Surging Impact Of Artificial Intelligence (Ai) Technology In The Education Market Outlook : Ken Research

The artificial intelligence technology has become a significant tool for enhancing a user-friendly decision-support system and is broadly used in the sectors of language translation and knowledge acquisition applications. Moreover, the major knock of this technology is witnessed by the education market and the applications of this technology in this sector are unmeasurable. According to the report analysis, ‘Education Market Research Reports Consulting’states that the adoption of cloud facilities among the educations institutions also operates the artificial intelligence in the education industry. The technology of cloud computing enabled the institutions in developing their existing infrastructure with the latest technology without any increase in their capital costs. Whereas, in the last few years, the technology has obtained a significant level of experience due to the rise of AI and development in machine learning algorithms. Therefore, this technology has revolutionized this market.

From building education more reachable to students with smart devices and computers to allowing institutions to decrease the time spent on tedious task and expanding the time spent on each learner. Moreover, the global artificial intelligence industry in education sector is anticipated to grow at as CAGR of 43.5% during the period of 2018-2022. The AI has a huge potential in automation and decreasing the amount of time on tedious tasks. Furthermore, on the basis of applications the educational institutions are using simulation and the AI technology to encourage students to improve their learning experience as well as improve and gain knowledge. According to the report analysis, ‘ EDUCATION INDUSTRY RESEARCH AND MARKET REPORTS’ states that with the growing trend this technology is gaining tractions of virtual classrooms and virtual teachers and the key players of this technology are introducing open online facilities and courses platforms that serves free educations to the global audience. Not only has this, by the end use of this technology the higher education sector accounts for more than 50.0% share in the AI in education industry. As the higher education organizations are moving to artificial intelligence technology more significantly to assist them with career path options for students, course recommendations, administrative assistance and others. Hence, numerous public and private colleges and universities are admiring advanced educational facilities and fueling the growth of the AI technology in the education industry more significantly. Moreover, it is anticipated that the key players are functioning in this market more effectively which increase the competitiveness and make the users more beneficial.

The artificial technology is able of finding difference in the curriculum based on how learners actually perform in the tests which significantly more appropriate for determining the student performance by indication key weak areas where students need performance and transfer this record to the teacher who in turn can aim their attention to these weak segments. On the basis of competition the AI technology in the education industry is highly competitive because of the presence of start-ups and multinational companies. Moreover, the developed regions are also using this technology in the numerous institutions whereas, the underdeveloped countries are also showing efforts in the installation of this technology into the various organizations and educational institutions.

The google, IBM, Microsoft are the multinational companies which are dominating the market more significantly and make the market more competitive. Therefore, in the coming years, it is expected that the AI in education market playing significant role and will lead the market growth over the decades with the more innovations.

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Dynamic landscape of artificial intelligence (ai) technology in the education market outlook : Ken Research

The technology of artificial intelligence (ai) in the industry of education is playing outstanding role as this technology is has a wide potential and make more accessible to students with the computers or smart devices. The ai technology is to motivate the students to enhance learning capacity as well as capture and enhance knowledge. Ai can operate personalization, efficiency and streamline admin tasks to enable teachers the time and liberty to serve understanding and flexibility – individually human capabilities where machines would suffer. According to the report analysis, ‘education market research reports’ states that the ai will enable a level of differentiation that’s not possible for a teacher who has to maintain 30 students in each class. By holding the best feature of machines and teachers, the sight for this technology in education industry is one where they work jointly for the best productivity for learners or students.

In the recent trend, the students will require doing efforts in a future where ai is the reality, it is dominant that our educational organizations expose students to and use the technology. Moreover, there are numerous companies which include carnegie learning and content technologies which are presently enhancing intelligent instruction design and digital stages that use ai to serve learning, testing and others. Furthermore, the technology of ai identifies the difference in knowledge and suggesting to new topics when appropriate. On the basis of model, the learner model dominate overall 60.0% share in the ai technology in education industry in 2017 as this model essentially forecast the knowledge of learners which includes the emotional state of student, achievements, previous failures and their engaging potential in studying or learning new things. Moreover, the adaptive learning technology is being used by market leaders for redirecting the digital content and enhancing the content as per the learners’ need and the potential of this technology are also being unsegregated into the learning stage to teach learners in tracking their potential and different learning process. According to the report analysis, ‘education industry research and market reports’ states that the potential of ai technology to help the children when they are fighting at home with homework or other test preparations. The ai technology has many applications which make the education market more effective which includes more development of smart content, a new way of personal development for educators with the help of virtual global conference and others. This technology has turned up this market with the more development in the technology.

On the basis of region, the north america is the leading region of the artificial intelligence technology in the education industry with over 60% share across the globe. However, the europe is also expected to grow at a significant rate in the forecast period. Moreover, the asia pacific region is also showing significant efforts in the ai technology which is most important for acquiring a handsome amount of share in the education market. Blackboard, microsoft, ibm, google are the major leading players across the globe which are significantly collaborating with the educational organizations and institutions. Therefore, in the coming years it is expected that the market of education sector will grow more significantly over the decades.

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Existence Of Numerous Technologies In The Europe Education Market Outlook : Ken Research

Europe is among most developed country across the globe as it has high standard of living and enables seniority of educational facilities at unimportant prices which are counted amid the best across the globe. Moreover, the technologies is playing crucial role in the Europe education industry as with the advanced technology, teaching and learning of things is become more easy for the learners. Undoubtedly, everyone realize the importance of education in lives everyone in the recent trend. Therefore, the advancement in the technology in the education sector lead the market to expand more significantly. According to the report analysis, ‘Education Industry Research And Market Reports’ states that the modern trends such as smart classes, chrome books, cloud computing, google classroom and others are the leading technologies which lead the market growth to education industry in the Europe. Moreover, the government schools are also converted into the google classrooms which are better than traditional way of teaching and for learning the things.

The Europe is one of the main technical monster around the world and done the extensive usage of technology in the education thereby improving the education system for adduce. Moreover, the usage of Chrome books are the most developed technology which is introduced by the Google around the world and in the Europe region, the classrooms are majorly setup with the installation of google chrome book. This technology has turned up the education industry in the Europe with the more upgrading technologies related to specifications of the Chrome Books. As the EasyCorrect will soon introduce Education Word to simplify the assignments activities for both students and teachers. Moreover, Lix Technologies offers e-Textbooks and notes for higher education across the globe but it is observed that this is majorly serving in the Europe region. According to the report analysis, ‘Market Research Reports For Education’ states that numerous key players are working in this sector and sharing so many stages with the numerous applications in the cloud computing technology as this technology is also very much prominent in the Europe education market and in the recent trend it become a significant tool in the education. Moreover, the Europe education industry has shown stable magnification due to significant development in the applications of the technologies.

In Europe’s economy the technologies has operating the market growth and anticipated that this region is going to acquire handsome amount of share in the education industry with the more advancement in the technology. Additionally, the existence of various key players the industry will become more attractive and competitive and with this competitiveness the market is meeting with more investors as they are going to support the market financially. Moreover, the EasyCorrect generated a plugin for MS Word and Google Docs which is being used by millions of teachers across the globe. Whereas, with the further development in the technology the Europe is going to cater huge market share followed by Asia Pacific region. Therefore, it is anticipated that in the near future the Europe education industry will grow over the decades with the more innovations.

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Positive Change In The Landscape Of Asia Pacific Education Industry With The Introduction Of Learning Apps : Ken Research

Education industry is rising more significantly in the Asia Pacific region with the more development in the technology. In addition, the key players are doing effective job for making this market more attractive and profitable whereas, in the ancient time this industry was not so developed and innovative but in the recent trend, this industry is gathering more attraction and views significantly with the development in the technology and introduction of new innovative techniques for transforming the education industry. According to the report analysis, ‘The Market Research Reports For Education’ states that in Asia Pacific region the usage of mobile phones is on high even in the underdeveloped area, schools and governments are significantly increase leveraging mobile learning through different learning apps to broaden access to education. Not only has the learning apps having so many applications due to which the growth of the market increase significantly in the forecasted period which make the market more competitive as the key players are blending with the other IT companies which are effective in doing innovations in the learning apps.

There are some region where the learning apps are playing significant role in the Asia Pacific education industry more attractive and competitive which includes China, India and Indonesia are among the top purchasers of mobile learning apps technology across the globe. Moreover, in the present era, the electric school books are also available on the smart devices for students to access through an application developed by local startup. The learning apps not only in the Asia Pacific region but across the globe changing the way we teach and learn at a rapid speed. Hence, to make learning more innovative and pleasure with technology the thought of learning apps establishment in the world. According to the report analysis, ‘The Education Industry Research And Market Reports’ states that Southeast Asia is benefiting from the significant adoption of learning apps, as information technology helps compensate for shortage of teachers and study materials. The BYJU’S is one of the India’s foremost education learning app which more significantly driving the market as this app uses a combination of gamification techniques to keep students engaged on its app. For instance as the students have become more anxious during their exam time so this is presented as game at the same to the students that’s why the users engagement is much higher due to positive reinforcement.

The advancement in the learning apps have proven their growth to all the potential users of every field and the applications are easily amendable boosting self-learning habits. Asia Pacific region is now the fastest growing in learning apps education market across the globe with outright leadership in a number of key areas, including social based learning and games based learning. Moreover, the entire framework in the Asia Pacific region, UI and UX of such apps is quite engaging. In the Asia Pacific region government is also supporting the idea of learning apps extremely for growth in the education industry. Therefore, in the coming years it is expected that the learning apps in the Asia pacific education industry will grow immensely over the decades.  

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Education Market Research Report : Ken Research

Education Market Research report describes education which is a continuous and lifelong process of development from infancy to maturity. It includes the effect of everything which influences human personality. Human behavior is modified and improved through educational process. Life without education is meaningless. It is the process of training and developing the knowledge, skill, mind, character etc. it is of three types; formal education, non-formal education and informal education. Formal education is delivered by trained teachers within a school, college or university. Non-formal education (NHE) is any organized educational activity that takes place outside the formal educational system. Some characteristics of NHE are flexibility, non-authoritarian and enhance human & environmental potentiality. Informal education occurs outside of a structured curriculum e.g. teaching by parent, friend etc.

Education is of four types on the basis of study of knowledge such as liberal education, professional education, technical education and vocational education. Liberal Education is an approach to learning that empowers individuals and prepares them to deal with complexity, diversity, and change. A liberal education helps students develop a sense of social responsibility, as well as strong and transferable intellectual and practical skills such as communication, analytical and problem-solving skills, and a demonstrated ability to apply knowledge and skills in real-world settings.  Nowadays many disciplines in sciences and social sciences are also included under liberal education as they develop the power of mind. Additionally professional education is adding special competencies over the professional practice such as archivists, librarians, teachers, nurses, engineers and doctors.

Vocational education training provides career and technical education to the interested students. Some examples of vocational education are medical assisting, office management skills, word processing applications and food & beverage management etc. Technical education provides knowledge about modern technologies.

There are many advantages of education. It creates awareness, expands our visions, develop a discipline life, enable to earning livelihood etc. It is the key to gender equality and women empowerment. There are also some drawbacks of education such as restriction of personal thoughts and discrimination. The people who have more degree or experience have thoughts that they are ahead of everyone. And also the marks or grade system creates difference from smaller age in the children. So, education should be thought as the subject matter not as a competition. Education makes people restrict their own ideas in the process of learning.

Nowadays online education is one of the easy methods of getting education. It is widely opted by millions of students from all around the world. It is the way of education by which a student can learn by sitting at home with the help of computers and mobile. Many videos, documents, ppts, tutorials of education are available on internet. By online education, student can do more than one course at a time in a relaxed and comfortable manner. Top websites for online education are coursera, edx, futurelearn, udacity, saylor academy, open2study, iversity, cognitive class and udemy. There are some challenges faced by the use of online education with no face to face interaction and requires the high amount of reading skills & hard work. Online education is developing primarily due development of technologies like studyblue, flashnotes, papertab, leap motion, celly, chromebooks, lessoncast, knewton, glogster edu and livebinders etc. These technologies have helped in evolving the education area and have changed the learning way of students.There are many of factors adding growth in the online education are perceived convenience, increased reach and personalization offered by online channels.

In India, best education companies are edukart, edugorilla, embibe, meritnation, careerguide, wiziq, toppr, vedantu, educomp, culture alley and nayidisha. There are also some apps of education on internet such as Toprankers, Byju’s, Prozo, Equickers, NCERT solution, Simplilearn, Gk for all, English to Hindi dictionary offline and vocabulary. Globally, best education companies are ABC English, Alison, Ambassadors group, Crick software, CTC trainCanada, ECC, DeVry education group, ecollege, Grovo, Globalscholar, Knewton, Lernia and Prepme etc.

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Learning Apps: Gateway To Ingenious Minds Market Outlook : Ken Research

Being rightly said, “Investment in knowledge pays the best interest.”

Education sector is one of the prominent industry in the world because of the (I) pressures from globalization; (ii) changing supply of and demand for higher education; and (iii) changes in higher education funding. These various challenges determine the development and implementation of various innovative practices to address them. Technology is changing the way we teach and learn at a rapid speed. So, to make learning more interactive and fun with technology the idea of learning apps introduced in the world. One of the great aspect of having tablets, laptops, and desktops in the classroom is the availability of educational learning apps.  Educational Market Research Report Says with these apps students can individually learn, practice, study, and have fun with different subjects, concepts and theories.

NEW ERA: Education Revolution

There are apps to help manage time, convert measurements, lead healthier lifestyles and for fun but a good percentage of apps are by natural education. Students are acquainted to all the apps that contribute towards enhancing their knowledge and skills yet entertain them as well. They are:

Ø  One stop solution -Learning apps saved the hassle to Google everything; they became the platform to undertake any course, any subject, acquire any skill without actually going anywhere. They are accessible anywhere, anytime and on any form of device. Students don’t have to worry about missing any relevant point and could skip irrelevant information which is already known to them.

Ø  Organized and trackable- Application learning is highly systematic, technical and of the smartest way to learn in today’s era. The entire framework, UI and UX of such apps is quite engaging. The organized functioning of these apps makes it simple and easy to track the lost documents from its storage.

Ø  Entertaining and social- The entertainment level of these apps enhance the learning experience for the students generating more active and interactive participation. They ameliorate interest on subjects like math, physics etc which students usually despise.

Ø  Beneficial for all- learning apps have proven their worth to all the potential users, teachers and even parents. Teachers use them to organize their course or make learning fun and interactive for students. Notes stored in the application are easily amendable boosting self learning habits and enticing the budding learners more than mundane classroom.

Educational Industry Analysis states that duolingo is one of the most popular learning app with over 100 million downloads, followed by Photomath with over 50 million downloads and there are others like quizlet, Socratic, edx, meritnation and Byju.

FUTURE PROSPECT/ CONCLUSION

State government of Rajasthan, India launched ‘Dishari’- an educational mobile application that provides free study material for youths preparing for competitive examinations. The app feature interactive quizzes with question related to mathematics, general knowledge, current affairs, computers, reasoning and economics. In the city of Lahore, Pakistan, UNESCO runs a project where they use SMS text to distribute educational context to students in disadvantages area. USA and Europe government is supporting learning apps immensely for growth in education sector.

All these innovative methods of teaching help to identify the true capability and potential of students whilst enjoying videos and subjects taught through games and graphic rather than lengthy texts. They are flexible and are expected to reach the pinnacle in the foreseen future.

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Emergence Of Ai In Education Industry Market Outlook : Ken Research

The introduction of artificial intelligence in technology has proved to be disruptive in almost all industries. Major impact of this technology is witnessed by the education sector. This disruptive technology is being integrated into the education industry at both institutional and course level. The Education Business Review suggests that global artificial intelligence market in education sector is expected to grow at a CAGR of 43.5% during the period of 2018-2022. The applications of this technology in this sector are innumerable. From making education more accessible to students with computers or smart devices to enabling organizations to reduce the time spent on tedious tasks and increasing the time spent on each student, this technology has revolutionized this market.

Artificial intelligence has great potential in automation and reducing the amount of time on administrative tasks. As education moves away from a rote learning to more dynamic modes the concept of learn-as-you-like especially among remote learning courses has emerged. Entire courses via virtual modes can be delivered via this technology and can even reply to certain standardized queries relating to the course. The most tedious and time consuming tasks the teachers have to go throw is grading. This is a major zone where the AI can assist organizations. Currently, AI technology powered devices are capable of grading only objective answer sheets but as AI develops, it shall soon be able to assess subjective answer sheets as well. Artificial intelligence powered bots have been introduced in Georgia Tech University, where bots reply to certain common and pre determined questions without the students knowing that they do not communicate with a human being. The AI is capable of finding gaps in the curriculum based on how students actually perform in the tests. For instance is most of the students are not able to answer a particular type or question, the AI will correlate that to the curriculum and find whether the particular topic was actually missing from the course or not. It shall then assist teachers to provide better student material or learning techniques. This technology can monitor student performance indicating key weak areas where students lack performance and convey this record to the teacher who in turn can focus their attention to these weak areas. Education Market Research Reports Consulting is of the view that today every kind of student from advance students to students with special needs requires access to same kind of education. Keeping this in mind, AI can adapt to individual student requirements making learning a lot more meaningful experience for the students.

The AI technology introduced in Georgia tech university (USA) has been backed by IBM’s technology. Some established companies working under this domain are Microsoft, Quantum Solutions, Pixatel, and Nuance Communications. Many new startups have gained entry into the booming industry such as elemental path, querium corporation, metacog, jellynote and fishtree. The competition in this sector is expected to remain tense due to a high CAGR with startups trying to gain a piece of the market share.

The institutions across the globe are witnessing the future of the education industry due to the introduction of this advanced technology. It is expected to improve the way lectures are conducted in classrooms and reduce administrative tasks considerably. Plus, this technology will save millions in cost for institutions and allow them to appropriate its fund to key matters paving the way for operational effectiveness and efficiency.

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Smart Education Devices To Dominate Traditional Education Systems : Ken Research

Education is an integral part of the public sector. Globally, information and analysis on the education market plays an important role for both government and commercial organizations. Education Market Research Reports provides insights into trends, changes, projections, and opportunities across the education market on a global scale. Global education industry is experiencing rapid expansion due to government support, technological advancements, increasing enrolment ratios and increasing awareness of adult education. Almost all the developed nations provide sophisticated education, while the developing nations provide primary education. Governments in developed countries provide more support to their education sector compared to the developing countries. This is due to high availability of resources in the developed nations such as advanced technological educational tools.

Now-a-days, education institutions are investing more in software solutions than in technology hardware. M-learning, Bring Your Own Device and virtual reality are gaining popularity. Education technology is enabling student-centred education, while lectures are becoming project-and inquiry-based. Global educational institutions are also investing heavily to provide teaching staff and competitive salaries for professional courses such as law, engineering and medicine. The major motivators in the education market are the ageing population and increasing middle-class along with increasing education resources.

The introduction of digital era has created a paradigm shift in the traditional education market. Consumers are adopting formal and informal learning methodologies that are driving the growth of the education market. These new trends initiated the smart education systems on a global front. The smart education market has many hardware providers who are introducing various educational devices. These smart devices support various activities in the education sector such as teaching, learning or operations. Majority of the educational systems have deployed iPads and tablets for teachers and students.  Document cameras, interactive whiteboards, projectors, and 3D printers are used in advanced learning. With the integration of these devices in traditional classrooms, global education system has become more flexible. Smart education systems provide more support along with institutions so as to promote any type of learning environment, such as flip classrooms, virtual classrooms, experiential, and collaborative learning, which is propelling the growth of the smart education market. Majority of the global smart education systems are provided by Blackboard, Cisco Systems, Instructure, Pearson, and Samsung.  

The major challenges in education market are the online training resources, programs and even mobile applications. Therefore, successful educational service providers are benefitting with the use of the latest technology. These tools help students to learn in new and exciting ways and also help providers to manage students, administrative functions and source material distribution more efficiently. According to Education Industry Analysis, majority of the education revenue comes from tuition or program fees depending on geographical location and subject matter. The education industry is not limited to tutoring school age kids in subjects such as maths or science but also in childcare, early education, career education, art, dance, adult language, test preparation and even driving. The education market is anticipated to grow at a steady rate over the next few years because various educators are utilizing various online platforms in teaching and learning methods with the help of advanced educational technology.

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Global Interactive Textbook Market Research Report : Ken Research

Overview:  The global market for interactive text books is expected to have significant growth reaching a value of over USD 1.1 Billion by the year 2021 with a CAGR of about 17% for the period 2017-2021.  Interactive textbooks are also known as digital textbooks or eTextbooks which are an extended form of eBooks or digital books and it include elements of interactivity in addition. eBooks are only the digital version of printed textbooks. The global interactive textbooks market encircles vendors, such as publishers, ed-tech solution providers, and content creators, who are offering interactive textbooks to institutions. The market is expected to witness major growth owing to higher rates of adoption in the upcoming years owing to increased reliance and functionality of technology, advanced software which is expected to create more sophisticated platforms for learning and increasing levels of customization for students. Over the past 5-7 years interactive learning has grown from being simulated video students see on a computer to actual games, simulations and challenges they solve individually thanks to the availability of mobile devices. Learning based platforms and applications have made individualized interactive learning a possibility. The current trends even indicate a large number of educational institutes offering iPads or tablet devices for students to carry with them that store their information,  manage the platform based student dashboard, and update the students on the situation of their coursework and any important announcements that occur. While all these features make it easy to centralize their digital school life on a device, the main benefit for students through the usage of this technology is the vast library of interactive textbooks and learning based tools which are designed to make learning and education entertaining and fun. Technology has made learning, into more of a game than ever and has boosted student’s learning satisfaction. Students enjoy this method of learning and a large number of them have begun to adapt this kind of learning as opposed to class room based learning as evidenced in various Education Industry Market Research Reports. While North America is the largest market in terms of value, the fastest growing market is expected to be the Asia Pacific region

Competition Scenario: As interactive textbooks are an emerging industry and the content delivery system is still developing, most of the market is split between a handful of content providers working to gain prominence in the education market. Vendors in this market are making such textbooks available either for free or through rental agreements and the pricing mechanism of these textbooks is either based on per chapter or monthly and yearly subscriptions. The major players of the market are – Apple, Houghton Mifflin, Harcourt, McGraw-Hill Education and Pearson Education. The other prominent vendors in the market include Metrodigi, Cambridge University Press, John Wiley & Sons, Oxford University Press, and Vital Source.

Key Drivers: The major drivers propelling the growth of the Interactive Textbook market are:

§  Increased student engagement: The availability of advanced platforms allows teachers and developers to create superior methods of content delivery which allow students to learn through a device which is gaining increasing popularity among the student population. The application of devices also allows for interactive assessment exercises that students are able to take and includes multiple games like puzzles, crosswords and interactive experiences which could not be replicated in a conventional textbook the way they are on the device.

§  Rise in use of interactive textbook creation tools: The growing popularity of interactive text books and their increased adoption with technology providers has led to a growing interest for developers to design education based applications and platforms which help students learn in new ways. The increase in suppliers of the educational content has multiple benefits for consumers- the first being that more competition usually signals a lower price which is beneficial as most providers work on a subscription based model. Second being the growing rate of innovation allows developers and providers to use new ways of delivering the same concept

§  Alignment with education standards: More and more students prefer using a platform as it is a centralized point of knowing everything that they need to with reference to their academics and important updates. A majority of universities have some sort of Enterprise Resource Platform which allows students to check their own profile and its details along with checking the important news for the university, check their own academic performance and the integration of analytics helps the universities track and assist the student performance for optimum solutions which are designed to optimize the performance of the student. These factors are beneficial and more so desired by students today.

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Global Educational Market Outlook Report : Ken Research

Overview: Recent Education Market Research Reports estimate that the global educational market will be one of the fastest growing markets owing to increased penetration of internet and growing device based accessibility to educational material. As per recent research conducted for the white house report, the education market for the United States alone is estimated to be worth around USD 1.3 Trillion as of late 2016 with a majority of the expenses being made towards the K-12 sector with roughly USD 670 Billion and the Higher education sector taking the second largest expense level of approximately USD 475 Billion. There are about 100,000 public schools, 30,000 private schools, and roughly 4,000 charter or other schools in the K-12 space in the U.S. Education is one of the most significant expenditures to the Government in the U.S and is of high importance, contributing about 9% to the GDP in 2017, it is the second biggest individual market in the U.S, right behind healthcare. Although the market size is large, U.S is one component of the total global educational market which has grown from its value of USD 2.5 Trillion in 2005 to over USD 4.4 Trillion as of 2017. The market is expected to experience high growth rates for the upcoming years as well with a major investment made into EdTech (Educational Technology).

E Learning: The global market for online education has an approximate size of USD 160 Billion as of 2017 and is expected to grow at a rate of 29% for the period 2017-2023. There is massive growth in the Education Technology sector caused by increasing availability of online platforms, higher rates of adoption of technology and growing student based customization offering convenient and effective education to students. The Industry for online education is increasing rapidly with investment into Educational Technology growing year on year. The investment into educational technology is growing with an investment of USD 8.1 Billion in the United States alone for the year 2017. There has been growing investment in China as well with 2017 investments in Educational technology toppling USD 1.2 Billion.  Research estimates the Educational Technology Device market to be worth about USD 18 Billion with the total market to be worth USD 275 Billion by the year 2020. By 2025, the global market for E learning is expected to be worth USD 325 Billion with a medium to high growth across different segments. By component, the hardware market is expected to grow with a 27% CAGR. By product type, the content market is expected to grow at 28% CAGR from 2017 to 2023. By application, the market for higher education is expected to grow with a CAGR of 26.71%. Geographically North America dominates the market in terms of value and size followed by Europe although the Asia Pacific is expected to be the fastest growing market.

Trends:   The most significant change that is expected to occur is the shift of the classroom form physical to online. There are a majority of online based correspondence and distance courses that exist in a large number of universities today and the number is expected to grow with an increase in courses and better quality material over the upcoming years.  There is also an expectation of integrating artificial intelligence and machine learning into the Educational Technology platforms which would provide students with greater customizability and personalization on their courses for better and more effective learning. The rapid growth of platforms is bringing about the Software as a Service (SaaS) model integration into education. Although the largest customer base is in the K-12 Sector, higher education is expected to be the major contributor in terms of customer value and for revenue to the market. There is also an expected increase in the innovations being used for educational purposes with the entry of game changing technology like Artificial intelligence and virtual reality into the learning environment for students and skilled professionals. The final major trend that is expected to boost the growth of the education market is the entry into the sub sector of adult education which is forecasted to be the biggest in terms of opportunity owing to a complete lack of competition in the sector.  These developments are expected to boost education into one of the most critical sectors of economic development globally

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Global Educational Apps Market Research Report : Ken Research

Introduction: The global educational applications market is one of the fastest growing markets in the sector of technology as well as that of education. The technology improvements over recent years leading to increased computational power and higher graphics capability have led to interactive and game changing solutions for learning and education which were not viable before. The integration of technology into everyday lives is increasing rapidly with more devices offering increased application . The massive growth of the market is being driven primarily through the major adoption of mobile devices and the widespread connectivity of the internet. The increasing internet accessibility provided by growing internet connectivity in rural and developing regions has grown the level of access that consumers have towards educational material. The growing adoption of using smart devices has led to a rapid growth in the demand for applications in all categories, the level of uneducated population being higher in rural areas, there is major demand for educational platforms which provide content ranging from school based material to that of higher education and even professional technical courses. This has caused the primary boost for the educational applications market

Market Scenario: The global market for educational applications is expected to have a major growth in the upcoming years with the market forecasted to grow at a CAGR of 27% for the period between 2017-2022 with the American market forecasted to grow at a slightly higher rate of 28.5% for the same period. The increasing  interest in game based learning has led to the edu-gaming category being the biggest contributor by category in the educational application market with educational applications being worth approximately USD 3.2 Billion in 2017 and forecasted to more than double to USD 8.1 Billion by the year 2022. This is expected to boost the market for educational applications significantly forecasting a total market size of over USD 20 Billion based on Education Industry Analysis  . The key emerging market is expected to be the Asia Pacific region with highest demand forecasted from China and India with the Indian e Learning market alone forecasted to be worth USD 2 Billion. The market growth by content is primarily expected to be driven by the demand for higher educational courses ranging from high school to college based courses which would involve a major amount of thinking, preoperational work and problem solving but would provide students with technical expertise which is expected to increase the probability of employment prospects for developing regions as well. This has led to a larger market value for higher learning courses even though primary learning is expected to have the largest user base for educational apps

Opportunity:  The major opportunity in the educational application sector is the chance for increased technological advancement leading to more sophisticated educational platforms which can replace conventional schooling. Current emphasis has been made on customized learning which is expected to generate personalized curriculum and topics for students based on their level of interest for topics and the extent of their learning. Implementation of artificial intelligence combined with machine learning is expected to bring about a revolutionary change in education allowing students real time evaluation of their learning experience and their capabilities, Secondarily the implementation of Augmented and Virtual reality is expected to redefine the experience of learning for students and to improve the experience even for professional training allowing individuals to experience components of their job first hand in a simulated environment. These factors for technological integration present a major opportunity for technology that can be integrated into education and for companies looking to education based analytics which would be able to generate custom solutions for learning. Currently the market is filled with a variety of applications providing content for learning subjects in primary education upto highly technical subjects with apps like Edmodo, Khan academy, Udemy and more offering learning and some offering a certification of the students ability post completion of the online course,there is still opportunity for companies that can either customize the learning methodology, improve the experience or offer specialized education leading to the global educational apps market being a high potential technology market

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https://www.kenresearch.com/education-and-recruitment/education/SC-99-81.html

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