Brain training apps are designed to improve aspects of cognition, such as memory, attention and problem-solving. These apps are helpful in reducing the risks of mild cognitive impairment or dementia in older adults and enhancing memory, language skills and mathematics ability in children.
The global Brain Training Apps Market is estimated to be valued at US$ 10962.74 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing awareness regarding the benefits of brain training apps is one of the key drivers of the market growth. Brain training apps help in improving cognitive abilities such as memory, attention, problem-solving and multitasking which leads to better academic performance in children and reduces the risk of age-related cognitive decline in older adults. Various government initiatives aimed at creating awareness about cognitive health and availability of free brain training apps are helping more people to adopt these apps. For instance, the National Institute on Aging, a part of the U.S. National Institutes of Health, conducts various educational campaigns to spread awareness about cognitive health and importance of brain games and exercises.
Segment Analysis
The global brain training apps market is segmented on the basis of application, platform, and region. Based on application, the memory segment dominated the market in 2023 owing to rising cases of dementia and alzheimer's disease among elderly population globally. Memory apps help boost memory, focus and concentration which drives the growth of this segment.
Key Takeaways
The global Brain Training Apps Market analysis is expected to witness high growth over the forecast period of 2023 to 2030. The global Brain Training Apps Market is estimated to be valued at US$ 10962.74 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.
North America dominates the market due to high elderly population, adoption of technology and awareness regarding cognitive decline in the region. The Asia Pacific region is expected to witness fastest growth owing to rising health consciousness, increasing disposable income and growing smartphone penetration in emerging economies of the region.
Key players: Key players operating in the Brain Training Apps Market are Argus Control System, Koninklijke Philips NV, and Lumigrow, Inc. Argus Control System has a wide range of brain training apps for different cognitive functions like memory, attention, problem solving, etc. Koninklijke Philips NV offers brain training through games on its app store targeting various age groups. Lumigrow, Inc. focuses on brain training for kids through interactive games to improve cognition.
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This report studies the Brain Training Apps Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers.
Find the complete Brain Training Apps Market analysis segmented by companies, region, type and applications in the report.
The report offers valuable insight into the Brain Training Apps market progress and approaches related to the Brain Training Apps market with an analysis of each region.
The report goes on to talk about the dominant aspects of the market and examine each segment.Get a Free Sample: https://www.reportsandmarkets.com/sample-request/global-brain-training-apps-market-3861060?utm_source=techsite_medium=14The global Brain Training Apps market segmented by company, region (country), by Type, and by Application.
The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2021-2027.Market Segment by Regions, regional analysis coversNorth America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, Colombia etc.
)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Research objectives:To study and analyze the global Brain Training Apps market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2026.To understand the structure of Brain Training Apps market by identifying its various sub segments.Focuses on the key global Brain Training Apps players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Brain Training Apps with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Brain Training Apps submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.To strategically profile the key players and comprehensively analyze their growth strategies.The report lists the major players in the regions and their respective market share on the basis of global revenue.
