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Home»Education»Gamification in Education Market 2021 to 2031: A Booming Industry with a 30% CAGR
Education

Gamification in Education Market 2021 to 2031: A Booming Industry with a 30% CAGR

October 21, 2024No Comments
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The global market for gamification in education is motivating learners to embrace web-based gamification solutions, which are being pushed by the growing usage of digital learning and expanding adoption of cloud computing among enterprises. The rising desire to improve the learning experience for positive outcomes, as well as the use of AR technologies in the gamification education industries, is driving the increased acceptance of digital learning.

NEWARK, DE / ACCESSWIRE / October 21, 2024 / The Gamification in Education Market has witnessed unprecedented growth, valued at USD 1,030.0 million in 2021. This rapid expansion is expected to accelerate further, reaching USD 13,225.2 million by 2031, growing at an astounding CAGR of 30.0% from 2021 to 2031. The increasing demand for engaging and interactive learning platforms, driven by digital transformation across educational institutions globally, is propelling the market forward.

Opportunities are ripe for developers and companies offering innovative gamified solutions. Advancements in artificial intelligence, augmented reality, and data analytics are expected to create new dimensions in the gamification space. The potential to provide real-time performance feedback and adaptive learning experiences through gamification has drawn the attention of educational technology providers worldwide.

Key Takeaways from Market Study

  • The global Gamification in Education Market was valued at USD 1,030.0 million in 2021 and is projected to reach USD 13,225.2 million by 2031.

  • The market is forecasted to grow at a CAGR of 30.0% from 2021 to 2031.

  • Increasing demand for personalized learning experiences is a major growth driver.

  • Technological advancements such as AI, AR, and real-time data analytics are unlocking new opportunities in the education sector.

  • The rise of remote learning and online education has spurred significant interest in gamified education tools.

“The gamification in education market is experiencing remarkable growth as schools and institutions increasingly adopt digital solutions to enhance student engagement and learning outcomes. With technological advancements such as AI and AR, gamified learning is evolving rapidly, offering personalized, interactive experiences that resonate with modern learners.”- opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Component Insights

The Gamification in Education Market consists of various components, including software platforms and services. Software platforms are gaining significant traction due to their easy accessibility, integration with other learning management systems, and ability to track student progress. Services, including customization and consulting, are also in demand as educational institutions seek to implement tailor-made gamified learning solutions. Both components are expected to see substantial growth throughout the forecast period.

Who is the Biggest Vendor of Gamification in Education Market?

Globally, Kahoot! emerges as one of the biggest vendors in the Gamification in Education Market. Kahoot!’s game-based learning platform is widely used by educators and organizations for interactive quizzes, polls, and challenges. Other key players in this space include Duolingo, Classcraft Studios Inc., and Quizlet, all contributing to the dynamic competitive landscape of the market.

Gamification in Education Market: Regional Analysis (2021 – 2031)

Region

2021 Market Size (USD Million)

2031 Forecast Market Size (USD Million)

CAGR (2021-2031)

North America

450.5

5,290.1

29.8%

Europe

247.2

3,190.3

30.2%

Asia-Pacific

201.3

3,940.7

31.4%

Latin America

77.8

960.4

29.1%

Middle East & Africa

53.2

843.7

28.9%

Market’s Prime Determinants of Growth, Trends, and Opportunities

The rising popularity of e-learning platforms and online education systems is a significant growth driver for the market. The COVID-19 pandemic significantly accelerated the adoption of online learning, and gamified tools have proven to be effective in improving engagement and learning outcomes. Trends in the market include increasing integration of AI and augmented reality in gamified learning systems, enabling more immersive and adaptive learning experiences. The potential for microlearning through bite-sized gamified lessons is another growing trend, offering flexibility to learners and educators alike.

Additionally, the increasing focus on skill development in corporate training is providing new opportunities for gamified platforms designed for adult learners. Companies are turning to gamification to boost employee engagement and improve training results.

Key Companies & Market Share Insights

The Gamification in Education Market is highly competitive, with key players such as Kahoot!, Duolingo, Classcraft Studios Inc., Quizlet, and Bunchball Inc. dominating the global landscape. These companies are investing heavily in innovation and expanding their product offerings to cater to the growing demand for engaging and interactive learning solutions. Strategic collaborations and partnerships are also prevalent, helping companies penetrate new regional markets and broaden their customer base.

Growth Drivers

Several factors contribute to the rapid growth of the Gamification in Education Market:

  • The surge in e-learning and remote education due to the COVID-19 pandemic.

  • Increasing investments in edtech solutions and the rising adoption of smart devices.

  • Advancements in AR, AI, and machine learning, enhancing the gamification experience.

  • The growing focus on personalized learning and engagement to improve learning outcomes.

  • Corporate training programs incorporating gamification to boost employee skill development and engagement.

Key Segments

By Solution:

  • Gamification Software

  • Services

    • Professional Services

    • Managed Services

By End User:

  • K-12

  • Corporate Training

  • Universities

By Region:

  • North America

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • UK

    • France

    • Germany

    • Italy

    • Spain

    • BENELUX

    • Russia

    • Rest of Europe

  • East Asia

  • South Asia & Pacific

  • Middle East & Africa

To Gain In-Depth Insights on Market, Browse Complete Report: https://www.futuremarketinsights.com/reports/gamification-in-education-market

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

SOURCE: Future Market Insights, Inc.

View the original press release on accesswire.com

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