Education Apps Market to Record a CAGR of 27.49% | Age of Learning Inc. and Alphabet Inc. Among Key Vendors

The education apps market is set to grow by USD 70.55 billion from 2020 to 2025. However, the market is anticipated to decelerate at a CAGR of 27.49%. The year-over-year growth rate of the market in 2021 is 29.98%. This report presents a detailed analysis of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters

The education apps market forecast report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. Technavio identifies growing penetration in organized retail as one of the major factors driving the growth of the market. However, factors such as the declining birth rate may challenge the market growth.

The education apps market covers the following areas:

Education Apps Market Sizing
Education Apps Market Market Forecast
Education Apps Market Analysis

Market Segmentation Analysis
By end-user, the education apps market has been classified into two segments, namely higher education and K-12. The higher education segment will be a significant sector for the education apps market growth during the forecast period. There was a considerable growth in the higher education application segment in the global education apps market in the past year. The restrictions imposed by the governments of different countries to contain the spread of COVID-19 resulted in the temporary closure of colleges and universities. As a result, these restrictions switched offline to the online mode, which later led to an increase in demand for higher education applications worldwide. However, these higher education apps are further expected to be in demand during the forecast period due to the continuous mutations in the COVID-19 virus, which is leading to more lethal waves of the pandemic.

Companies Mentioned

  • Age of Learning Inc.
  • Alphabet Inc.
  • Duolingo Inc.
  • Edmodo
  • edX Inc.
  • Lumos Labs Inc.
  • MyScript
  • Quizlet Inc.
  • Rosetta Stone Ltd.
  • WizIQ Inc.

The education apps market is fragmented, and market vendors are opting for inorganic growth strategies such as strategic partnerships with local vendors for different courses to maintain their dominance in the market during the period forecast. However, the competition among the existing vendors in the market is high with regard to business expansion, customer base, aftermarket services, and others.

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  • Game-based Learning Market in US: The game-based learning market US has been segmented by product (knowledge and skill-based games, cognitive ability games, and other games), end-user (academic users and non-academic users). Download Free Sample Report
  • K-12 Game-based Learning Market: The K-12 game-based learning market has been segmented by product (subject-specific games, language learning games, and others), school level (middle school level, high school level, and elementary school level) and geography (APAC, North America, EuropeMEA, and South America). Download Free Sample Report

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

$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

Key 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 recovery analysis 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 focuses 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 existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

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