LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global education apps market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global education apps market will grow at a CAGR of over 27% during the forecast period. The growing demand for STEM-based apps is a major factor driving the market’s growth.
The increasing job opportunities in STEM fields are encouraging students to choose STEM subjects and inspiring learners to install STEM-based education apps, which can prepare them for the job market. Both the developing and developed countries around the globe are emphasizing on improving STEM education systems because of the growing opportunities in these streams. Also, the increasing number of projects on STEM subjects is creating demand for STEM-based apps. As apps involve video learning that includes the use of tools and the process of working, they help students in understanding the basic concepts. Thus, emerging app developers are investing in creating numerous apps for the STEM segment
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the growing focus on wearable technology as one of the key emerging trends in the global education apps market:
Growing focus on wearable technology
Wearable technology in the education industry plays an important role in engaging students and improving the focus on learning. Wearable technologies enhance the 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 subjects. The audio and video files can be viewed and stored anytime. The option of storing data in the cloud has encouraged users to adopt wearable devices, which facilitate learning through apps. The ability of wearable devices to integrate with smartphones and other electronic gadgets has increased their penetration in the global education apps market. Furthermore, these devices help to monitor learning and the results of the same. The increasing innovation and growing investments by companies in wearable technology are expected to drive the growth of the global education apps market.
“Smartwatches help learners in learning foreign languages and engage learners in games to help them learn the subject effectively. Therefore, the growing technological advances in wearable devices will encourage the growth of the market,” says a senior analyst at Technavio for research on education technology.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global education apps market segmentation
This market research report segments the global education apps market into the following end-users (higher education and pre-K-12) and key regions (the Americas, APAC, and EMEA).
The higher education segment held the largest market share in 2017, accounting for nearly 61% of the market. The market share of this segment is anticipated to decrease by nearly 3% by 2022. But, this segment will dominate the market throughout the forecast period.
The Americas was the leading region for the global education apps market in 2017, accounting for a market share of almost 42%. This region will dominate the global market throughout the forecast period.
Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 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 opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
