IBM (US) and Microsoft (US) are leading players in NLP in Education Market
The global Natural Language Processing (NLP) in education market size is projected to grow from USD 99 million in 2023 to USD 228 million by 2028, at a Compound Annual Growth Rate (CAGR) of 18.1%. The rising demand for efficient language learning, the urge for predictive analytics to reduce risks and identify growth opportunities, and the evolution of AI and deep learning will drive the market.
Key and innovative vendors in the NLP in the education market include IBM (US), Microsoft (US), Google (US), AWS (US), SAS Institute (US), Inbenta (US), Baidu (China), Welocalize (US), Yellow.ai (US), NICE (US), ABBYY (US), Automated Insights (US), Width.ai (US), Revolve.ai (Islamabad), Primer.ai (US), Carnegie Learning (US), Gecko (US), Ivy.ai (US), Attivio (US), Conversica (US), Avaamo (US), Aylien (Ireland), Haptik (India), Gupshup (US), Sensforth.ai (US), Chivox (China), and Cognii (US).
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IBM is a global technology and consulting firm that provides consulting, hosting, and infrastructure services. Cloud and Cognitive Software, Global Business Services, Global Technology Services and Systems, and Global Financing are the four main business divisions that the corporation uses to conduct its operations. Because it is Al-compatible, IBM Cloud has become the preferred platform for all corporate applications. It is a unifying platform that unifies IBM's capabilities into a single architecture and covers both public and private cloud platforms. The organisation is able to meet the needs of various enterprises throughout the world thanks to this strong cloud platform.
Microsoft, a well-known international leader in information technology, offers software and a variety of licencing options. The business creates and supports software, services, products, and equipment. Operating systems (OS), cross-device productivity apps, servers, business solution apps, desktop and server administration tools, software development tools, and video games are among its product offerings. Additionally, the business creates, produces, and markets gadgets like PCs, tablets, gaming consoles, other intelligent devices, and related accessories. It provides a variety of services, such as cloud-based solutions, consulting services, and solution support. Microsoft is a leader in the development of analytics platforms and offers service production for the intelligent cloud with Al infusion.
2015 saw the establishment of Google's parent company, Alphabet Inc. As one of the most recognisable brands in the world, Google's product developments contribute to a growth in the use of its services. Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube are just a few of the company's key platforms and products, and each one has over one billion active users each month. The business invested in infrastructure, security, data management, analytics, and artificial intelligence in addition to creating a platform on the cloud. The clients of the organisation is distributed throughout a variety of industries, including the automotive, BFS, retail, and e-commerce, education, energy, engineering, entertainment, environment, food & beverage, government, healthcare, manufacturing, media, telecommunications, and IT, transportation, and travel & hospitality.
Related Reports:
NLP in Education Market by Offering (Solutions and Services), Model Type (Rule-based, Statistical, and Hybrid), Application (Sentiment Analysis & Data Extraction, Intelligent Tutoring & Langauge Learning), End User and Region - Global Forecast to 2028
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