Education App Market | Growing Demand for STEM-based Apps to Boost the Market Growth

The global education app market size is poised to grow by USD 46.88 billion during 2020-2024, progressing at a CAGR of about 26% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Education Apps Market 2020-2024 (Graphic: Business Wire)

With the growing number of job opportunities in STEM fields, the coming years will observe a rise in the number of students opting for STEM subjects. This will subsequently drive the need for STEM-based learning apps. This will be one of the primary factors that will fuel the growth of the education app market during the forecast period.

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Report Highlights:

  • The major education app market growth came from higher education segment. Institutions in the higher education segment are increasingly using education apps for assessments, distribution of educational content, sharing of schedules, and other activities. Many students have begun showing keen interest in downloading and using activity tracking apps embedded with learning analytics as these apps play a vital role in providing data-backed information that can improve the overall learning activity. As a result, the growth of the education apps market share by the higher education segment has been significant.

  • APAC accounted for the largest education app market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The wide learning base in countries such as India, China, and Japan, the advances in technology in the education sector, and the high adoption rate of education apps will significantly influence education apps market growth in this region.

  • The education app market is fragmented. Age of Learning Inc., Alphabet Inc., Duolingo Inc., Edmodo Inc., edX Inc., Lumos Labs Inc., MyScript, Quizlet Inc., Rosetta Stone Ltd., and WizIQ Inc. are some of the major market participants. To help clients improve their market position, this education app market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the education app market 2020-2024 is expected to have Positive an Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Rising Preference for Wearable Technology will be a Key Market Trend

The rising preference for wearable technology has been identified as one of the key educational apps market trends. The