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Artificial Intelligence (Ai) In The Education Sector Market size is set to grow by USD 2.32 billion from 2024-2028, Growing emphasis on customized learning paths using ai boost the market, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global artificial intelligence (AI) in the education sector market size is estimated to grow by USD 2.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 52.65% during the forecast period. Growing emphasis on customized learning paths using AI is driving market growth, with a trend towards increased emphasis on chatbots. However, high cost associated with ai poses a challenge. Key market players include 2U Inc., Alphabet Inc., Amazon.com Inc., Brainly, Carnegie Learning Inc., Century Tech Ltd., Cognii Inc., Cognizant Technology Solutions Corp., DreamBox Learning Inc., Fishtree Inc., International Business Machines Corp., Jenzabar Inc., John Wiley and Sons Inc., Kaltura Inc., LAIX Inc., McGraw Hill LLC, Microsoft Corp., n2y LLC, Pearson Plc, and Quantum Adaptive Learning LLC.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Artificial Intelligence (AI) In The Education Sector Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 52.65%

Market growth 2024-2028

USD 2321.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

37.35

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, China, UK, Germany, and Canada

Key companies profiled

2U Inc., Alphabet Inc., Amazon.com Inc., Brainly, Carnegie Learning Inc., Century Tech Ltd., Cognii Inc., Cognizant Technology Solutions Corp., DreamBox Learning Inc., Fishtree Inc., International Business Machines Corp., Jenzabar Inc., John Wiley and Sons Inc., Kaltura Inc., LAIX Inc., McGraw Hill LLC, Microsoft Corp., n2y LLC, Pearson Plc, and Quantum Adaptive Learning LLC

Market Driver

Artificial Intelligence (AI) chatbots are revolutionizing the education sector by providing personalized learning experiences for students. Utilizing AI, Machine Learning (ML), and deep learning technologies, these chatbots store, process, and communicate data to students. They perform various functions, including answering queries, assessing and correcting assessments, and facilitating conversations. Georgia Tech’s Jill Watson, an IBM virtual teacher assistant, is an example of this innovation. Chatbots can identify a student’s study pattern and offer customized learning pathways. They can also help students learn at spaced intervals by repeating old lessons at optimal times. The increasing adoption of online learning models will drive the demand for chatbots in education, creating new business opportunities for vendors.

Artificial Intelligence (AI) is revolutionizing various industries, including Education. AI technology, such as machine learning, computer vision, and deep learning, is transforming how we learn. In the Education sector, AI is used for personalized learning, automated grading, and content creation. The IT & telecommunication industry, Retail & e-commerce, BFSI, and Media & Entertainment industries are leading AI adoption. Large enterprises in the Education sector are deploying AI on-premises and in the cloud. AI is used in Sales & Marketing for student engagement, Supply Chain Management for resource allocation, Human Resource Management for recruitment, Finance & Accounting for financial forecasting, Cybersecurity for data protection, and Legal & Compliance for regulatory adherence. Netflix, Amazon, Anthropic, and others use AI for content creation and recommendation. AI market trends include generative AI, big data analytics, robotics, and chatbots. AI tools like ChatGPT and AI art generators are transforming business models. Autonomous AI, algorithms, and machine learning techniques are driving innovation. Data availability and quality are crucial for effective AI implementation.

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Market Challenges

The implementation of Artificial Intelligence (AI) in the education sector faces significant financial barriers. The high cost of developing, procuring, and maintaining AI solutions is a major hindrance to its widespread adoption. Schools and educational institutions require substantial funding to cover the expenses of installing AI software and the ongoing costs of maintenance. The availability of AI solutions is increasing, but the high research and development costs, capital expenditure, and sustainability risks limit their affordability for many public educational institutions. These financial constraints hinder schools from offering students advanced learning environments and resources, and make it challenging for vendors to enter the market. Consequently, the high cost of AI is expected to impede the growth of the global AI market in the education sector.The Artificial Intelligence (AI) market in education is rapidly growing, with AI technologies like Big Data analytics, robotics, and chatbots transforming the sector. Companies like ChatGPT and AI art generators offer innovative solutions, but challenges persist. The technology roadmap includes business models, autonomous AI, algorithms, and machine learning techniques like natural language processing. Data availability and quality are crucial, with potential issues of bias and inaccurate output. Software and service providers offer solutions, while cloud, network, and security providers ensure infrastructure. Ethical and regulatory concerns, privacy issues, and AI-driven automation in customer service are key challenges. Edge AI and edge computing components like deployment mode, enterprise size, business function, and industry vertical are also important considerations. Hardware, software, and the use of supercomputers and quantum computers with deep learning techniques are part of the technology landscape.

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Segment Overview

This artificial intelligence (ai) in the education sector market report extensively covers market segmentation by

End-user1.1 Higher education1.2 K-12Learning Method2.1 Learner model2.2 Pedagogical model2.3 Domain modelGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Higher education- The global artificial intelligence (AI) market in the education sector is projected to expand at a consistent rate. Universities and colleges worldwide are integrating AI tools to enhance education quality and offer personalized learning experiences. AI solutions, such as IBM’s Watson, are used for automating administrative tasks, reducing costs, and minimizing errors. Grading processes are also being streamlined with AI-driven programs like Gradescope, which allows simultaneous assessment of multiple assignments and provides comprehensive student performance analysis. Federal funding, collaborations, and the growing emphasis on AI-driven virtual assistants and Intelligent Technology Systems (ITS) are key growth drivers for the AI market in education during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Artificial Intelligence (AI) market is witnessing rapid growth, driven by advancements in machine learning and data analytics. In the US education sector, AI’s adoption is transforming learning experiences with personalized education tools, intelligent tutoring systems, and administrative efficiency. The market is projected to expand significantly, with AI enhancing student engagement and outcomes while streamlining educational operations. Key players are investing heavily in AI-driven solutions to address evolving educational needs and improve institutional performance. The sector’s focus on innovative technologies promises continued growth and transformation.

Research Analysis

Artificial Intelligence (AI) is revolutionizing the education sector with its ability to process big data analytics, enhance learning experiences, and automate administrative tasks. AI technologies such as robotics, chatbots, AI art generators, and generative AI tools are transforming teaching and learning. The technology roadmap for AI in education includes the use of algorithms and machine learning techniques like deep learning and natural language processing. Data availability and quality are crucial for effective AI implementation, with potential challenges including bias and inaccurate output. Software providers, service providers, cloud providers, network providers, and security providers are essential partners in this transformation. Computer science education is increasingly focusing on AI algorithms, while supercomputers and quantum computers power advanced research. AI’s business models range from freemium to subscription-based, with autonomous artificial intelligence set to redefine education delivery.

Market Research Overview

The Artificial Intelligence (AI) market in the education sector is experiencing significant growth, driven by advancements in Big Data analytics, robotics, and AI technologies like ChatGPT and AI art generators. The technology roadmap includes generative AI tools, algorithms, machine learning techniques, natural language processing, and deep learning. Business models in the sector vary, with software providers, service providers, cloud providers, network providers, and security providers offering solutions. Autonomous AI and ethical concerns, regulatory issues, and privacy are key considerations. AI-driven automation includes chatbots and virtual assistants for customer service. Edge AI and edge computing are gaining popularity for deployment. The education industry, along with IT & telecommunication, retail & e-commerce, BFSI, and media & entertainment industries, are major adopters. Deployment modes include on-premises and cloud, with large enterprises being the primary consumers. Functions like sales & marketing, supply chain management, human resource management, finance & accounting, cybersecurity, and legal & compliance are also utilizing AI. Hardware, software, and services are essential components of the technology. Supercomputers and quantum computers are powering advanced AI applications. Machine learning techniques, computer vision, and generative AI are transforming education. However, challenges like data availability, data quality, bias, and inaccurate output must be addressed.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userHigher EducationK-12Learning MethodLearner ModelPedagogical ModelDomain ModelGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ez1099-2024-edition-tax-preparation-software-for-2025-tax-season-is-available-for-electronic-filing-302340859.html

SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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