The global market for Affective
Computing is projected to reach US$131 billion by 2025, driven by growing
awareness over the real importance of emotion in advancing the capability of artificial
intelligence (AI) technology. Given that human decision making processes is a
complex combination of cognitive functions and emotional, also known as affective
functions, machines will need to understand and respond to human emotions in
order to function effectively, efficiently and safely alongside humans. Emotional
intelligence is therefore the next logical step in the evolution of AI based
machines in order to help humans fully realize the many benefits of the
technology. Few the factors which indicate affective computing as ripe for
commercial growth include rapid proliferation of AI and the continuous quest
for emotionally responsive AI for a more natural interaction between humans and
machines; need for emotion-detection and emotion intelligence becomes more
important than ever as AI robots and assistants take over more and more of
human functions in education, industry, healthcare, and day to day living. Read More…
The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022
Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
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