The global NLP in education market size is envisioned to foster significantly, achieving USD 101.5 million by 2024. From 2024 to 2034, demand of natural language processing (NLP) is predicted to soar at a resilient CAGR of 18.3%. By 2034, the natural language processing in the education market is expected to be worth USD 545 million.
The growing need for individualized learning experiences, the need to improve student outcomes, and the rising adoption of AI in education technology trends and ML technologies are likely to contribute to significant global natural language processing (NLP) in education market growth.
The adoption of NLP in education offers considerable opportunities to boost academic achievement, personalization, and student involvement, simplify administrative processes, and cut expenses.
The widespread adoption of NLP solutions in education is constrained by problems such as data security and privacy concerns, the requirement for specialized knowledge and training, and the potential for prejudice in NLP algorithms.
Attributes | Details |
---|---|
Market Value for 2024 | USD 101.5 million |
Market Value for 2034 | USD 545.0 million |
Market CAGR from 2024 to 2034 | 18.3% |
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Attributes | Details |
---|---|
Market Value for 2019 | USD 37.4 million |
Market Value for 2023 | USD 83.7 million |
Market CAGR from 2019 to 2023 | 22.3% |
In the following section, we ought to look in depth at the NLP in education market analysis. Comprehensive studies demonstrate that solution offerings dominate the market, establishing a definite shift towards practical implementations.
Rule-based NLP models have emerged as the leading model types, showing widespread acceptance and success in educational settings.
Attributes | Details |
---|---|
Top Offering | Solution |
CAGR % 2018 to 2022 | 22.1% |
CAGR % 2023 to End of Forecast (2033) | 18.0% |
Attributes | Details |
---|---|
Top Model Type | Rule-based NLP |
CAGR % 2018 to 2022 | 21.9% |
CAGR % 2023 to End of Forecast (2033) | 17.8% |
The following tables exhibit major economies, including China, South Korea, Japan, the United States, and the United Kingdom, focusing on NLP in education market.
A detailed analysis reveals that South Korea sets itself apart, providing an opportunity for expansion and demonstrating the country's capacity for the significant advancement and adoption of Natural Language Processing (NLP) technology in the educational system.
Nation | South Korea |
---|---|
HCAGR (2019 to 2023) | 29.4% |
CAGR (2024 to 2034) | 20.1% |
Country | Japan |
---|---|
HCAGR (2019 to 2023) | 25.7% |
CAGR (2024 to 2034) | 19.4% |
Nation | United Kingdom |
---|---|
HCAGR (2019 to 2023) | 25.7% |
CAGR (2024 to 2034) | 19.3% |
Nation | China |
---|---|
HCAGR (2019 to 2023) | 24.7% |
CAGR (2024 to 2034) | 18.6% |
Nation | United States |
---|---|
HCAGR (2019 to 2023) | 23.2% |
CAGR (2024 to 2034) | 18.5% |
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The landscape of NLP in education market includes various major players promoting innovation and revolution. IBM, Microsoft, and Google stand out as prominent innovators, harnessing their massive resources and experience to determine the trajectory of natural language processing in education.
SAS Institute and AWS bring significant educational technology expertise to the table, providing advanced solutions to address the changing needs of educational institutions. Welocalize, Automated Insights, and Primer.ai contribute to the competitive field by providing specialized services and specialist capabilities that address specific areas of NLP in education market.
As NLP vendors in education continue to collaborate and compete, the market has the potential for tremendous development and innovation. Advances in language understanding, educational content generation, and individualized learning experiences propel the developments in the NLP in education.
Noteworthy Breakthroughs
Company | Details |
---|---|
Yellow.ai | Yellow.ai announced Salem, a new Al-powered educational chatbot for WhatsApp, in March 2023. |
Microsoft | Microsoft launched Automated ML Supports NLP in February 2023, allowing ML specialists and data scientists to leverage text data to develop unique models for tasks such as named entity recognition (NER), multi-class text classification, and multi-label text classification. |
IBM Partner Plus | IBM Partner Plus launched for the first time in January 2023. This new program reimagines how IBM engages with its business partners to increase technical knowledge and accelerate time to market by providing unprecedented access to IBM resources, incentives, and specialist assistance. |
NICE | In December 2022, NICE revealed ElevateAl, a brand-new AlaaS service that gives the developer community access to the capabilities of Enlighten Al, its purpose-built customer experience AI in education technology trends. |
In November 2022, Google announced an ambitious new plan to develop a single Al language model that can handle the top 1,000 languages spoken worldwide. | |
Askdata | Askdata, a data engagement and collaboration platform, was bought by SAP SE in July 2022. The acquisition's primary goal is to aid consumers in making informed decisions using AI-driven natural language searches. |
Apple Inc. | Apple Inc. purchased Inductiv Inc., a machine learning firm, in May 2020. The acquisition is intended to improve the performance of Apple's virtual assistant, Siri. |
The demand for NLP in education to secure a valuation USD 101.5 million in 2024.
The NLP demand in education is estimated to reach USD 545.0 million by 2034.
Through 2034, the NLP sales in education are anticipated to flourish at a 18.3% CAGR.
From 2019 to 2023, the NLP in education market recorded a 22.3% CAGR.
The rule-based NLP sector is predicted to expand at a CAGR of 17.8% from 2024 to 2034.
The solution sector is envisioned to flourish at a CAGR of 18.0% between 2024 and 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Offering 5.1. Solution 5.1.1. Text-based NLP Solution 5.1.2. Video-based NLP Solution 5.1.3. Image-based NLP Solution 5.1.4. Audio-based NLP Solution 5.2. Services 5.2.1. Professional Services 5.2.2. Managed Services 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Model Type 6.1. Rule-based NLP 6.2. Statistical NLP 6.3. Hybrid NLP 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Sentiment Analysis & Data Extraction 7.2. Risk & Threat Detection 7.3. Content Management & Automatic Summarization 7.4. Intelligent Tutoring & Language Learning 7.5. Corporate Training 7.6. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User 8.1. Academic User 8.2. EdTech Provider 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. IBM 19.2. Microsoft 19.3. Google 19.4. SAS Institute 19.5. AWS 19.6. Welocalize 19.7. Automated Insights 19.8. Primer.ai 19.9. Inbenta 19.10. Baidu 19.11. Yellow.ai 20. Assumptions & Acronyms Used 21. Research Methodology
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