AI in Education Market: size was valued at US$ 2.90 Bn. in 2022 and the total revenue is expected to grow at 43.8% through 2023 to 2029, reaching nearly US$ 36.93 Bn.
AI in Education Market Overview:
Maximize Market Research's new report, Global AI in Education Market 2022-2029, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2022-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide AI in Education market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide AI in Education market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide AI in Education market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Segmentation:
by Deployment
On-Premise
Cloud
According to deployment, On the basis of deployment, the market for AI in education is divided into On-Premise and Cloud segments. Through 2029, the market for AI in education is projected to develop at a CAGR of 50% for the cloud sector. The rise in usage of cloud services, which reduces the cost of ownership for educational institutions and enables them to invest in the infrastructure upgrades required to deliver high-quality education, is credited to the growth. Additionally, it makes it possible for universities and institutions to incorporate cutting-edge technology into their existing infrastructure without having to spend a lot of money on it.
by Component
Solutions
Services
The market for artificial intelligence in education is divided into solutions and services based on component. The demand for AI-enabled solutions and services in educational organisations has increased as a result of increased government funding and technological improvements, and the Services component is predicted to rise at a quicker CAGR throughout the projected period.
by Technology
Deep Learning & ML
NLP
The AI in Education Market is divided into two categories based on technology: Deep Learning & ML and NLP. NLP technology is anticipated to advance more quickly than machine learning and deep learning during the anticipated time frame. This quick expansion might be attributed to rising K–12 student and college demand for virtual assistance as well as rising educational institution investments in cutting-edge technology. Additionally, the usage of NLP technology in the education sector is expanding to assist in decoding digitally recorded data and comprehending human languages from various data sets.
by Application
Virtual Facilitators & Learning Environments
ITS
CDS
Fraud and Risk Management
The AI in Education Market is divided based on application into Virtual Facilitators & Learning Environments, ITS, CDS, Fraud and Risk Management. Digital education learning technology is another name for the use of virtual facilitators and learning settings. The elements of VLEs include information distribution, academic planning and mapping, student interaction, administration, and real-time communication. The AI-powered virtual facilitator also functions as a multilingual translator, student mentor, and assistant to the lecturer. These AI-enabled facilitators and environments cater to people's learning needs for autonomous educational programmes and home-based education. Virtual environments also enable students to apply a variety of academic disciplines and social development ideas to difficult real-world social problems. The use of virtual facilitators and learning environments combines artificial
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Key Players:
It then discusses the top competitors in the worldwide AI in Education market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1.IBM (US)
2. Microsoft (US)
3. Bridge-U (UK)
4. DreamBox Learning (US)
5. Fishtree (US)
6. Jellynote (France)
7. Jenzabar (US)
8. Knewton (US)
9. Metacog (US)
10. Querium Corporation (US)
11. Google (US)
12. AWS (US)
13. Cognizant (US)
14. Carnegie Learning (US)
15. Century-Tech (UK)
16. Cognii (US)
17. Elemental Path (US)
18. Liulishuo (China)
19. Nuance Communications (US)
20. Osmo (US)
21. Pearson (UK)
22. Third Space Learning (UK)
23. Quantum Adaptive Learning (US)
24. ALEKS (US)
25. Blackboard (US)
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Regional Analysis:
The report has analyzed the global AI in Education market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide AI in Education market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on AI in Education Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the AI in Education Market Report are:
- Which are the major companies in the AI in Education market?
- Which is the potential market for AI in Education in terms of the region?
- Which application area of AI in Education is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the AI in Education market size by 2027?
- What are the growth prospects for the AI in Education market?
- What is the base year considered in the AI in Education market report?
- Which region holds the largest market share in the AI in Education market?
- What factors are anticipated to drive the AI in Education market?
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