According to a report, the use of Artificial Intelligence (AI) in the education industry will grow by 48 percent by 2021 as the world turns more connected.
The language learning market is accelerating at a strong pace due to the globalization of the economy and the adoption of cost-efficient technology-based products.
With the development of technology and widespread demand for computing concepts has led to the increasing popularity for ERP solutions in other industries like educational institutes.
The potential opportunity of providing Educational Solutions is huge, with reports placing the total sector size at around 1.5 million schools, with over 25% of them being private schools.
The total amount of Foreign Direct Investments (FDI) inflow into the education sector in India stood at US$ 1.42 billion from April 2000 to March 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).
The cloud in education is a huge market worth $5 billion; it is expected to cross $12 billion in 2019, according to a report, Cloud Computing in Education Market – Worldwide Market Forecasts and Analysis (2014-2019) by MarketsandMarkets.
Today, massive amounts of information (books, audio, images, videos) are available at one’s fingertips through the Internet, and opportunities for formal learning are available online worldwide.
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