Education

Artificial Intelligence Certification Courses – Market Drivers and Trends by Technavio

LONDON–(BUSINESS WIRE)–Technaviomarket research analysts forecast the globalartificial intelligence (AI) certification courses market to grow ata CAGR of more than 34% during the forecast period, according to theirlatest report.

The report further segments the global AI certification courses marketby learning method (blended learning and online learning) and bygeography (North America, Europe, APAC, and ROW).

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Technavio analysts highlight the following three market drivers that arecontributing to the growth of the global AI certification courses market:

Increasing investments by established firms

Rising salary hikes and domain change

Growing demand for AI professionals

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Increasing investments by established firms

During 2015, technology giants such as Microsoft, Facebook, and Googlewere estimated to have invested a whopping USD 8.5 billion in deals,which was calculated to be four times more than what was invested during2010.

According to Jhansi Mary, a lead educationtechnology research analyst at Technavio, “The need forgaining insights from the data, which are being generated at a rapidpace daily, and to operate effectively by automating businesses andmanufacturing units are prompting firms to make acquisitions andinvestments in AI. This is resulting in the emergence of vendors thatprovide courses on AI. These vendors develop numerous courses at variousfees options, which are viable for many learner groups.”

Rising salary hikes and domain change

AI has been ranked second among the fastest growing skills by the Upworkskills index during the first quarter of 2017. Salary packages offeredin jobs related to AI are attractive and the best in the industry.Several university professors with AI expertise have been working asfull-time employees in established technology companies in the field ofAI, and they receive high salaries. Professors from the department ofcomputer science from prominent institutions such as the University ofWashington joined Google. Engineers and other industry professionals arepursuing AIcertification courses provided by AI service enablers incollaboration with technology partners considering the demand.

“Vendors who can provide a differential advantage in the coursecurriculum and related industry exposure have the edge of charging apremium fee for the AI certification courses they offer,” addsJhansi.

Growing demand for AI professionals

The demand for AI professionals is growing at a rapid pace across allcountries. At present, several vacancies require employees with AI skillsets. There is a growing demand for machine data scientists, machinelearning engineers, AI analysts, programmers, and security experts.Industry sectors such as pharmacy, retail, logistics, robotics,automobile, manufacturing, BFSI, and IT and telecom have posed animmense potential for the need of AI professionals and their expertiseto fill the required positions at organizations.

Professionals are hired for strategic roles that may be required for anew technology adoption or automation of an existing business process.Companies are also seeking freelancers to assist them in AI-basedprojects. The demand for AI know-how and the need to analyze significantrepositories of data to understand business patterns and to operateefficiently at minimal costs have gained prominence in the recent past.AI professionals are also in demand by companies such as Google, Uber,Facebook, Microsoft, and Amazon globally for their contribution to theAI R&D.

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Technaviois a leading global technology research and advisory company. Theirresearch and analysis focuses on emerging market trends and providesactionable insights to help businesses identify market opportunities anddevelop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consistsof more than 10,000 reports and counting, covering 800 technologies,spanning across 50 countries. Their client base consists of enterprisesof all sizes, including more than 100 Fortune 500 companies. Thisgrowing client base relies on Technavio’s comprehensive coverage,extensive research, and actionable market insights to identifyopportunities in existing and potential markets and assess theircompetitive positions within changing market scenarios.

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