Press release
AI in Education Market Progresses for Huge Growth by 2024 |Google, Microsoft, AWS, IBM, Nuance Communication, Cognii, Sofia Labs, PLEIQ
AI in Education Market
With an aim to enhance the affordability and quality of education for all, it has been observed that several leading firms partaking in AI in education market have been collaborating with schools, educational content publishers, universities, and online training platforms in the past few years. The recent partnership effected between Colorado State University (CSU) and Cognii Inc. is a significant instance that aptly depicts the transformation being brought about by AI in education industry across the global learning scenario.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Microsoft
2. AWS
3. IBM
4. and Nuance Communication. However
5. some regional players such as Cognii
6. Sofia Labs
7. PLEIQ
Evidently, the AI in education market is exceedingly delivering positive outcomes while bridging the gaps between learning and teaching. E-learning platforms infused with virtual and augmented reality technologies have contributed heavily to the market growth. The learning platform and virtual facilitators application held 55% of the total revenue in 2017. These applications have provided effective support to learning and knowledge transfer outside the classrooms, across all grades and socio-economic levels, minimizing the dependency of students on parents and teachers who can only be available for limited periods of tim
The global AI in education market has ascended as one of the primary AI application verticals owing to the limitless potential in innovations and ability to accelerate the learning process. Growing reputation of AI applications has created a platform for facilitating the knowledge acquisition and decision-making systems that support the educational institutions in effecting student development. Continuous improvements in technology and the increasing availability of advanced infrastructure has further propelled the AI in education market.
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