NLP in Education Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

The global NLP in education market is anticipated to grow at a CAGR of 22.8% during the forecast period. The market growth is attributed to the technological change happening in education sector. To remain up-to-date educational institutions are continuously updating and incorporating technology into their teaching approaches, practices, and curriculum. In addition, the pandemic has further accelerated the digital adoption, and the parent community has come to understand the value, necessity, potential, and strength of technology in providing a comprehensive education.

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Pedagogy recognizes that the learning process is different for every student at any level, from early education to post-graduation. The pace of student learning is different for each student. Some have special needs that require different teaching methods. NLP and computational linguistics in education involve the understanding of speech and text through software and algorithms to improve, scale, and broaden the reach of education in society. Technologies like chatbots, voice assistants, translators, and many other tools provide support to student in their field of education. New invention in technology are even making learning more fun for students. The release of BERT by Google, marks the beginning of a new era in NLP. BERT is a model that broke several records for how well models can handle language-based tasks. BERT was originally implemented in the English language at two model sizes BERTBASE and BERTLARGE. BERT has already been pre-trained, which means that it has learned the representations of the words and sentences as well as the underlying semantic links that they are related with, in contrast to deep learning neural networks which need very huge quantities of data. BERT can be fine-tuned for certain tasks like sentiment classification on smaller datasets. Latest technological advancement will make learning more and accessible for students. For instance, in March 2023, Amazon and the IIT Bombay announced the creation of the Amazon IIT-Bombay AI-ML initiative. It is a multiyear collaboration that will fund research projects, PhD fellowships, and community events, such as research symposia. It will advance artificial intelligence (AI) and machine learning (ML) within the speech, language, and multimodal-AI domains.

Global NLP in Education Market Report Segment

By Offering

• Solution
• Text-based NLP Solution
• Video-based NLP Solution
• Image-based NLP Solution
• Audio-based NLP Solution
• Services
• Professional Services
• Managed Services

By Model Type

• Rule-based NLP
• Statistical NLP
• Hybrid NLP

By Application

• Data Extraction
• Risk & Threat Detection
• Intelligent Tutoring & Language Learning
• Corporate Training
• Others (Automatic Summarization, Language Learning)

By End-User

• Academic User
• EdTech Provider

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NLP in Education Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Baidu Inc.
• Carnegie Learning Inc.
• Chivox Co.,Ltd
• Cognii, Inc.
• Conversica, Inc.
• Gecko
• Gupshup
• Inbenta
• Ivy.AI, Inc.
• Jio Haptik Technologies Ltd.
• Nice
• Primer.AI
• Revolve. AI

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