LONDON--(BUSINESS WIRE)--The education apps market is expected to grow by USD 46.88 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the education apps market in optimistic, probable, and pessimistic forecast scenarios.
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The education apps market will witness a Positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Education Apps Market Participants:
Age of Learning Inc.
Age of Learning Inc. operates its business under programs segment. The company offers programs such as ABCmouse, Adventure Academy, and ReadingIQ.
Alphabet Inc. operates its business under Google and other bets segments. Socratic is an education tech that offers AI enabled mobile app for students.
Duolingo Inc. operates its business under products segment. Duolingo is a platform that includes a language-learning website, and language courses (such as Spanish, French, German etc.) and application
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/education-apps-market-industry-analysis
Education Apps Market 2020-2024: Segmentation
Education apps market is segmented as below:
- Higher Education
- North America
- South America
The education apps market is driven by the growing demand for STEM-based apps. In addition, other factors such as rising preference for wearable technology is expected to trigger the education apps market toward witnessing a CAGR of about 26% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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 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 opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.