Global AI in Education Market: Key Highlights
Global AI in Education Market: Key Market Dynamics
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Global AI in Education Market: Regional Overview
According to the Economic and Social Commission for Asia and the Pacific (ESCAP), the government in the Asia-Pacific region has taking incentives for developing and implementing innovative policies for the AI development in the region. In 2017, China has launched the next-generation Artificial Intelligence development plan which includes research and development, industries, education, and talent development. According to the International Institute of communication, China AI industry has valued USD 3.5 billion by 67% in the same year.
Hence, the growing adoption and demand for artificial intelligence in the region will lead to enhance the market demand in the forecast period.
According to the European Commission, the region is one of the leading edge in Artificial Intelligence (AI) and robotics market. In 2017, the European Commission and 1200 start-up in the region have aims to enhance the public and private investment in Artificial Intelligence in the European Union (EU) to be USD 23.6 Billion by the end of 2020. Also under the research and innovation program Horizon 2020, the commission has increased its annual investment in AI by 70%.
Therefore, the investment and growing demand for artificial intelligence and new emerging technologies in the region will be projected to lead the demand for the market in the forecast period.
Global AI in Education Market: Key Players Overview
Microsoft is a multinational technology company that develops, manufactures, licenses, support and sells computer software. The company is the leading developer of personal computer software systems and applications. In education, AI is transforming and enhancing the learning experience by accelerating, innovation across the institutes. Moreover, in 2019 The Central Board of Secondary Education (CBSE) has announced that it will conduct a capacity building program for teachers in association with Microsoft India which will be focused to integrate cloud-powered technology in K12 teaching.
Pearson is a world-leading company, where the product and services are being used in millions of teachers and learners globally. It is a British owned publishing and assessment service to schools and corporations. The company is improving the artificial intelligence and personalized learning also help people make progress in their lives through learning. In 2019, Pearson announced the launch of Aida Calculus which was the first AI application for the students.
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