Education Apps Market (CAGR of 27.46%) is Driven by Rise in Educational Startups and Development of Wearable Technologies

Radiant Insights, Inc.

SAN FRANCISCO, December 12, 2018 /PRNewswire/ --

The global Education Apps Market is likely to grow at a significant CAGR of 27.46% during the period 2018-2022. Smart devices enable students to enhance learning skills and develop a highly competent feedback system and facilitate a platform for idea sharing and engaging in process implementation. Education apps market is driven by rise in educational startups and development of wearable technologies. Emergence of cloud and SMART technologies for data procurement and storing options are most likely to propel the market growth during the forecast period. Subsequently, change of culture in education domain witnesses positive acceptance in users. Development of education apps for all age groups stimulates the market development for the forecast period. However, technical issues, low connectivity and inaccessibility are some major challenges in the market development during the forecast period. By type, education apps market is segmented as wearable technology and smartphones. Wearable technology is likely to account for a higher CAGR during the forecast period because of development in technological infrastructure. By application, education apps market is segmented into higher education and K-12 education. Geographically, education apps market is segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America market is likely to grow at a higher CAGR during the forecast period due to user inclination towards quality education and overall development. In addition, the market witnesses changing trends in education domain and rise in focus on wearable technology. Use of SMART devices and ability to integrate with smartphones stimulates the market growth during the forecast period. Asia-Pacific regions are likely to gain a robust growth during the forecast period as the market witnesses phase shift in terms of technology and emergence of various platforms that offer quality education for students of all age-groups. The key players profiled in the education apps market report are Duolingo, Age of Learning, Edmodo, WizIQ, Rosetta Stone, and Lumosity.