Market Analysis
Game-Based Learning
- The growing demand for STEM-based apps will offer immense growth opportunities.
- The education apps market growth will increase by $46.88 billion during 2019-2024. (Technavio. , 2020)
Prodigy Game Education follows key Game-Based Leaning/ Remote learning models that will sustain market growth:
- "Education apps offer various benefits such as lower cost, flexible schedule, self-discipline, eco-friendly, less time consuming, and among others, that led to the increasing adoption of these apps, which propels the growth of the education apps market."
- "The worldwide e-learning market is estimated to be worth $398 billion in 2026. That is a 300% boost from 2015’s 107 billion."
- "Educational apps can adapt content and challenge to align with the current knowledge and abilities of individual players. Content can grow more challenging as learners do well on an app or decrease in challenge when learners appear to consistently struggle (e.g., answer incorrectly multiple times in a row), using preprogrammed algorithms"
(Rupa,2021)
References:
- Callaghan, M. N., & Reich, S. M. (2018). Are educational preschool apps designed to teach? An analysis of the app market. Learning, Media and Technology, 43(3), 280–293. doi:https://doi.org/10.1080/17439884.2018.1498355
- Rupa, S. (2021). Game-Based Learning. Gamified Classrooms. http://game-on-education.weebly.com/game-based-learning.html.
- Technavio. . (2020, November 25). The Education Apps Market to grow by $ 46.88 bn in 2020: Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024: . Retrieved from Business Wire. : https://www.businesswire.com/news/home/20201125005345/en/The-Education-Apps-Market-to-grow-by-46.88-bn-in-2020-Industry-Analysis-Market-Trends-Market-Growth-Opportunities-and-Forecast-2024-Technavio
- The Insight Partners. (n.d.). Education Apps Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (Pre-primary education, Primary and secondary education, Higher education) and platform (IOS based. Retrieved from The Insight Partners: https://www.theinsightpartners.com/