SEATTLE, Feb. 11, 2014 /PRNewswire-iReach/ -- The worldwide market for Mobile Learning products and services reached $5.3 billion in 2012 according to a new report by Ambient Insight called the " The 2012-2017 Worldwide Mobile Learning Market." The five-year compound annual growth rate (CAGR) is 18.2% and revenues will more than double to $12.2 billion by 2017.
There are 93 countries across seven regions analyzed in this report. 62 of those countries have Mobile Learning growth rates above the global aggregate of 18.2%. There are 22 countries in the world with growth rates above 40%. High growth rates are concentrated in the more dynamic developing countries.
"The patterns in the countries with the highest growth rates are clear," comments Sam S. Adkins, Chief Research Officer. "Six of the top twenty growth rates are in Asia, six are in the Middle East, and five are in Africa. Mobile Learning is now being embraced as an essential strategy to improve education in these dynamic economies."
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"This is the most comprehensive Mobile Learning market report ever published and a milestone in the industry," says CEO Tyson Greer. "Our extensive research isolated five primary catalysts in the global mEducation market: the explosion of Mobile Learning value-added services (VAS), strong consumer demand, direct carrier billing, large-scale tablet adoption, and the growing number of personal learning devices coming on the market. For the fifth year in a row, we have revised our worldwide Mobile Learning forecasts significantly upward."
This is an Ambient Insight Premium report. This report combines all of the content from the regional Mobile Learning reports into one comprehensive report. There are seven regional sections in this report: Africa, Asia, Eastern Europe, Latin America, the Middle East, North America, and Western Europe. Each regional section includes a demand-side analysis and a supply-side analysis for that region.
"In 2012, Asia was the top buying region followed by North America and Western Europe," reports Adkins. "By 2017, Latin America will be outspending Western Europe and will become the third-largest buying region after Asia and North America. In terms of growth, Africa, Latin America, and Asia will have the highest growth rates throughout the forecast period."
In the demand-side analysis, a detailed breakout of revenue forecasts is provided for the top buying countries in each region. The regional and worldwide supply-side sections provide addressable revenue forecasts for five types of Mobile Learning products and services including: packaged content, value added services (VAS), custom content development services, authoring tools and platforms, and personal learning devices (PLDs).
"In terms of aggregated global revenues, the three buying segments that will dominate the worldwide market throughout the forecast period are consumers, academic buyers, and government buyers," adds Greer. "Consumers dominate most of the countries in this report, but not always. Academic and government buyers tend to outspend consumers in countries that have national digitization efforts underway."
Over 915 suppliers competing in specific countries across the planet are cited in this Premium report. This will help international suppliers identify local partners, distributors, resellers, and potential merger and acquisition (M&A) targets.
Media Contact: Sam Adkins, Ambient Insight, 360-805-4298, email@example.com
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SOURCE Ambient Insight