Commercial Educational Bot Growth Rates

Ed Bot Market Segments

The revenues for commercial Educational Bots are concentrated in the consumer and corporate segments throughout the forecast period, but the buying behavior is very different in each segment. Corporations tend to use Conversational A.I. bots (both physical and virtual) and consumers prefer physical bots, particularly smart toy bots designed to teach children. The corporate segment has a robust growth rate of 33.5% and the consumer segment has a healthy growth rate of 28.7%.

Source: Metaari

Study Shows Machine Learning Market to Reach $8 Billion

The Global Machine Learning-as-a-Service (MLaaS) market will reach $8 billion by 2023, states Technavio. The research firm has been monitoring the MLaaS market since 2016. What’s more, the market is poised to grow at a CAGR of more than 38% during the forecast period.

Graphic: Business Wire

Metaari tracks the learning technology markets in 122 countries across seven regions. The region with the highest growth rate for Educational Bots is Latin America at 44.7%, followed by Africa and the Middle East at 42.5% and 41.7%, respectively. The growth rate in Western Europe is also quite high at 37.0%.

Source: Metaari

The corporate Ed Bot segment has a robust growth rate of 33.5% and the consumer segment has a healthy growth rate of 28.7%.

Metaari’s 2019-2024 Global A.I.-based Learning Market and 2018-2023 Worldwide Educational Bot Market reports are now available for purchase at Elearning! Magazine’s Premium Research site, http:// www.2elearning.com/research/. In addition, a free Executive Overview of each report is available at the site.