AI in Education Market Size is estimated to grow at a CAGR of 29.1% during the forecast period

 

The AI in education market is expanding as a result of educational institutions' increasing propensity toward cutting-edge learning models and technology. Language translation, information retrieval, and knowledge acquisition applications all heavily utilize AI. The market for artificial intelligence in education is anticipated to be worth $1.2 billion in 2021 and $13.8 billion by 2030. During the forecast period, which runs from 2022 to 2030, the market is expected to grow at a CAGR of 29.1%. The market for AI in education is thought to be growing favorably as a result of ongoing improvements in educational technologies. Another important element supporting the market's growth is the growing popularity of e-learning platforms.

 

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Market Segmentation

The research divides the global market for artificial intelligence in education into offering, deployment model, application, and end user. The market for artificial intelligence in education is divided into solutions and services. Software tools and platforms are subsegments of the solutions segment. Professional services and managed services are other sub-segments of the services segment. Platforms market is anticipated to experience exponential growth throughout the forecast period in the solutions sector. The global market for AI in education is divided into educational institutes, educational publishers, and others based on end users. The end user category with the biggest percentage share in the global market for AI in education in 2021 was educational publishers.

Geographically, the global market for artificial intelligence in education is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. North America will dominate the AI in Education market in 2021. However, during the forecast period, Asia-Pacific is expected to rise at a considerable CAGR. In comparison to other nations in the Asia Pacific, the Japan AI in Education market is anticipated to grow more quickly.

Scope of the report

This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.

 

Segments Covered

 

AI in Education Market by Offering

·         Solutions

·         Software Tools

·         Platform

·         Services

·         Professional Services

·         Managed Services

AI in Education Market by Deployment Model

·         On-Premise

·         Cloud

AI in Education Market by Application

·         Virtual Facilitators and Learning Environments

·         Intelligent Tutoring Systems

·         Content Delivery Systems

·         Fraud and Risk Management

·         Others

AI in Education Market by End User

·         Educational Institutes

·         Educational Publishers

·         Others

AI in Education Market by Region

·         North America

·         Asia Pacific

·         Europe

·         Latin America

·         Middle East & Africa

 

Competitive Landscape

The report offers comprehensive coverage of major vendors including recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis etc.

Some of the key players mentioned in the report are Pearson, Blackboard Inc., Nuance Communications, AnyVision, Microsoft, IBM, Google, Amazon Web Services, Inc., Cognizant, Quantum Adaptive Learning, LLC and Other Key & Niche Vendors.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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