Artificial Intelligence in Education Market Synopsis:
Artificial Intelligence (AI) is slowly becoming an important part of the education sector. AI can provide intelligent capabilities to the machines. Such capabilities include data patterns identification, learning, processing, speech recognition, and others. Report on the global artificial intelligence in the education market, as published by Market Research Future (MRFR), holds a speculation on proliferation possibilities at 38% CAGR between 2018 and 2023. By value, the market can be worth the USD 2 Bn by the end of the forecast period.
The most significant factor for the global Artificial Intelligence in Education Market growth is the use of AI for enhancing the learning process as per the students' requirement and monitoring students' capability. AI takes help of machine learning (ML) and natural learning for assessing students. Many advantages and benefits of AI are aiding its growth in the education sector.
AI can integrate interactive and customized software tools with augmented reality (AR), and virtual reality (VR) deployed on digital devices. Students can learn and understand their studies in a better way via digital interactive content. The use of AI can save time for administrative tasks necessary to be carried out by educational institutions to ensure equal attention to individual students and planning the lessons accordingly. Lastly, AI enables educational institutions to understand the behavior pattern of students by offering face recognition capabilities. However, the difficult integration of AI-based solutions and lack of technical expertise due to complex algorithms can hinder the market growth.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6365
Major Key Players:
Major players in the global artificial intelligence in education market include Amazon.com Inc., (USA), Bridge-U (UK), Blackboard Inc. (USA), Cognizant (USA), Century Tech Ltd (UK), Fishtree (USA), DreamBox Learning (USA), Google (USA), IBM Corporation (USA), Jenzabar Inc. (USA), Jellynote (France), Knewton Inc. (USA), Microsoft Corporation (USA), Metacog Inc. (USA), Pearson (UK), Querium Corporation (USA), Quantum Adaptive Learning, LLC (USA), and Third Space Learning (UK).
Market Segmentation:
The global artificial intelligence in education market segmentation covers application, component, deployment, and technology.
The application-based segmentation of this artificial intelligence in education market covers chatbots, content delivery systems, interactive websites, intelligent tutoring systems, and virtual facilitators, and others. In the context of component, the global artificial intelligence in education market has been segmented into services and software. Regarding deployment, the global artificial intelligence in education market has been segmented into on-cloud deployment and on-premise deployment. In terms of technology, the market has been segmented into machine learning (ML) and the natural learning process (NLP).
Regional Segmentation
A geographical outlining of the global artificial intelligence in education market encompasses North America, Asia Pacific, Europe, and Rest of the World (RoW).
During the forecast period, North America can stand the topmost regional artificial intelligence in education market market for artificial intelligence in education due to the early adoption of technologies such as AI, machine learning, digital learning, and others. Technological advancement and innovative developments, and high investments in research and developments (R&D) in the field of AI technology are also boosting the market. Many prominent market players are also based in North America. The well-known country-specific markets in this region are the USA, Canada, and Mexico.
During the forecast period, the Asia Pacific market can witness significant growth due to emerging economies like India, China, and South Korea. In these countries, the market is surging due to increasing government initiatives to support automation, digitalization, and increasing adoption of cloud-based services. Another technologically advanced country-specific market for artificial intelligence in education in this region is Japan.
Europe is another significant regional market that is growing due to the government spending on quality education, presence of established industries, the presence of many key market players, well-established infrastructure, and the technological advancement that is behind only North America. The ruling country-specific markets in this region are France, Germany, and the UK
The RoW segment covers Latin American countries and the Middle East & Africa (MEA). But the Latin American countries are lagging behind North America. Argentina and Brazil are two strong economies among Latin American countries with high potential to flourish in the sector. In the MEA region, market growth is limited due to the lack of skilled labor and limited availability of technology.
Access Report Details @ https://www.marketresearchfuture.com/reports/artificial-intelligence-education-market-6365
Latest Industry News:
- Oregon State University’s College of Engineering has invested USD 2.6 mn in a high-performance artificial intelligence computing cluster. This computing cluster has been built with NVIDIA DGX-2 systems, that are in operation within OSU’s Kelley Engineering Center. NVIDIA is a global leading market player in computing systems for AI and ML. 1 AUG 2019
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Market HighlightsMarket Research Future (MRFR) expects the artificial intelligence (AI) in education market 2020 to be worth close to USD 2 billion by the year 2027.
The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.COVID-19 AnalysisThe adoption of the latest technologies has grown significantly following the outbreak of the novel coronavirus.
However, the surge in distance learning during the lockdown era can boost the need for digitized solutions powered by AI, which helps offer automated feedback to the students without the need for parents and teachers.
In these uncertain times, artificial Intelligence has complemented MOOC (massive open online courses), by allowing students and educators in remote locations to maintain online classes with no issues.
For instance, the University of Murcia (Spain) has been focusing on building an AI-supported chatbots that can answer any query of the student regarding the campus or the study areas.
This platform consists of more customized teaching and coursework for entrepreneurs that are planning to recover from the COVID 19 hit on their businesses.
Artificial intelligence in education offers opportunities for student engagement that can't be found in usually out-dated textbooks or within the mounted setting of the standard four-walled room.
This blog post maps some effective ways in which the education system can harness artificial intelligence services to enhance learning and boost student success.
As an enterprise-grade Chatbot development company, Oodles AI builds effective virtual assistants and chatbots for streamlining learning and making education accessible to all.Learn more: Artificial Intelligence in Education
Secondly, it is an education at any time.
You can study when it's convenient to you in a real-time mode and get feedback all the time.
Teachers all over the world object the automatization of an entire education process, insisting on the idea that we can't refuse teachers.
As they believe, that only a professional can understand all needs of a scholar and only a human can harmonize a training program.
Yet, the experience of a ThinkerMath platform that uses Artificial Intelligence latest developments proves the opposite.Advantages of Artificial Intelligence in education for schools and teachersThere are lots of advantages of usage Artificial Intelligence in schools not only for students, but also for the teachers and schools as well, here are some of them: The AI program advantages for schools and teachers Ability to detect weaknesses The ability to detect weaknesses in various spheres of a training course.
For instance, Coursera notifies teachers when the majority of students gave incorrect answer on a question.
Market Overview:Market Research Future (MRFR) expects the Artificial Intelligence in Education Market in education market 2020 to be worth close to USD 2 billion by the year 2023.
The market’s advancement rate is estimated to be 38% between 2018 and 2023 (review period).
We will provide COVID-19 impact analysis with the report.
The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6365 Comparative Analysis:Significant market vendors include Jellynote (France), Cognizant (US), DreamBox Learning (US), Jenzabar, Inc., (US), Google (US), Bridge-U (UK), Microsoft Corporation (US), Fishtree (US), Pearson (UK), Amazon.com, Inc., (US), IBM Corporation (US), and more.Some more players who are also trying to get a better position in the global market are Blackboard, Inc., (US), Third Space Learning (UK), Knewton, Inc., (US), Quantum Adaptive Learning, LLC (US), Metacog, Inc., (US), Querium Corporation.
Segmentation Overview:Segment-wise, the AI in education industry has been considered for deployment, components, technology, as well as application.The main deployment-based categories that the report provides are on-cloud and on-premise.The market, depending on component, comprises software as well as services.The prime technologies covered by MRFR analysts are natural learning process/NLP and machine learning.The application areas of AI in education are virtual facilitators, intelligent tutoring systems, interactive websites, chatbots and content delivery systems.
Regional Analysis:The geographical categorization of the AI in education market elucidates Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.Experts project North America to observe the highest growth in the coming years, as the region is known for fast adoption of latest technologies like artificial intelligence, digital learning, machine learning, and more.
