The global education apps market is expected to grow by USD 46.88 billion during 2020-2024 according to the latest market research report by Technavio. Request a free sample report
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Technavio has announced its latest market research report titled global education apps market 2020-2024 (Graphic: Business Wire)
Increasing job opportunities in STEM fields are encouraging students to opt for STEM subjects and encouraging learners to install STEM-based education apps that can prepare them for the job market. Developing and developed economies across the globe are striving to implement and improve STEM education systems. Emerging app developers are investing in the development of new apps to cater to different aspects of the STEM segment. For instance, apps such as Hopscotch and Lightbot help students in understanding coding technology. Similarly, apps such as Pocket Universe, NASA Visualization Explorer, and Stephen Hawking’s Snapshots of the Universe can be installed by users interested in astronomy and space science. Thus, increasing STEM-based job opportunities coupled with the growing demand for STEM-based apps will drive the education apps market during the forecast period.
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As per Technavio, the growing focus on wearable technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Education Apps Market : Growing Focus on Wearable Technology
The growing focus on wearable technology is an emerging trend in this market space. Wearable technology in the education industry plays a key role in engaging students and improving their focus on learning. These 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 through audio-visual materials anytime. The option of storing data on the cloud has further encouraged users to adopt wearable devices.
“Increase in penetration of phone internet, growing government initiatives, rising demand for game-based learning, and mounting emphasis on technology-based course delivery are few other factors expected to trigger the education apps market growth during the forecast period”, says a market research analyst at Technavio.
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Education Apps Market: Segmentation Analysis
This market research report segments the education apps market by end-user (higher education and pre-K-12) and geography (APAC, Europe, North America, South America and MEA).
APAC led the education apps market share in 2019, followed by Europe, North America, South America, and MEA. The APAC region is expected to register the highest incremental growth due the wide learning base in countries such as India, China, and Japan and advances in technology in the education sector in countries such as Australia and Singapore.
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Some of the key topics covered in the report include:
- Higher Education
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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