Smart Classrooms: AI in Education Market Trends 2023-2029

The aftermaths of the pandemic have made the global populace more inclined towards digital technology.

There has been a significant shift in the teaching approach in the last few years.

Education has become more interactive, multidimensional and limitless.

Children who were hesitant to be vocal about their problems or ask a concept from the teacher in front of the whole class can now easily access any information anytime.

This way, their progress is in their own hands.

One-on-one support: In the traditional classrooms, students struggled to have a one-on-one session with the teachers.

According to research report "AI in Education Market by Technology (Deep Learning and ML, NLP), Application (Virtual Facilitators and Learning Environments, ITS, CDS, Fraud and Risk Management), Component (Solutions, Services), Deployment, End-User, and Region - Global Forecast to 2023", MarketsandMarkets forecasts the global Artificial Intelligence (AI) in education market to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period.The AI technology is playing a crucial role in enhancing and improving teachers’ and students’ knowledge.

Additionally, the increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology are expected to drive the growth of the AI in education market.Browse and in-depth TOC on "AI in Education Market - Global Forecast to 2023"84 - Tables 55 - Figures 151 – PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=200371366The Natural Language Processing (NLP) technology segment is expected to grow at a higher CAGR during the forecast period.In the education sector, the Natural Language Processing (NLP) technology is playing a crucial role to synthesize the educational data for generating the final output.

As a result, the use of the NLP technology in educational applications is growing at a rapid pace.

This technology helps in analyzing large volumes of data generated by education software.The cloud deployment mode is expected to have the larger market size during the forecast period.On the basis of deployment modes, the AI in education market is classified into cloud and on-premises.

Among deployment modes, the cloud deployment mode is expected to have the larger market size during the forecast period.

The adoption of the cloud deployment mode is growing, due to various reasons such as cost-effectiveness, the ease of deployment, and reduced operational cost.The educational institutes end-user segment is expected to have the largest market size during the forecast period.The AI technology is a leading trend in the education sector, as it can be easily integrated with educational systems for a better learning experience.

According to research report "AI in Education Market by Technology (Deep Learning and ML, NLP), Application (Virtual Facilitators and Learning Environments, ITS, CDS, Fraud and Risk Management), Component (Solutions, Services), Deployment, End-User, and Region - Global Forecast to 2023", MarketsandMarkets forecasts the global Artificial Intelligence (AI) in education market to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period.

Additionally, the increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology are expected to drive the growth of the AI in education market.

Download PDF Brochure: https://www.marketsandmarkets.com/Market-Reports/ai-in-education-market-200371366.html Browse 84 market data Tables and 55 Figures spread through 151 Pages and in-depth TOC on "AI in Education Market - Global Forecast to 2023"The Natural Language Processing (NLP) technology segment is expected to grow at a higher CAGR during the forecast period.In the education sector, the Natural Language Processing (NLP) technology is playing a crucial role to synthesize the educational data for generating the final output.

This technology helps in analyzing large volumes of data generated by education software.The cloud deployment mode is expected to have the larger market size during the forecast period.On the basis of deployment modes, the AI in education market is classified into cloud and on-premises.

Moreover, governments in this region are also investing in AI-powered technologies to enhance the quality of education delivered to students.The AI in education market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies.

Major AI in education vendors include IBM (US), Microsoft (US), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar (US), Knewton (US), Metacog (US), Querium Corporation (US), Google (US), AWS (US), Cognizant (US), Carnegie Learning (US), Century-Tech (UK), Cognii (US), Elemental Path (US), Liulishuo (China), Nuance Communications (US), Osmo (US), Pearson (UK), Third Space Learning (UK), Quantum Adaptive Learning (US), ALEKS (US), and Blackboard (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

The global Virtual Classrooms Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.

Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Virtual Classrooms Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/virtual-classrooms-market/download-sampleMarket DynamicsIn the wake of the COVID-19 pandemic, virtual classrooms are gaining significant traction in recent times.

The unprecedented growth in the use of personal electronic devices and the rapid proliferation of the internet has helped virtual classrooms become highly popular.

The reduced costs of infrastructure, travel, and learning materials make virtual classrooms tremendously sought after among the middle-class population.

Digital platforms being extensively used by business organizations to train employees, vendors, partners, and customers face-to-face in real-time will boost the market growth.