Educational Apps Market: Introduction
- Education apps are the platform that is designed for learning. The main advantage of educational apps is anybody can access it from any part of the globe, with a good internet connection, smartphone or PC.
- Education apps comprise a digitally interactive education platform for learners and permits parents or professors to path a student’s development flow in the field of education.
- Educational apps offer an extensive variety of eBooks, virtual practice tests, audio and video lectures etc., along with one stop solutions such as online fee payment, attendance management, and live interactive classes with animation and 3D effect to make it easy for students to learn new concepts
- In most regions across the world, learning is being converted into a digital platform with the help of modern technology where students can learn from experts in the relevant field. The penetration of internet, smartphones, and electronic gadgets contribute to the growth of the educational apps market.
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Educational Apps Market: Key Drivers
- Growing demand for online education system and increasing consumer spending on digitalization is expected to drive market growth of educational apps.
- The educational institutes are adopting advance learning systems and software solutions to enhance the educational experience of students is expected to boost the market demand for educational apps.
- Education apps allows parents and teacher to track the progress of students or children, and solutions provider are offering educational contents with gamification to increase the awareness of edutainment module among the end users.
- The increasing penetration of smart devices among the students to design their own learning courses and content is expected to generate the revenue opportunity for solution provider of educational apps.
Impact of COVID-19 on the Educational App Market:
- Increasing cases of COVID-19 across the globe is causing in economic slowdown, during this pandemic. Rigorous lockdowns across numerous countries resulting in temporary closure of education institutes is in turn boosting the demand for educational apps across the globe. The market growth in 2024 is likely to escalate compared to the market growth in 2024.
North America to Hold a Major Share of the Educational App Market
- In terms of region, the educational app market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- The educational app market in North America is developed as compared to all other regions and the companies are also working on technologies which can make education apps more interactive.
- The educational app market in the APAC region is expected to expand at a prominent pace during the forecast period. Many mid-sized and startup businesses are raising funds and investing in the development of more interactive education apps due to the high demand in the region, subsequently, improving the educational apps market.
Educational Apps Market: Competition Landscape
Several local, regional, and global players are active in the education apps market with a strong presence. Rapid industrial progressions have created noteworthy prospects in the market. Players in the market are constantly aiming on developing technology advanced solutions for their customers.
Key Players Operating in the educational apps market include:
- Lumosity, Inc.
- Age of Learning, Inc.
- Duolingo, Inc.
- Edmodo, Inc.
- Rosetta Stone, Inc.
- BenchPrep. Inc.
