Brain training apps aim to help users maintain and enhance their mental abilities through exercises and games based on cognitive functions like memory, problem-solving, attention, language, reasoning, and spatial awareness. Some brain training apps use principles from cognitive science and neuroscience to develop exercises that may help with areas like math, attention, memory, and problem-solving. These apps also provide regular reports and feedback so that users can monitor their progress and improvement over time.
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 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Adoption of AI based Brain Training Apps
The integration of artificial intelligence in brain training apps has accelerated their adoption. AI helps analyze user performance, recognize patterns in cognitive strengths and weaknesses, and customize training programs accordingly. It ensures that exercises are personalized for every individual based on their abilities, performance level, age, and other parameters. This personalized approach makes brain training engaging and more effective. As AI capabilities continue to improve, it will play a greater role in developing brain training content and experiences that can benefit a wide range of users. The customized and engaging nature of AI-powered brain training apps will continue driving their popularity over the forecast period.
Segment Analysis
The global brain training apps market is segmented by platform into Android and iOS dominated the market in 2023. The iOS segment accounted for the largest market share in 2023 as majority of users prefer iPhones which support iOS operating system. iOS gives better interface and security to users for brain training apps. Further, Apple apps are required to meet stricter privacy and security standards which makes iOS users feels safe using these apps on their devices.
Key Takeaways
The Global Brain Training Apps Market Demand is expected to witness high growth during 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 14% over the forecast period 2023 to 2030.
Regional analysis: North America accounted for the largest share of around 35% of the global brain training apps market in 2023. Factors such as strong economy, advanced healthcare infrastructure, high disposable income, and presence of major players in the region drive the market in North America. Europe is expected to witness highest CAGR during the forecast period owing rapid adoption of new technologies and increasing awareness regarding brain training applications.
Key players: Key players operating in the brain training apps market are BSP International Foundations, MAIT S.p.A., Soilmec S.p.A., Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd., Casagrande Group, DELMAG GmbH & Co. KG, Bauer Group, Junttan Oy, International Construction Equipment, and Liebherr. BSP International Foundations dominates the global market owing to its wide range of brain training application for both iOS and Android platforms.
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https://www.newsstatix.com/brain-training-apps-market-size-share-growth-outlooks-2023/
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