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Artificial Intelligence

AI in Education Market Size To Reach USD 23.82 Billion by 2030 with a CAGR of 38% – Report by Market Research Future (MRFR)

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New York, US, April 06, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “AI in Education Market: By Application, By Deployment Type, By Region till 2030”, the market was valued USD 2.5 billion in2022 and is predicted to thrive substantially during the assessment era from 2023 to 2030 at a healthy CAGR of approximately 38.00% to attain a valuation of around USD 23.82 Billion by the end of 2030.

Key Players 

Eminent industry players profiled in the artificial intelligence in education market report include

  • IBM Corporation (US)
  • Microsoft Corporation (US)
  • Google (US)
  • Cognizant (US)
  • Pearson (UK)
  • Bridge-U (UK)
  • DreamBox Learning (US)
  • Fishtree (US)
  • Jellynote (France)
  • Jenzabar Inc. (US)

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AI in Education Market Report Scope:

Report Metrics Details
AI in Education Market Size by 2030 USD 23.82 Billion
AI in Education Market Growth 38.00% CAGR during 2022-2030
Base Year 2022
Forecast 2023-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Drivers Cost reduction Increased work efficiency Improved IT security in colleges.

Drivers 

Rising Preference for Smart Content to Boost Market Growth 

One significant development in the market for AI in education is the rising preference for intelligent material. At schools & other educational institutions, smart content is becoming more popular since it enables teachers to better comprehend learning platforms, which in turn plays a crucial part in the teaching process. By incorporating gamification approaches, a clever digital content platform offers interactive learning materials, producing a pleasant and realistic learning environment. In order to enable students to practice exercises, get customized content solutions, and get real-time feedback based on their success, businesses are concentrating more on offering smart digital content solutions.

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Opportunities 

Growing Need for Personalized Education Based on AI to offer Robust Opportunities 

The market is expanding for the growing need for individualized education solutions powered by AI. These solutions assist in developing a personalized experience by assisting in a better knowledge of students, their hobbies, educational background, and academic aspirations. In addition to receiving feedback on their progress all through the course, students can create courses that meet their needs.

Restraints and Challenges 

Budget Limitations to act as Market Restraint 

Budget limitations, the lack of awareness, dearth of skilled personnel, and less ICT investments in the underdeveloped regions may act as market restraints over the forecast period.

Market Segmentation 

The global artificial intelligence in education market is bifurcated based on component, deployment, technology, and application.

By application, content delivery systems will lead the market over the forecast period.

By technology, machine learning will domineer the market over the forecast period.

By deployment type, on-cloud will spearhead the market over the forecast period.

By component, service will have the lions share in the market over the forecast period.

COVID-19 Analysis 

The COVID-19 outbreak presented a number of challenges for businesses and organizations, including educational institutions like colleges and universities. To stop the virus from spreading, governments all over the world instituted social isolation laws and lockdowns. As a result, all educational levels—from elementary to universities—moved totally towards online learning management system. Around 1,000 million students across the globe will be affected by the closure of HEIs in 185 countries in April 2020, according to UNESCO. The epidemic hastened digitalization in academic institutions, which has positively impacted industry growth. Demand for the online learning systems has increased globally as a result of the COVID-19 epidemic. The COVID-19 outbreak changed how educational institutions functioned and affected the rules guiding how learners interact with teachers and one another. The rising acceptance of online education is preparing the next generation for job online. Both educators & students must adapt, discover new channels of communication, and exploit already-present but underutilized resources. The use of online learning is rising as a result of COVID-19, creating an opportunity to introduce cutting-edge AI tools such as chatbots & text-to-speech in the classroom. AI in education has benefited from the expanding development of the interactive e-learning systems and the COVID-19.

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Regional Analysis 

North America to Command Artificial Intelligence in Education Market 

In 2021, North America had approximately 35.0% market share dominating the market. The market in the region is being driven by elements including the presence of top organizations that create solutions and services, the technology infrastructure facilities, & the massive number of end users utilizing educational gadgets for AI in education. For instance, the IBM Corporation announced in October 2021 that it would train 30 million people in new skills through more than 170 partnerships with business and academia by 2030. This initiative would help to close the rising skills gap, democratize opportunity, and equip future generations of workers with the knowledge and abilities they need to create a better world. According to estimates, North America made $887 million in sales in 2022, and it is anticipated that it will continue in doing so over the upcoming few years. This is due to the region’s developed educational infrastructure, high priority placed on relieving teachers of administrative burdens, significant investment in educational technology, increased demand for intelligent solutions to boost students’ academic performance in the region, and increased need for personalized learning in classrooms. Additionally, a number of significant players are concentrating more on the academic content such as audio, video, & charts that uses AI to improve students’ knowledge.

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APAC to Have Admirable Growth in AI in Education Market 

During the projection period, Asia Pacific is anticipated to experience the quickest growth. The presence of market participants in the area can be credited with the expansion of the regional market. Ones active in the area include Noodle Factory PTE. Ltd, Baidu, Squirrel AI, TechNode, BYJU’S, and Liulishuo. The main drivers of the market growth include improvements in AI technology, rising government investment and spending, and the adoption of new technologies in the region’s education sector. For instance, the CBSE in collaboration with Intel and the SAFAL evaluation system, announced the AI for Everyone program in July 2021, according to the Indian Prime Minister. A four-hour, self-paced learning program called AI for All demystifies AI in a means that everybody can understand.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Dongfa Group’s Gas Scenario + Digital Twin Technology, Leads the Industry with New AI Trend

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–Highlights of the 2024 Exhibition
SHANGHAI, May 23, 2024 /PRNewswire/ — From May 17 to 19, 2024, China(Shanghai) International Metrology Measurement Technology and Equipment Exhibition was held at the Shanghai World Expo Exhibition and Convention Center. Dongfa Group participated in the exhibition, showcasing its latest research achievements. At the expo, Chairman Liu Ming of Dongfa Group conducted the lighting ceremony and announced the official launch of the “Smart Gas Comprehensive Supervision Platform,” demonstrating the convenience and efficiency achieved through the smart management of municipal gas meters.

Dandong Dongfa (Group) Co., Ltd., established in 1962 and headquartered in Singapore, was formerly known as Dandong Thermal Instrument Co., Ltd. As an integrated group company engaged in research, production, and operations, Dongfa Group is dedicated to the development and application of instruments and meters. Its product range includes IC card gas meters, wired direct-reading remote diaphragm gas meters, wireless direct-reading remote diaphragm gas meters, NB-IoT IoT meters, and ultrasonic gas meters. These products incorporate the technical features of similar domestic and international products, offering high accuracy, reliability, and stability, making the company a leading smart gas meter manufacturer in China.
At the expo, Dongfa Group showcased its Smart Gas Comprehensive Supervision Platform, which integrates AI, IoT, cloud computing, and big data. This platform connects the topological structure of all aspects of gas operations and consolidates all relevant data involved in production management and operation maintenance. This integration enhances the comprehensive research and development and operational maintenance capabilities of the big data governance system.
At the same time, Dongfa Group is empowering comprehensive management and control with digital twins, AI, and big data. By leveraging digital twins, AI models, and 5G technology as data elements, the company is constructing a unified citywide network and a digital twin map of the gas pipeline network. This enables deep integration of AI monitoring, pressure and leakage detection, smart terminals, and other sensing devices with gas operations, ensuring the comprehensive safety and supply of urban gas.
Digital twin gas technology not only provides auxiliary support for pipeline design, but also plays a crucial role in intelligent emergency response and precise distribution. Especially in the operation of gas stations, it enables comprehensive real-time monitoring, intelligent integrated operation scheduling, proactive warning, emergency event command plans, and other effects, thereby improving the efficiency and safety of gas management.
However, there have been numerous incidents of data leakage involving smart AI devices in recent years. Sensitive data is being collected or even sold by malicious actors, leading to the disclosure of confidential information, resulting in significant economic losses and even legal risks.
To ensure the security of both enterprise and user data, Dongfa Group utilizes Digital Envelope technology to encrypt and decrypt data packets during data collection and distribution. This approach combines the advantages of both symmetric and asymmetric encryption technologies for secure information transmission, enabling fast, efficient, and secure encryption and decryption processing for the smart gas digital business sector. This ensures the security and integrity of data during transmission.
Visitors at the expo showed strong interest in the new products and technologies exhibited by Dongfa Group. Dongfa Group has always been committed to driving the development of the smart instrumentation industry through technological innovation. Through this exhibition, the company not only showcased its technical prowess but also strengthened communication and collaboration with industry peers. Looking ahead, they aim to join hands in opening a new chapter in the smart instrumentation industry.
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Artificial Intelligence

QNAP S3-compatible Storage Solution “QuObjects” Certified as Veeam® Ready – Object with Immutability

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TAIPEI, May 23, 2024 /PRNewswire/ — QNAP® Systems, Inc., a leading computing, networking, and storage solution innovator, today announced that its S3-compatible object storage solution “QuObjects” has qualified as Veeam® Ready – Object with Immutability, applicable for QNAP NAS with QTS and QuTS hero operating systems. This certification underscores the reliability of QuObjects as a secure object backup solution for enterprises, enhancing data management efficiency and upmost security.

QuObjects is the S3 object storage solution for QNAP NAS, boasting read/write speeds 20 times faster than conventional cloud services, along with a highly flexible and scalable architecture to ensure efficient transmission and flexibility in object storage. From object service development to demanding workloads like machine learning and data lakes, QuObjects assists enterprises in achieving diverse application needs with higher cost effectiveness.
QuObjects supports Object Lock to ensure data immutability, further safeguarding against ransomware threats, cyberattacks, or human error. Coupled with access controls and authentication features, it provides comprehensive protection for object data security.
Jimmy Tam, Product Manager of QNAP, stated “Data security is critical for enterprises. With QuObjects certified by Veeam Ready – Object with Immutability, we empower organizations leveraging Veeam solutions to confidently opt for QNAP NAS for on-prem S3 object storage and backup, enjoying rapid transmission, extensive scalability, and steadfast security.”
QNAP is the preferred partner for Veeam object backup solutions. Learn more at Veeam Ready Object Partner and QNAP QuObjects- S3 Object Storage.
For more information and to view the full QNAP NAS lineup, please visit www.qnap.com.
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Artificial Intelligence

Tencent Announces Winners of Flagship CarbonX Program to Combat Climate Change

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SHENZHEN, China, May 23, 2024 /PRNewswire/ — Tencent (00700.HK) is awarding 13 exceptional teams that won the first phase of its groundbreaking CarbonX Program, which is aimed at boosting promising new climate technologies. The winners, which emerged from a pool of 30 finalists and more than 300 initial applications, will receive a total of around RMB 100 million (US$14 million) in financial support from Tencent. It showcases the company’s commitment to driving sustainable social innovations in the fight against climate change.

CarbonX was launched in March 2023 to advance the next generation of low-carbon technologies. Tencent has committed RMB 200 million (US$28 million) in catalytic funding over the next three years to innovative ideas that might otherwise languish or fail to gain traction.
CarbonX’s first phase focused on carbon capture, utilization, and storage (CCUS), as well as technology-based carbon removal. These solutions were chosen for their unique ability to curb emissions from hard-to-abate industries such as steel and cement, mitigate the continued reliance on fossil fuels, and reduce legacy emissions created from decades of industrialization.
Backed by Tencent’s mission of Tech for Good and an alliance of like-minded industry partners, CarbonX aims to help these cutting-edge technologies make the leap from the research or early startup stage to commercial scale. The ultimate goal is supporting them in making a significant impact toward the targets outlined in the Paris Agreement, which includes a 45 percent reduction in emissions by 2030 and achieving net-zero emissions by 2050.
Dr. Hao Xu, Tencent’s Vice President of Sustainable Social Value and Head of Tencent’s Carbon Neutrality Lab, said: “Technology innovation serves as the driving force to accelerate our progress toward achieving carbon neutrality. CarbonX program is aimed at fostering the growth of these technologies, driving positive impact across society, and laying the groundwork for a more sustainable future.”
Professor Jerry Yan, Chair Professor of the Hong Kong Polytechnic University and Co-chairman of the CarbonX expert committee, said: “To pave the path for a greener economy, we must champion the development of cutting-edge low-carbon technologies. Just as solar and wind power were nurtured in their infancy, emerging solutions like CCUS and tech-based carbon removal demand our early support.”
The program assembled a panel of experts from academia, industries, and the investor community as the jury, and welcomed submissions from diverse participants across three distinct tracks:
CarbonX Lab: Designed to incubate research institutions, universities, or labs that bring in game-changing climate solutionsCarbonX Accelerator: Designed to accelerate the growth of climate-tech startups that exhibit commercialization potentialCarbonX Infrastructure: Designed to support capacity building to facilitate industry developmentThe finalists comprise four projects from the Lab track, six from the Accelerator track, and three from the Infrastructure track. These projects explore innovative solutions, such as using steel slag to capture and store carbon directly from furnace exhaust, converting CO2 into sustainable aviation fuel and valuable chemicals through electrochemical reactions or microorganisms, and employing new approaches to directly capture CO2 from the atmosphere with the hope of slashing the cost to less than US$150 per ton.
Meanwhile, Tencent is also collaborating with Tsinghua University to develop a comprehensive system of Measure, Reporting and Verification (MRV) tools to accurately gauge progress toward decarbonization.
Aside from receiving financial and advisory support, several projects will also have the opportunity to collaborate with industry partners and test their research beyond the laboratory setting.
Building upon the success of the first phase, Tencent is poised to launch the second iteration of CarbonX globally as early as later this year in pursuit of early-stage climate tech innovation.

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