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 CAGR of 47% during forecast period. AI technology is playing a crucial role in enhancing & improving teachers’ and students’ knowledge. Additionally, increasing adoption of AI technology for various applications in education sector & growing need for multilingual translators integrated with AI technology are expected to drive growth of AI in education market.
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AI in education market is divided into machine learning and deep learning, and Natural Language Processing (NLP). The machine learning and deep learning technology segment is expected to have the larger market size during the forecast period.
The machine learning and deep learning technology offers a systematic way to analyze the progress of students from their performance data.
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Key Target Audience
- Refrigeration oil manufacturers, dealers, and suppliers
- Government bodies
- Raw material suppliers
- Industry associations
- Consulting companies/consultants in the chemical and material sectors
AI in education market is divided into solutions and services. The solutions segment is further divided into software tools and platforms.
Whereas the services segment is classified into professional services and managed services. Among solutions, the software tools segment is expected to have the larger market size during the forecast period.
Software tools are used in various educational applications to analyze the hidden patterns from students’ data for predicting the outcome of various problems.
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North America is expected to have largest market size in AI in education market during forecast period. North America has shown growth potential due to increasing investments in region & various initiatives taken by AI solution providers.
Region is expected to witness a considerable growth during forecast period. In North American region, various universities and schools have started deploying AI-powered solutions to enhance overall learning experience and meet changing demands of learners and teachers.
2 Top Players Operating in the AI in Education Market
3 Competitive Scenario
4 New Product/Service Launches and Product/Service Enhancements
5 Agreements and Partnerships
Report includes study of key players who offer AI in education solutions and services. These players 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).
AI in education market is segmented on basis of technologies, applications, components (solutions and services), deployment modes, end-users, and regions. Technology segment of AI in education market includes machine learning and deep learning, and NLP.
Application segment includes virtual facilitators and learning environments, Intelligent Tutoring System (ITS), content delivery systems, fraud and risk management, and (education data management, job recommendation, & training & development).
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the AI in education market.
- By Company Type: Tier I:24%, Tier II:40%, and Tier III:36%
- By Designation: C-Level:28%, Director Level:34%, and Others:38%
- By Region: North America:38%, EMEA: 32%, and APAC:30%
The AI in education market is divided into cloud and on-premises deployment modes. Based on regions, the AI in education market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
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