Artificial Intelligence In Education Market Overview:
The global AI in Education Market is expected to grow from USD 2.5 billion in 2022 to USD 23.82 billion by 2030, at a CAGR of 38.00% during the forecast period 2023 - 2030. The growth of the market is being driven by a number of factors, including the increasing demand for personalized learning, the growing adoption of online education, and the rising need for improved assessment methods.
In addition, AI can be used to improve academic outcomes by providing students with real-time feedback, identifying areas where they need additional support, and helping them to master difficult concepts. AI can also be used to create more engaging learning experiences for students, by using gamification and other interactive techniques.
Key Players:
The key players in the AI in education market include:
- IBM Corporation
- Microsoft Corporation
- Cognizant
- Pearson
- Bridge-U
- DreamBox Learning
- Fishtree
- Jellynote
- Jenzabar
These players are focusing on developing innovative AI-powered solutions to meet the growing demand for personalized learning, improved academic outcomes, and engaging learning experiences.
Market Segmentation:
The AI in education market is segmented by application, technology, deployment type, component, and region.
By application, the market is segmented into content delivery systems, assessment and evaluation, learning management systems, and others. The content delivery systems segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing use of AI-powered chatbots and virtual assistants to deliver educational content to students.
By technology, the market is segmented into machine learning, natural language processing, and others. The machine learning segment is expected to dominate the market during the forecast period. This is due to the increasing use of machine learning algorithms to personalize learning, track student progress, and provide real-time feedback.
By deployment type, the market is segmented into on-cloud and on-premise. The on-cloud segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing adoption of cloud-based learning solutions by educational institutions.
By component, the market is segmented into software and services. The software segment is expected to dominate the market during the forecast period. This is due to the increasing demand for AI-powered learning solutions that can be used by educational institutions.
By region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the market during the forecast period. This is due to the early adoption of AI technologies in the region.
Get Free sample Report: https://www.marketresearchfuture.com/sample_request/6365
Benefits of AI in Education:
There are a number of benefits to using AI in education. Some of the most common benefits include:
- Improved learning outcomes: AI can help to improve student learning outcomes by providing personalized learning, adaptive assessments, and virtual tutors.
- Increased engagement: AI can help to increase student engagement by gamifying the learning process and making it more interactive.
- Reduced costs: AI can help to reduce costs by automating tasks that are currently performed by teachers.
- Improved decision-making: AI can help to improve decision-making by providing insights into student learning data.
Challenges of AI in Education:
There are also some challenges associated with using AI in education. Some of the most common challenges include:
- Data privacy: There are concerns about the privacy of student data that is collected by AI systems.
- Bias: There is a risk that AI systems could be biased, which could lead to unfair treatment of students.
- Cost: AI systems can be expensive to develop and implement.
- Acceptance: There is some resistance to the use of AI in education, as some people believe that it could replace teachers.
Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Artificial Intelligence in Education Market–https://www.marketresearchfuture.com/reports/artificial-intelligence-education-market-6365
Key Drivers of the Market
Increasing demand for personalized learning: AI-powered technologies can be used to personalize learning by providing each student with the content and instruction that they need to succeed. This is in contrast to traditional teaching methods, which often involve a one-size-fits-all approach.
Need to improve student engagement: AI-powered technologies can be used to improve student engagement by making learning more interactive and engaging. For example, AI-powered chatbots can answer students' questions in real time, and AI-powered games can help students learn new concepts in a fun and engaging way.
Rising adoption of online education: The COVID-19 pandemic has accelerated the adoption of online education. AI-powered technologies can be used to enhance the online learning experience by providing students with personalized instruction, real-time feedback, and access to a wider range of resources.
Related Reports:
IoT in Automobile Market is expected to reach USD 286.8 billion by 2030 at 25.5 %CAGR by 2030
Quantum Cryptography Market is expected to reach USD 126.541 billion by 2032 at 41.40% CAGR by 2032
Real-Time Payment Market is expected to reach USD 114.94 billion by 2032 at 37.6% CAGR by 2032
Artificial Industrial in Manufacturing Market is expected to reach USD 24.3 billion by 2030 at 46.20% CAGR by 2030
Regional Analysis
North America is the leading market for AI in education, followed by Europe and Asia-Pacific. The high adoption of AI technologies in the education sector in these regions is driving the growth of the market.
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
Market HighlightsArtificial Intelligence (AI), when integrated with education sector, helps to tap new opportunities of an enhanced learning process and student engagement.
With the use of artificial intelligence and cloud technologies, the students can get assistance regarding any basic or advanced concept any time they require.
This helps students get educational support even after school hours.The major factors contributing to the growth of AI in education is the growing adoption of automation technology, which helps in reducing the time and paperwork required for administrative tasks such as grading, admission process, and others which helps the professors to utilize this time for lesson planning and focusing on individual student.
Adding to this, integration of AI offers customized and interactive software and services according to each student’s need, which helps him/her to understand the concepts in a better way.
By adopting the cloud deployment for AI in education market, the services provided become feasible, scalable, and cost-effective.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6365Key playersThe prominent players in the market of AI in education are, IBM Corporation (US), Microsoft Corporation (US), Google (US), Amazon.com, Inc., (US), Cognizant (US), Pearson (UK), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar, Inc., (US).Other players in the market include Knewton, Inc., (US), Metacog, Inc., (US), Querium Corporation.
(US), Century-Tech Ltd (UK), Blackboard, Inc., (US), Third Space Learning (UK), Quantum Adaptive Learning, LLC (US).Regional AnalysisThe global market for AI in education is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
Artificial Intelligence in Education Market Synopsis:Artificial Intelligence (AI) is slowly becoming an important part of the education sector.
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.
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.
In terms of technology, the market has been segmented into machine learning (ML) and the natural learning process (NLP).
Regional SegmentationA geographical outlining of the global artificial intelligence in education market encompasses North America, Asia Pacific, Europe, and Rest of the World (RoW).
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.
