Early Education Machine Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global early education machine market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The rise in government policies and initiatives regarding early education is one of the key factors driving the growth of the market. For instance, in July 2020, the Ministry of Education released the National Education Policy, where schooling begins with the inclusion of Early childhood care and Education (ECCE) from age 3. The policy states "Universal Provisioning of quality childhood development care and education must thus be achieved by 2030. Moreover, UNICEF had supported the implementation of recommendations under the NEP 2020 to support children's access to quality foundational learning from pre-primary which includes the revision and development of early childhood curriculum and school readiness program in partnership with NCERT, civil society, and private sector.

Further, in July 2021, Union Minister for Education launched a National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN), for ensuring that every child in the country attains foundational literacy by grade 3, by 2026-2027. This initiative is focused on children in age group 3 to 9 years including preschool to grade 3.

Moreover, The San Diego Foundation and the Dr. Seuss Foundation had announced $1.0 million in total funding for the 2022 Early Childhood Initiatives Equitable Opportunities grant. This grant supports non-profit organizations to build the region's resilience by increasing equitable access to educational opportunities and supportive services for young children. Thus, such initiatives and government policies are anticipated to fuel the demand for the global early education machine market.

Looking toward the demand for early education machines, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, Miko 3, an AI-powered robot for children had been launched in India. Miko3 is claimed to meet the educational and developmental dynamics of children aged 5 to 10 years. The miko3 speaks eight languages and is equipped with a touchscreen. Further, in July 2021, Amazon India launched Machine Learning Summer School to assist students to learn new skills. Thus, such launches are anticipated to drive the growth of the global early education machine market.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Fisher-Price, Flashstory, and Hongen among others

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Global Early Education Machine Market Report by Segment
By Type
•Reading
•Singing
•Others
By Application
•Under 1 year
•1-2 Years

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.