Education Apps Market - 41% of Growth to Originate from APAC| Driven by Growing Demand for STEM-based Apps | Technavio
NEW YORK, May 20, 2022 /PRNewswire/ -- The "Education Apps Market by End-user (Higher education and Pre K-12) and Geography (APAC, Europe, North America, South America, and MEA) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 41% of the market's growth will originate from APAC during the forecast period. China and Australia are the key markets for education apps in APAC. However, market growth in this region will be slower than the growth of the market in other regions. The increasing awareness about education apps, growing internet penetration, the adoption of smartphones, the increasing emphasis on technology by educational institutions, and favorable government initiatives will facilitate the education apps market growth in APAC over the forecast period.
The potential growth difference for the education apps market between 2021 and 2026 is USD 70.55 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factor driving the global education apps market growth is the growing demand for STEM-based apps. For instance, in the US, there is an increasing demand for STEM jobs, majorly in Colombia, Virginia, Washington, and Massachusetts, areas filled with bachelor's degree holders, post-secondary graduates, and Ph.D. holders. Emerging app developers are investing in creating numerous apps for the STEM segment. For instance, apps such as Hopscotch and Lightbot help students understand coding technology better. For astronomy and space science, apps such as Pocket Universe and Stephen Hawking Snapshots of the Universe can be installed by users. In the US, there is a shortage of STEM workers compared with the demand. However, in 2019, there were 9.9 million STEM workers in the US, and STEM occupations are projected to grow by 8.0% between 2019 and 2029 compared with 3.7% growth of non-STEM occupations, according to the US Bureau of Labor Statistics. Such factors will drive the market growth during the forecast period.
- Market Challenges - The key challenge to the global education apps market growth is data security concerns. The increase in the adoption of educational tools such as apps has increased security threats with respect to the information of students and other administrative data. In the corporate sector, as more businesses rely on BYOD policies, the connection of devices increases the exposure to security threats due to the lack of security system installations. This risk of potential breaches in corporate networks is reducing the rate of adoption of mobile learning through apps. 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. Hence, the threat to data security can offset market growth during the forecast period.
To learn about additional key drivers, trends, and challenges- Download a Sample Report right now!
Education Apps Market: Segmentation Analysis
The education apps market report is segmented by End-user (Higher education and Pre K-12) and Geography (APAC, Europe, North America, South America, and MEA). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the education apps market size and actionable market insights on each segment.
Download our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The education apps market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
- Age of Learning Inc.
- Alphabet Inc.
- Duolingo Inc.
- Edmodo
- edX Inc.
- Lumos Labs Inc.
- MyScript
- Quizlet Inc.
- Rosetta Stone Ltd.
- WizIQ Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
The competitive scenario provided in the Education Apps Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Education Apps Market Forecast Report - Buy Now!
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Education Apps Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 27.49% |
Market growth 2022-2026 | USD 70.55 billion |
Market structure | Fragmented |
YoY growth (%) | 29.98 |
Performing market contribution | APAC at 41% |
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 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. |
Key Topics Covered:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Education services
2.2.1 Inputs
2.2.2 Operations
2.2.3 Connecting and innovating
2.2.4 Marketing and sales
2.2.5 Support activities
2.2.6 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Market Segmentation by End-user
5.1 Market segments
The segments covered in this chapter are:
- Higher education
- Pre K-12
Exhibit 15: End-user - Market share 2020-2025 (%)
5.2 Comparison by End-user
Exhibit 16: Comparison by End-user
5.3 Higher education - Market size and forecast 2020-2025
Exhibit 17: Higher education - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Higher education - Year-over-year growth 2020-2025 (%)
5.4 Pre K-12 - Market size and forecast 2020-2025
Exhibit 19: Pre K-12 - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Pre K-12 - Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by End-user
Exhibit 21: Market opportunity by End-user
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 22: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- APAC
- Europe
- North America
- South America
- MEA
Exhibit 23: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 24: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 25: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 27: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
7.5 North America - Market size and forecast 2020-2025
Exhibit 29: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 35: Key leading countries
7.9 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ billion)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing demand for STEM-based apps
8.1.2 Growing government initiatives
8.1.3 Increase in penetration of phone Internet
8.2 Market challenges
8.2.1 Data security
8.2.2 High cost of interoperability and OS fragmentation
8.2.3 High competition from MOOCs
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
8.3.1 Growing focus on wearable technology
8.3.2 Rising demand for game-based learning
8.3.3 Increase in the integration of apps
8.3.4 Growing emphasis on technology-based course delivery
8.3.5 Blended learning through AR
9. Vendor Landscape
9.1 Overview
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Age of Learning Inc.
Exhibit 43: Age of Learning Inc. - Overview
Exhibit 44: Age of Learning Inc. - Product and service
Exhibit 45: Alphabet Inc. - Key news
Exhibit 46: Age of Learning Inc. - Key offerings
10.4 Alphabet Inc.
Exhibit 47: Alphabet Inc. - Overview
Exhibit 48: Alphabet Inc. - Business segments
Exhibit 49: Alphabet Inc. - Key offerings
Exhibit 50: Alphabet Inc. - Segment focus
10.5 Duolingo Inc.
Exhibit 51: Duolingo Inc. - Overview
Exhibit 52: Duolingo Inc. - Product and service
Exhibit 53: Duolingo Inc. - Key offerings
10.6 Edmodo
Exhibit 54: Edmodo - Overview
Exhibit 55: Edmodo - Product and service
Exhibit 56: Edmodo - Key offerings
10.7 edX Inc.
Exhibit 57: edX Inc. - Overview
Exhibit 58: edX Inc. - Product and service
Exhibit 59: edX Inc. - Key news
Exhibit 60: edX Inc. - Key offerings
10.8 Lumos Labs Inc.
Exhibit 61: Lumos Labs Inc. - Overview
Exhibit 62: Lumos Labs Inc. - Key offerings
10.9 MyScript
Exhibit 63: MyScript - Overview
Exhibit 64: MyScript - Product and service
Exhibit 65: MyScript - Key offerings
10.10 Quizlet Inc.
Exhibit 66: Quizlet Inc. - Overview
Exhibit 67: Quizlet Inc. - Product and service
Exhibit 68: Quizlet Inc. - Key news
Exhibit 69: Quizlet Inc. - Key offerings
10.11 Rosetta Stone Ltd.
Exhibit 70: Rosetta Stone Ltd. - Overview
Exhibit 71: Rosetta Stone Ltd. - Business segments
Exhibit 72: Rosetta Stone Ltd. - Key news
Exhibit 73: Rosetta Stone Ltd. - Key offerings
Exhibit 74: Rosetta Stone Ltd. - Segment focus
10.12 WizIQ Inc.
Exhibit 75: WizIQ Inc. - Overview
Exhibit 76: WizIQ Inc. - Product and service
Exhibit 77: WizIQ Inc. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 78: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 79: Research Methodology
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Information sources
11.4 List of abbreviations
Exhibit 82: List of abbreviations
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