MONROE, Wash., Nov. 30, 2020 /PRNewswire-PRWeb/ -- Sam will present key findings from Metaari's new report called, "The 2021-2026 Worldwide AI-based Learning Market". According to the report, the five-year compound annual growth rate (CAGR) for the global AI-based Learning market is a robust 32.8% and revenues will more than quadruple to $34.9 billion by 2026. The report will be available December 7, 2020 on the Serious Play Conference site.
The free webinar is being hosted by the Serious Play Conference on Wednesday, December 2nd at 7 p.m. EST – 4 p.m. PST.
Register Here:
https://seriousplayconf.com/sign-up-for-the-sam-adkins-webinar/
"The market conditions are very favorable for suppliers," reports Sam S. Adkins, chief research at Metaari and author of the report. "The major revenue opportunities are in the corporate segments and the federal government agencies across the planet. The revenues are heavily concentrated in North America and the Asia Pacific. While China is the largest buying country in the Asia Pacific region, the US is the largest buying country in the world by a large margin. The most lucrative revenue opportunities are in the US throughout the forecast period."
The demand is high and the barriers-to-entry are falling fast. Suppliers no longer have to develop expensive proprietary AI but instead "rent" AI from cloud-based AI vendors (like IBM Watson) and buy relatively inexpensive premade and pretrained components in the growing number of online marketplaces. Startups are now able to get to market very quickly.
Metaari has revised our AI-based Learning revenue forecasts significantly upward from previous forecasts. The rapid uptake of AI-based Learning coincides with the rapid evolution of AI technology in general. The competitive landscape is fundamentally different than it was a little over two years ago.
"Legacy suppliers are 'buying their way in' via acquisitions of AI-based Learning startups," comments Adkins. "The major compelling pattern in the recent M&A activity is the growing number of acquisitions made by very large educational publishers and the technology giants."
Very large education publishers like Wiley, McGraw-Hill, Pearson, Houghton Mifflin Harcourt, Daekyo, Elsevier, Follett, Cornerstone, VitalSource, and Course Hero have all acquired AI-based Learning startups in the last two years. Tech giants like Apple, Google, Medtronic, Microsoft, SAP, and IBM have scooped up AI-based Learning startups as well. These companies are tapping the massive revenues in the booming AI-based Learning market and have effectively "bought their way in". Intense M&A activity is often a sign of consolidation but that is not the case (yet) in the global AI-based Learning market.
"Well-funded startups are coming on the market at a steady pace," comments Adkins. "Hundreds of new AI-based Learning suppliers have entered the market since 2018. More than half (59%) of the 700 suppliers cited in this report have obtained private investment in the last two years. What is interesting is that a large number of these startups have obtained additional rounds in 2020. These are unmistakable leading indicators."
A breathtaking $10.6 billion was invested in 406 AI-based Learning companies in 2020. Eight of the top ten funded AI-based Learning companies were US companies.
There are six 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. There is also an appendix with Metaari's definition of AI in general and AI-based Learning in particular and an index of over 700 suppliers.
The supply-side analysis provides five-year revenue forecast breakouts for three types of commercial AI-based Learning products and services: retail pretrained packaged AI-based Learning units, custom development services, and AI-based Learning authoring tools and platforms. Packaged content revenue is further broken out by ten content categories and platform revenues are broken out for nine distinct tool types.
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 126 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, location intelligence, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.
Media Contact
Sam Adkins, Metaari, +1 360-805-4298, [email protected]
SOURCE Metaari
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