Privacy Management Software Market COVID-19 impact Analysis Industry Segments, COVID-19 Analysis, Landscape and Demand

 Market Analysis 

The global privacy management software market size will develop at a healthy 22.8% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Privacy management software, put simply, is specially designed software which is developed for supporting the privacy requirements of an enterprise. Due to the rising number of security breaches and cyber-attacks, several organizations are adopting improved cyber security solutions to prevent the loss of confidential data. This software helps organizations in conducting privacy impact assessments, checking processing activities against needs from privacy regulations, and tracking incidents which result in unauthorized disclosures of personal data (reporting, remediation, investigation). 

Various factors are fuelling the global privacy management software market growth. As per the recent MRFR market estimates, such factors include the growing concern for data privacy, the rising adoption of BYOD (bring your own devices), data protection and governance regulations, the rising number of cyber-attacks, the rigid government regulations over data security, and ever increasing enterprise expenditure for data privacy. The additional factors adding market growth include the improved accountability for ensuring data security, the rise in various laws and privacy rules for data protection, constant research and development activities to bring the needed innovations in privacy management software market, strict government regulations regarding data security, increasing use during COVID-19 pandemic, and rising enterprises spending for data privacy. 

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Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global privacy management software market based on vertical, organization size, deployment mode, and application. 

By application, the global privacy management software market is segmented into reporting and analytics, risk management, compliance management, and others. Of these, the compliance segment will lead the market over the forecast period. 

By deployment mode, the global privacy management software market is segmented into cloud and on-premises. Of these, the cloud segment will dominate the market over the forecast period. 

By organization size, the global privacy management software market is segmented into large enterprises and small and medium sized enterprises (SMEs). Of these, the large enterprises will spearhead the market over the forecast period. 

By vertical, the global privacy management software market is segmented into BFSI, government and defense, healthcare and pharmaceutical, food, beverages, and consumer goods, telecommunication and IT, and others. Of these, the BFSI segment will have the lions share in the market over the forecast period. 

Regional Analysis 

By region, the global privacy management software market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will remain the driving force in the market over the forecast period. The presence of chief vendors in the US, the region being the hub for major organizations across the globe, booming IoT sector, and the expansion of the retail industry are adding to the global privacy management software market growth in the region. The US has the utmost market share. 

In Europe, the global privacy management software market is predicted to hold the second-largest share over the forecast period and at the highest CAGR for EU GDPR as well as other ePrivacy regulations like Privacy and Electronic Communications Regulations (United Kingdom), Telecommunications Service Companies Privacy Regulation (Germany), Information Commissioners Office (United Kingdom), Payment Card Industry (PCI), and Healthcare Information Trust Alliance (HITRUST). They have been issued for supplementing existing laws and regulations regarding data privacy. 

Key Players 

The prominent players profiled in the global privacy management software market report include Bwise (US), RSA Security LLC. (US), PossibleNOW, Inc. (US), MetricStream Inc. (US), LogicGate, Inc. (US), AvePoint, Inc. (US), AURA DIFUSION S.L.(US), SureCloud (UK), TokenEx (US), 2B Advice LLC (US), Proteus-Cyber Ltd. (UK), Protiviti Inc. (US), International Business Machines Corporation (US), BigID, Inc. (US), SIMBUS, LLC. (US), TrustArc Inc (US), OneTrust, LLC (UK), and Nymity Inc. (US), among others. 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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POS Software Market COVID-19 impact analysis, Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

 Market Overview

As per MRFR’s analysis, the Global POS Software Market 2020 was valued at USD 14.10 billion in 2018 and is slated to reach USD 34.77 billion by 2027, expanding at a CAGR of 14.27% during the forecast period, 2020-2027.

Market Highlights

The growing adoption of smartphones , tablets, and other smart handheld devices, changing payment options that include increasing use of credit cards, debit cards , and other digital payment wallets, and government support driving the development of high-speed networks such as 3 G , 4 G, and 5 G are some of the major drivers of POS software market growth. Increasing demand among retailers , restaurants, hotels , resorts, grocery stores / supermarkets and cafés to manage entire business operations such as inventories, sales, customer loyalty and single platform marketing have created a significant demand for POS systems. POS payment gateway software helps companies improve customer engagement, customer satisfaction ratio, and overall customer experience.

Owing to the increasing adoption of contactless payment solutions and the integration of AI technology with the software the market is expected to offer growth opportunities. However, growing concerns regarding data security are a major market restraining factor. Emerging technologies like IoT and machine learning have a major impact on the market for POS software. Some of the recent trends in the POS software market include AI integrated POS software, mobile POS system, customized shopping experience and cloud-based POS software.

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Segmental Analysis

The global POS software market has been analysed on the basis of component, type, deployment, operating system, application, end-user, and region.

Based on component, the market has been bifurcated into software and services.

Based on the type, the market has been divided into fixed POS and mobile POS.

Based on the deployment, the market has been bifurcated into on-cloud and on-premise.

Based on the operating system, the market has been segmented into Android, iOS, and Windows.

Based on the application, the market has been segmented into sales reporting, inventory tracking customer engagement,, purchasing management, and others.

Based on the end-user, the market has been categorized into  BFSI, media & entertainment, retail, transportation, hospitality, and others.

Regional Assessment

The market was segmented by region into North America, Europe , Asia-Pacific, the Middle East and Africa and South America.

At present North America dominates the global market for POS software. For a number of POS software providers the region is an early adopter of new technologies and hub. The U.S. accounts for the largest market share among all the countries in the region, owing to highly qualified skills and research and development capabilities, aiming at developing AI sourcing tools to improve the efficiency of the hiring process, which has guided the country's market growth of POS software. Europe is trailing North America; a significant market share in the global market for POS software is anticipated. Expansion in the hospitality sector across Europe, which increases demand for restaurants, resorts, and other end-users for POS software, is driving the region's market growth.

In the forecast period Asia-Pacific is projected to be the fastest growing region. Rising retail and e-commerce sectors, and government initiatives that support digital payments, are increasing demand for small business POS software. Increasing the use of cloud-based point of sale software has also accelerated the demand for POS software systems in the region. In the Middle East & Africa and South America, the global POS software market is also slated to grow at a considerable rate during the forecast period due to the increasing penetration of smart devices, which increases the demand for post software for pc.

Key Players

The prominent players active in the global market of POS software are Square Inc. (US), Microsoft Corporation (US), Toast Inc. (US), TouchBistro Inc. (Canada), Poster POS (Ukraine), Lightspeed (Canada), Vend (New Zealand), Miva, Inc. (US), Intel Corporation (US), Shopify (Canada), Erply (US), Salesforce.com, Inc. (US), Intuit (US), Bindo POS (US),  GOFRUGAL (Dubai), PAX Global Technology Limited (Hong Kong), Toshiba Corporation (Japan), Panasonic Corporation (Japan), and HP Inc. (US).

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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Pervasive Computing Technology Market COVID-19 outbreak, Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2027

 Industry Insight

The global pervasive computing technology market is prompted to record a healthy CAGR during the forecast period, 2020-2027. The progress in the market can be observed with the rising factors from all corners of the globe.

Top Market Drivers & Key Trends

The underlying technologies such as internet capabilities, wireless communications, sensors, user interfaces, advanced middleware, mobile protocols, networking, artificial intelligence, embedded systems, location and positioning, voice recognition support pervasive computing have made pervasive computing technology more popular. In the present day, pervasive computing is also known as Internet-of-things (IoT), which means connecting everyday objects to networks and devices. These features have made the market recognizable and earned considerable valuation for some years.  

The pervasive computing market is estimated to exhibit high growth potential over the next coming years owing to a surge in demand for smart devices and internet penetration. The pervasive computing market has benefitted end-use industries such as communications, automotive, defense, consumer appliances, healthcare, and E-commerce. Pervasive computing products consist of PDA, mobile phones, Bluetooth handset, camera, web server, watch phone, watch camera, and brainwaves. All these aspects have made the market of pervasive computing technology robust that would also expand in the same way throughout the forecast period. 

Furthermore, the pervasive computing market is also ready to witness surged demand from broken connections, location-dependent data, and limited host bandwidths that can raise the security of pervasive computing, resulting in initiating growth parameters. Despite all these factors, the pervasive computing market might face several technological challenges such as users’ intent, energy management issues, flaws in human-machine interfaces, context awareness, and cyber forage, along with user privacy concerns. From this point of view, MRFR’s study found that the market could witness some hindrances while developing in the forecast period. Thus, the market speed could go slow, as estimated in the forecast period. 

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Segmentation of Market: Pervasive Computing

From the viewpoint of segmental analysis, the global, pervasive computing market is studied among various segments such as components, technology, and application.

Depending on the components segment, the market has included software, hardware, and solutions. Wherein, the hardware is also segmented into sensors & actuators, smartphones,  servers, cameras, communication devices, smart wearable devices (watch phone, watch camera), Bluetooth hands-free, softphone, and the webserver. 

Depending on the technology segment, the market has included WLANs, Wi-Fi, and 3G & 4G. 

Depending on the application segment, the market has included privacy and management, security, information access, mobility and networking, multimedia document retrieval, text retrieval, gesture recognition, speech recognition, and others.

Regional Outlook

From the viewpoint of regional aspects, the global, pervasive computing market has been studied among the key regions of Europe, North America, Asia-Pacific, and the rest of the world.

Emerging countries in the Asia Pacific region, especially India and China, are estimated to fuel demand for pervasive computing owing to expansion in the automotive industry, rising smartphone users, and rising internet subscribers.

North America region is also estimated to acquire the largest share of the market as it is growing at the fastest rate in the present time and would cover maximum share in the forecast period. The growth of the market in North America is attributed to the rising usage of Smartphones among people. North American region is further followed by Europe, where the market of pervasive computing technology is again expected to gain immense growth in the forecast period.

Top Market Contenders

Some of the well-known players in the global, pervasive computing technology market are listed as Tata Consultancy Services Limited (India), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), AT&T Inc. (U.S.), Fujitsu Ltd. (Japan), Hewlett-Packard Company (U.S.), SAP SE (U.S.), E-Tron Co. Ltd (South Korea), Cloudera (U.S.) and Oracle Corporation (U.S.). 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Perimeter Protection Market COVID-19 impact, Trends, Size, Strategy, Applications Analysis and Growth by Forecast to 2027

 Growing Demand from Commercial Sector to Drive Perimeter Protection Market 

The global perimeter protection market is expected to exhibit a strong 13.46% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR). The report estimates the global perimeter protection market’s valuation to increase to USD 276.46 billion by 2027. The report presents detailed analysis of the market’s historical growth trajectory through a detailed overview of the market’s figures through the historical review period. Primary as well as secondary information about the global perimeter protection market’s historical growth trajectory is provided in the report. This provides a foundation for accurate, reliable forecasts about the market’s growth trajectory over the forecast period from 2019 to 2025. The competitive landscape of the global perimeter protection market is also explained in great detail in the report through detailed profiles of the major players operating in the market. Major trends in the competitive landscape of the global perimeter protection market are explained in detail in the report. Key factors affecting the global perimeter protection market are examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global perimeter protection market. 

Perimeter protection has become a major industry in recent years due to the growing threat of attacks and theft for commercial and governmental entities. The increasing sophistication in cross-border infiltration and increasing geopolitical threats have driven the demand for effective perimeter protection and are likely to remain a major driver for the market over the forecast period. Due to increasing geopolitical threats in the Middle East, Africa, and Central America, immigration of refugees and other war-torn peoples to more prosperous countries has increased. This has led to more reliance on illegal cross-border infiltration rather than going through legal means of immigration, which may be full or hostile. Increasing sophistication in illegal cross-border infiltration has led government bodies to invest in strong perimeter protection systems in order to stamp out illegal movement of immigrants. The increasing movement of immigrants across the world is likely to be a major driver for the global perimeter protection market over the forecast period. 

Commercial entities are also likely to be a major consumer of perimeter protection systems over the forecast period. The increasing threat of data theft has led to commercial bodies investing heavily in perimeter protection systems in the last few years. The increasing volume of digital data generated in commercial enterprises and the increasing efforts from commercial bodies to safeguard their premises are likely to be a major driver for the perimeter protection market over the forecast period. 

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Competitive Leaderboard:

Leading players in the global perimeter protection market include Honeywell International Inc., Schneider Electric, Hikvision Digital Technology Co. Ltd., FLIR Systems, Axis Communications AB, Dahua Technology Co. Ltd., Tyco International plc, Bosch Security Systems, United Technologies Corporation, Southwest Microwave Inc., Johnson Controls International plc, Rbtec Perimeter Security Systems, Fiber Sensys Inc., Cias Elettronica, Senstar Corporation, and Puretech Systems Inc. 

Segmentation:

The global perimeter protection market is segmented on the basis of component, end user, and region. 

By component, the global perimeter protection market is segmented into systems and services. The systems segment dominates the global perimeter protection market. The systems segment is further sub-segmented into perimeter intrusion detection systems, video surveillance systems, access control systems, alarm and notification systems, and others, including mobile detection platforms and intruder discouragement measures. Video surveillance systems are among the most widely used perimeter protection systems and are likely to grow in demand over the forecast period. The services sector is segmented into professional services and managed services. 

By end use, the global perimeter protection market is segmented into government and defense, commercial, industrial, residential, and others. The commercial sector is likely to dominate the global perimeter protection market over the forecast period. 

Regional Analysis:

North America is the largest regional market for perimeter protection systems and is likely to retain the position over the forecast period.  

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 https://www.marketresearchfuture.com/reports/perimeter-protection-market-8292

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

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Online Meeting Software Market COVID-19 impact analysis, Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

 Market Overview

The adoption of the concept of online meetings by various organizations is spurring the online meeting software market 2020. The software reports are formed by Market Research Future, which covers market alternatives for progress. A USD 6.23 billion income is forecasted with the market recording a CAGR of 11.1% by 2027.

The surge in the concept of work from home due to the ongoing coronavirus pandemic, the market share of online meeting software is estimated to rise steadily in the impending period. Their surging application in conducting webinars and for web conferencing is predicted to direct the online meeting software market in the forecast period.

Segmental Analysis 

The segmental insight into the online meeting software market has been segmented based on component, organization size, deployment, end-user, and region. Based on the end-user, the online meeting software market has been segmented into IT & telecom, government, healthcare, BFSI, manufacturing, and others. On the basis of organization sizes, the online meeting software market has been segmented into large enterprises and SMEs. The component basis of segmenting the online meeting software market consists of software and services. Based on the deployment, the online meeting software market has been divided into cloud-based and on-premise. Based on the region, the online meeting software market has been segmented into Europe, Asia-Pacific, North America, and the rest of the regions.

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Detailed Regional Analysis 

The regional overview of the online meeting software market includes regions such as Europe, Asia-Pacific, North America, and the rest of the regions. The regional market of North America held the largest share in 2018 owing to the existence of several crucial retailers who are providing many software and services to industries and enterprises for directing online meetings. In addition, the APAC has been the initial adopter of progressive technologies and strong infrastructure in the region, which is one of the influences motivating the online meeting software market. Moreover, the businesses in the region are enhancing new features in the software to protect the meeting data. The US is credited for the largest segment in the region due to the incidence of numerous market companies in the region, such as which are advancing in advance of diverse new features in their software and services.    

Competitive Analysis 

The capability of contenders to influence change in the market is increasing at a stable rate in the impending period. The support from government bodies around the world is rising because the market needs an extra stimulus to achieve normalcy in such a scenario. The disharmony in the forces of demand and supply are estimated to create a slow growth background in the market. Furthermore, the need to adopt a rapid and cost-effective method of operation is estimated to profile the market in the impending period. The emphasis on innovation is estimated to rise in the coming years, as the consumer needs have to be addressed in a better manner to ensure the resurgence of the global market. Also, the need to encourage business to include the environmental impact of their decisions is estimated to shape the progress of the market in future. The need to mitigate losses sustained by the current public health crisis is estimated to be the sole focus of the market contenders in the upcoming years. 

The eminent contenders in the online meeting software market are Nextiva (US), RingCentral, Inc. (US), Amazon Web Services, Inc. (US), Zoho Corporation Pvt. Ltd. (India), Jive Communications (US), Vonage (US), Ooma, Inc. (US), FluentStream Technologies, LLC (US), Zoom Video Communications, Inc. (US), LogMeIn, Inc (US), Cisco Systems (US), Dialpad, Inc. (US), 8x8, Inc. (US), IBM Corporation (US), Microsoft Corporation (US)  among others.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

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Social Media Security Market COVID-19 impact analysis, Research Report by Forecast to 2027

 Market Analysis 

The global social media security market will touch USD 1.9 billion at a 17% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Social media security, simply put, is the process to analyze information security that deals with planning and implementing security measures for protecting the integrity of social media against malware. 

Various factors are fuelling the global social media security market growth. As per the recent MRFR market estimates, such factors include the rapidly adopting social media platforms as a communication channel, strict government regulations and compliance needs, growing security attacks on social media platforms, increasing number of internal security risks such as money laundering, fraud, and cyber terrorism, rising trend of e-commerce, and the increasing need to protect personal and confidential information. The additional factors adding market growth include the rising number of malware attacks through social media platform, increasing use during COVID-19 pandemic, increasing adoption of BYOD trend among enterprises, and the increasing use of social media platforms on smartphones. 

On the contrary, risk associated with social engineering, failure to understand the organizations exact needs, and lack of common laws across countries and cross-boundary location of servers may limit the global social media security market growth over the forecast period. 

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Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global social media security market on verticals, solution, security type, deployment, and organization size. 

By organization, the global social media security market is segmented into SMEs and large enterprise. Of these, the large enterprise will lead the market over the forecast period. 

By deployment, the global social media security market is segmented into on-premise and on-cloud. 

By security type, the global social media security market is segmented into cloud security, network security, endpoint security, mobile application security, and web based security. Of these, the network security and cloud security segment will dominate the market over the forecast period. 

By solution, the global social media security market is segmented into compliance, data security, advanced threat protection, risk monitoring, and others. Of these, the risk monitoring segment will spearhead the market over the forecast period. 

By vertical, the global social media security market is segmented into education, government, healthcare, retail and ecommerce, media and entertainment, IT and telecommunication, BFSI, and others. Of these, the retail and ecommerce segment will have the lions share in the market over the forecast period. 

Regional Analysis

By region, the global social media security market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will lead the market over the forecast period. Key players from Canada and the US spending a large share on R&D of security solutions for safeguarding enterprise data, growing adoption of social media platforms in enterprises to stay connected, the rising penetration of enterprise social media and security challenges related to it such as compliance management and meeting strict compliance regulations, improvements in the internet infrastructure, adoption of social media platforms by large organizations, and the growing trend of social media among organizations for business purposes that is boosting the need for advanced security solutions to secure the data and monitor malicious activities are adding to the global social media security market growth in the region. Besides, the presence of key providers, rapid penetration of enterprise social media, regulatory reforms, the need to monitor the social media activity of employees, and increasing need for organizations to protect their confidential data on social media platforms is also adding market growth. 

In the APAC region, the global social media security market is predicted to grow at a fast pace over the forecast period. Government initiatives supporting the growth of SMEs as they need social media security solutions as they are increasingly adopting social media platforms for advertising, branding, and increasing their customer base, the presence of huge social media user base, and drastic boost in the adoption of social media platforms for business purposes by organizations are adding to the global social media security market growth in the region. 

Key Players 

The eminent players profiled in the global social media security market report include Social Sentinel, Inc. (US), Centrify Corporation (US), Digital Shadows Ltd (US), Hootsuite Inc. (Canada), LookingGlass Cyber Solutions, Inc. (US), SolarWinds Worldwide, LLC (US), Proofpoint (US),  Centrify Corporation (US), Broadcom (CA Technologies) (US), Symantec Corporation (US), Micro Focus (UK), Trend Micro Inc. (Japan), Sophos Ltd (UK), RiskIQ (US), and ZeroFOX (US), among others. 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Artificial Intelligence in Education Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

 Market Synopsis:

Market Research Future (MRFR) expects the artificial intelligence (AI) in education market 2020 to be worth close to USD 2 billion by the year 2027. The market’s advancement rate is estimated to be 38% between 2018 and 2023 (review period). We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.

COVID-19 Analysis

The adoption of the latest technologies has grown significantly following the outbreak of the novel coronavirus. The remote learning practice after the imposition of the lockdown has led to educators making extensive use of tools that are supported by artificial intelligence. However, the AI in education market can be challenged by the financial crunches induced by SARS-CoV-2. COVID-19 has also stopped education institutes from investing in these types of technologies. However, the surge in distance learning during the lockdown era can boost the need for digitized solutions powered by AI, which helps offer automated feedback to the students without the need for parents and teachers.

Technologies like Artificial Intelligence in Education Market that provide real-time data have enhanced the communication between students and their teachers as well as parents. In these uncertain times, artificial Intelligence has complemented MOOC (massive open online courses), by allowing students and educators in remote locations to maintain online classes with no issues. AI chatbots are also becoming a major trend, especially post pandemic. For instance, the University of Murcia (Spain) has been focusing on building an AI-supported chatbots that can answer any query of the student regarding the campus or the study areas.

Significant Companies

Significant market vendors include Jellynote (France), Cognizant (US), DreamBox Learning (US), Jenzabar, Inc., (US), Google (US), Bridge-U (UK), Microsoft Corporation (US), Fishtree (US), Pearson (UK), Amazon.com, Inc., (US), IBM Corporation (US), and more.

Some more players who are also trying to get a better position in the global market are Blackboard, Inc., (US), Third Space Learning (UK), Knewton, Inc., (US), Quantum Adaptive Learning, LLC (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), to name a few.

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Market Drivers and Key Deterrents:

Product innovation and launches are some of the top strategies that players are employing to gain profits and boost their market position. This in turn, also benefits the AI in education market, in terms of growth. To illustrate, in June 2020, IBM launched a free online learning platform called SkillsBuild Reignite for entrepreneurs and job seekers to aid them in reinventing their businesses and careers. This platform consists of more customized teaching and coursework for entrepreneurs that are planning to recover from the COVID 19 hit on their businesses. Some of the courses include business strategy, financial management, legal support, digital strategy, and more.

The surge in multilingual translators that are integrated with artificial intelligence could be an important boosting factor for the market growth. The mounting significance of higher technical education in different professional fields can also benefit the AI in education industry. In this scenario, AI helps the users learn at their own speed and get certified, thereby boosting their career growth.

MRFR study also outlines the artificial intelligence in education market trends, one of which is personalization, which has gained impetus due to the rising use of web and mobile apps that help educate users and give them a confortable experience. For example, Polyup is a well-known online platform that teaches coding and math in an individual and unique way, making it quite popular among IT professionals.

Market Segmentation:

Segment-wise, the AI in education industry has been considered for deployment, components, technology, as well as application.

• The main deployment-based categories that the report provides are on-cloud and on-premise.
• The market, depending on component, comprises software as well as services.
• The prime technologies covered by MRFR analysts are natural learning process/NLP and machine learning.
• The application areas of AI in education are virtual facilitators, intelligent tutoring systems, interactive websites, chatbots and content delivery systems.

Regional Overview:

The geographical categorization of the AI in education market elucidates Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.

Experts project North America to observe the highest growth in the coming years, as the region is known for fast adoption of latest technologies like artificial intelligence, digital learning, machine learning, and more. North America remains the leader, in terms of technological advancements and innovations, which has been encouraged by the high spending on research and development activities in the tech world. The regional market also receives a boost from the escalating use of AI in intelligent tutoring system applications, for providing enhanced instructions to each individual student.

The artificial intelligence in education market can progress at the fastest rate in APAC, with massive support from fast developing countries like India, South Korea and China. Surge in digitalization, rising internet use along with the rising penetration rate of smartphones are some of the chief enablers of market growth in the region. Favorable government regulations along with increasing spending by public and private sectors to induce development of the education system also promote market expansion here. To cite a reference, Toppr (India) is an AI-based company that extensively deploys AI as well as ML to track the weak points and strong points of the learners with the use of learning records and speeds.

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued….

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List of Tables

Table1 Global Ai In Education Market, By Country, 2018–2023

Table2 North America: Ai In Education Market, By Country, 2018–2023

Table3 Europe: Ai In Education Market: By Country, 2018–2023

Continued….

List of Figures

Figure 1 Global Ai In Education Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Ai In Education Market

Continued….

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