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Email: [email protected]
Website: www.technavio.com/
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