The Global Educational Robot Market is in a Boom Phase
SEATTLE, Dec. 4, 2018 /PRNewswire-iReach/ -- Revenues for Education and Training Bot products and services will more than quadruple to well over $4 billion by 2023 according to a new market report by Metaari called "The 2018-2023 Global Education and Training Bot Market". The current market is in a boom phase and the revenue opportunities are abundant in every region of the planet.
"This is the most comprehensive report on the global Education and Training Bot market ever published," comments Sam S. Adkins, Metaari's Chief Researcher and author of the report. "We identify over 500 companies operating across 122 countries. Startups continue to come on the market at a rapid rate and are attracting significant amounts of private investment. The report provides forecasts for both physical robots and virtual bots."
The major global catalysts across the planet include a spike in private investment, the growing use of robots to coach people with special needs, the high consumer demand for robots designed to teach kids coding, the growing use of bots in the academic segments, the uptake of social companion tutoring robots, the availability of sophisticated AI-based bots (particularly self-learning conversational AIs), the rapid uptake of customer advice robots in the corporate segment, and the use of guide robots in museums, airports, hotels, corporate lobbies, and tourism sites.
The report has 171 pages, 21 forecast tables, and 10 figures. The report's organizational license is available for $2,475.00 USD.
To obtain a free Executive Overview of this report and to get ordering information, email: [email protected]
There are four sections in this report: an overview of the global market conditions, an analysis of the major catalysts driving the market, a demand side-analysis, and a supply-side analysis. The analysis of the catalysts provides a detailed discussion of the major catalysts driving the global Educational Bot market.
The supply-side analysis provides revenue forecasts for three products and services: retail robotic units (both physical and virtual), custom development services, and Education and Training Bot authoring tools.
The demand-side analysis breaks out five-year revenues forecasts for seven international regions and by six buying segments. Five-year forecasts are provided for seven regions: Africa, Asia Pacific, Eastern Europe, the Middle East, Latin America, North America, and Western Europe.
"The global Education and Training Bot market is in a state of flux characterized by rapid advancement in technology, exponential innovations, and the avid adoption by all the buying segments," reports Adkins. "The barriers-to-entry are rapidly getting lower primarily due to new business models such as Robotics-as-a-Service (RaaS). The market conditions are very favorable for suppliers."
The demand-side analysis includes five-year forecasts for six buying segments: consumers, PreK-12 schools, tertiary & higher education institutions, local/state/provincial/prefecture government agencies, federal government agencies, and corporations & businesses.
The report identifies six distinct types of Educational Robots: robots designed for Robot-Mediated Behavior Intervention (RMBI) therapy for people with special needs, early childhood learning tutoring robots, STEM and language learning tutoring robots used in the two academic segments, information guide robots (used in public venues, exhibitions, tourist attractions, airports, banks, hospitality and retail outlets, government offices, and virtual helpdesks), companion elderly-care cognitive therapy robots, and self-learning AI-based tutoring bots.
"This report identifies specific buyers by company name and their location providing suppliers with potential sales leads," comments Adkins. "This provides invaluable insight on the top buyers across the globe, the types of Education and Training Bot products they buy, and the suppliers that are meeting the demand from these buyers."
In the current global market, there is a very large (and growing) consumer demand for Educational Robots for young children and a strong corporate demand for informational bots. Educational Robots designed for young children are approaching a mass market phase. Robots designed to teach children to code are now in high demand in all the developed economies.
"Prices for components are falling at a steady rate and robotics technology is advancing at a rapid pace. Perhaps the most significant innovations are the use of facial and speech recognition, emotion detection, and conversational artificial intelligence in robots," adds Adkins. "AI-based Education and Training Bots range from smart toys, to personalized customer assistance robots, to emotionally-aware therapeutic robots. In general, the more advanced programmable AI bots (both physical and virtual) and bots designed for behavior modification therapy are still quite expensive. But even these products are falling in price."
About Metaari
Metaari (formerly Ambient Insight) is an ethics-based quantitative market research firm that identifies revenue opportunities for advanced learning technology suppliers. We track the learning technology markets in 122 countries. We have the most complete view of the international learning technology market in the industry. Metaari focusses solely on advanced learning technology research on products that utilize psychometrics, neuroscience, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.
Media Contact: Sam Adkins, Metaari, 360-805-4298, [email protected]
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