Education - Finland
Finland- The Education market in Finland is projected to experience significant growth in the coming years.
- According to projections, the total revenue in this market is expected to reach US$9.78m by 2022.
- This represents a substantial increase in revenue for the country's education sector.
- Furthermore, the Education market in Finland is expected to show a steady annual growth rate of 10.41% from 2022 to 2027.
- This growth rate is projected to result in a market volume of US$16.86m by 2027, indicating a promising and prosperous future for the education industry in Finland.
- When examining specific revenue streams within the Education market, it is projected that in-app purchases (IAP) will generate US$6.73m in revenue in 2022.
- Additionally, paid app revenue is expected to reach US$865.60k, while advertising revenue is projected to amount to US$2.19m in the same year.
- These figures highlight the diverse sources of revenue within the Education market and the potential for growth in various sectors.
- In terms of user engagement and downloads, it is estimated that the number of downloads in the Education market will reach 4.79m downloads in 2022.
- This indicates a significant demand for educational content and resources within the Finnish market.
- When considering the average revenue per download, it is currently expected to amount to US$2.04.
- This metric provides insight into the value that users place on educational apps and content within the Education market.
- Comparing in Finland to other countries globally, it is noteworthy that United States generates the highest revenue in the Education market.
- In 2022, United States is projected to generate a staggering US$2.68bn in revenue, emphasizing the country's strong position in the global market.
- Overall, these projections and statistics demonstrate the potential and growth opportunities within the Education market in Finland.
- With a steady increase in revenue and a diverse range of revenue streams, the country's education sector is poised for success in the coming years.
- Key regions:
- China,
- Germany,
- Europe,
- South Korea,
- United States
Definition:
The Education market contains apps that enhance the learning process, typically by way of interactive gamified activities. The vast variety of educational content and methods enable people of different ages to increase their skills and knowledge. One of the most well-known language learning apps is Duolingo, which has mastered the art of bite-sized learning and sustains motivation levels via its reward system. Another app, PictureThis, helps users to learn more about the natural world by recognizing plant species from photographs and provides additional information such as plant care.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
