The development of artificial intelligence, voice recognition, GPS and micro-processing technology now supports innovations in both the administration of education as well as learning processes. Chat bots are widely used to assist student choice for providers and courses, while voice enabled hardware is being installed in college dorm rooms to provide personalized information.
Everything you need to know about the Global Education Technology Market in 10 charts
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HolonIQ’s 2019 Robotics in Education Report includes Market Maps and Segments, Growth and Key Players.
The Robotics market in education is forecast to grow from $1.3B to $3.1B to 2025, at which point it will be displaced by Artificial Intelligence.
Of the 5 Scenarios for Education in 2030, Education-as-Usual is least preferred but most likely according to 5000+ educators, entrepreneurs, leaders and investors from 30+ countries who have contributed to the Education in 2030 Project.
HolonIQ’s Annual Report on the State of Artificial Intelligence in Global Education
Education is the key enabler for nations to realize their AI ambitions, yet the shortage of skilled talent remains the number one barrier to innovation.
The HolonIQ Global Executive Panel reports strong early adoption of artificial intelligence, emerging capability building, but still many barriers.
Despite its over-hyped status, below the surface lie five distinct applications of AI in education.
VR adoption gathering momentum in defence training. U.S. government drafts national AI strategy to catch up with China and others. 11 new universities join university blockchain initiative.
Pearson partners with Microsoft and IBM Watson for AI capabilities. Wiley Education Services acquires OPM provider, The Learning House, for $200 Million.
Facebook launches its education site. Tencent invests $300m into Yuanfudau. Apple continues hardware push for education.
8 Chinese companies IPO’d or files on HKEX. HK pivoting away from a financial center to an innovation hub. AI startup SenseTime raises $600 million.
China’s venture capital (VC) investments have grown more than two-fold over the previous year. India is also hitting the strides with new players coming through the ranks.
Asian countries surge ahead in VC/PE investments. Africa’s UNICAF raises $28 million.
AI, VR/AR technologies find increasing traction in defence sector. Institute of Ethical Artificial Intelligence in Education (IEAIED) in the UK is set to examine and address data privacy concerns for AI in education.
Hong Kong steps up efforts for AI push. BabyTree IPOs on Hong Kong Stock Exchange. Game developer NetDragon launches digital education portal.
9 Nov 2018. Four times as many folks prefer ‘Robo Revolution’ over ‘Education-as-Usual’ and they think it’s more likely.
Hong Kong University of Science and Technology (HKUST) to build a new science and tech-focused campus in Guangzhou. Hong Kong’s Science and Technology Park (HKSTP) seeks more EdTechs to its programs.
EdTechs focusing on arts and creative subjects raise funding. Fragmented markets in India and Europe are gaining traction.
AI adoption to flourish in China’s afterschool market. Massachusetts Institute of Technology makes $1 billion investment to setup new AI college.
Additions of new private and international schools likely to cause surplus and outpace demand. School fee regulation favors local institutions.
Global EdTech volume skyrockets in Q3 of 2018. Indian’s only EdTech unicorn raises $100 million. Aggressive mergers and acquisitions activity on the cards in the education market.
Growing number of cyberattacks on EdTech companies and institutions. Kidsense launches automatic speech recognition technology targeted for the benefit of children. VR acceptance on the rise.