Artificial Intelligence (AI) in Construction Market, Growth 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.
Segmentation
Overview:
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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