Artificial Intelligence (AI) in Construction Market, Insights Demographic Segmentation, See Huge Growth by 2027
Market Overview:
Market Research Future (MRFR) expects the Artificial Intelligence (AI) in Construction Market in education market 2020 to be worth close to USD 2 billion by the year 2023. The market’s advancement rate is estimated to be 38% between 2018 and 2023 (review period). We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
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Comparative Analysis:
Significant market vendors include Jellynote (France), Cognizant (US), DreamBox Learning (US), Jenzabar, Inc., (US), Google (US), Bridge-U (UK), Microsoft Corporation (US), Fishtree (US), Pearson (UK), Amazon.com, Inc., (US), IBM Corporation (US), and more.
Some more players who are also trying to get a better position in the global market are Blackboard, Inc., (US), Third Space Learning (UK), Knewton, Inc., (US), Quantum Adaptive Learning, LLC (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), to name a few.
SegmentationOverview:
Segment-wise, the AI in education industry has been considered for deployment, components, technology, as well as application.
The main deployment-based categories that the report provides are on-cloud and on-premise.
The market, depending on component, comprises software as well as services.
The prime technologies covered by MRFR analysts are natural learning process/NLP and machine learning.
The application areas of AI in education are virtual facilitators, intelligent tutoring systems, interactive websites, chatbots and content delivery systems.
Regional Analysis:
The geographical categorization of the AI in education market elucidates Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.
Experts project North America to observe the highest growth in the coming years, as the region is known for fast adoption of latest technologies like artificial intelligence, digital learning, machine learning, and more. North America remains the leader, in terms of technological advancements and innovations, which has been encouraged by the high spending on research and development activities in the tech world. The regional market also receives a boost from the escalating use of AI in intelligent tutoring system applications, for providing enhanced instructions to each individual student.
The artificial intelligence in education market can progress at the fastest rate in APAC, with massive support from fast developing countries like India, South Korea and China. Surge in digitalization, rising internet use along with the rising penetration rate of smartphones are some of the chief enablers of market growth in the region. Favorable government regulations along with increasing spending by public and private sectors to induce development of the education system also promote market expansion here. To cite a reference, Toppr (India) is an AI-based company that extensively deploys AI as well as ML to track the weak points and strong points of the learners with the use of learning records and speeds.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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