AI in Education Market

AI in Education Market Size

             2020                         2024-2032      

Report	Details
Market Size Value	USD 3.2 billion in 2022
Market Size Value	USD 54.4 billion by 2030
CAGR	42.7%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	By Technology, Application, Component, Deployment Mode, End-User and Region
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Rest of the World

Major players AI in Education Market include: Google (US), Microsoft (US), AWS (US), IBM (US), Cognizant (US), DreamBox Learning (US), Bridge-U (UK), Fishtree (US), Jenzabar (US), Jellynote (France), Knewton (US), Querium Corporation (US), Carnegie Learning (US), Metacog (US), Century-Tech (UK), Elemental Path (US), Cognii (US), Liulishuo (China), Osmo (US), Nuance Communications (US), Pearson (UK), Quantum Adaptive Learning (US), Third Space Learning (UK), Blackboard (US), ALEKS (US) & others.

The Increasing Adoption of Machine Learning and Deep Learning Technologies in Education is boost the Market growth.

Artificial Intelligence (AI) presents a spectrum of intelligent capabilities, encompassing learning, data pattern identification, processing, speech recognition, and more. In the realm of education, AI has become a transformative concept, delivering personalized learning, educational support, assessment tools, and enhanced student engagement. These advancements address historical learning challenges and contribute to elevating the quality of education. This pivotal role of AI is poised to foster positive growth in the education sector.

The integration of AI into education brings forth opportunities for effective time management, encompassing tasks such as grading, admissions processes, and behavior management through innovative features like face recognition. Furthermore, the amalgamation of AI with augmented and virtual reality, seamlessly accessible through digital devices like smartphones, tablets, and wearables, is anticipated to be a driving force behind the growth of the AI in education market throughout the forecast period.

The diverse advantages offered by AI in education, including optimized learning strategies, personalized tutoring, high-quality education, and more, are set to be primary drivers propelling the artificial intelligence in education market. An emerging opportunity lies in individuals accessing a wide array of information to enhance self-education, further contributing to the expansion of the AI in education market. The increasing adoption of machine learning and deep learning technologies within the education sector is expected to further bolster market growth during the forecast period.

The Growth of Cloud-Based Deployment in the AI in Education Market.

Based on Deployment Mode, the cloud based deployment segment is expected to be fastest-growing segment in the AI in Education Market from 2023 to 2030. The increasing adoption of cloud-based technology to enhance the educational landscape is set to propel this segment's rapid progression. The surge in demand is driven by factors such as the proliferation of BYOD (bring your own device) culture, the embrace of wearable e-learning devices, and the evolution of cloud-based gamification and virtual reality applications for educational purposes.

Increased utilization of cloud services allows educational institutions to make strategic investments in necessary infrastructure enhancements, thereby delivering top-notch education while effectively reducing the overall cost of ownership. Furthermore, this approach empowers educational establishments to seamlessly integrate cutting-edge technologies into their existing framework without the need for substantial capital outlays.

North America’s Dominance in the Global AI in Education Market.

North America is projected to dominate and it hold the major market share of the Global AI in Education Market in 2022. This prominence can be attributed to the region's early and adoption of innovative and advanced technologies. Moreover, the well-established educational infrastructure, particularly in the United States and Canada, is poised to further propel market growth within the region.

The market expansion is further fueled by the increasing embrace of sophisticated tutoring systems, chatbots, and other technological tools aimed at enhancing the quality of education. This trend is underpinned by the utilization of deep learning and machine learning techniques to refine learning strategies. A notable illustration of this is the collaborative effort in June 2018 between IBM Watson Education, Scholastic, and Edmodo. This collaboration led to the creation of tailored tools and cognitive library services on the existing Edmodo e-learning platform, catering to individual student needs and reducing learning gaps.

In the Asia Pacific region, substantial growth is foreseen in the global AI in education market. This growth is driven by the increasing demand for digitization and government initiatives, such as India's e-governance drive as part of the Digital India campaign. Notably, the Indian government is actively promoting technology education within schools and universities, aiming to cultivate future AI innovators. The Digital India initiative, focused on enhancing digital literacy across various technologies including AI, is expected to significantly bolster the global artificial intelligence in education market throughout the forecast period.

The AI in Education Market research report provides an in-depth overview of the industry including market segmentation by product type, system, industry, application and region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top player’s rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions.

AI in Education Market is segmented by region and further by countries, product type, system, industry, and application. Players, stakeholders, and other participants in the global AI in Education Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, future plans, and AI in Education Market trends across the world. Also, it splits AI in Education Market Segmentation by product type, system, industry, application and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

• AI in Education Market, By Technology
  • Deep Learning and Machine Learning
  • Natural Language Processing (NLP)
  • AI in Education Market, By Application
  • Virtual Facilitators and Learning Environments
  • Intelligent Tutoring Systems (ITS)
  • Content Delivery Systems
  • Fraud and Risk Management
  • Student-initiated learning
  • Others
• AI in Education Market, By Component
  • Solutions
  • Software tools
  • Platforms
  • Services
    • Professional services
    • Managed services
• AI in Education Market, By Deployment Mode
  • Cloud-Based
  • On-premises
• AI in Education Market, By End-User
  • Higher Education Institutes
  • Universities
  • K-12 Education
  • Corporate training
  • Others
• AI in Education Market, By Geography
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
    • UAE
    • Saudi Arabia
    • Israel
  • Africa
    • South Africa
    • Rest of Africa      

Reason to purchase this AI in Education Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global AI in Education Market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different and AI in Education Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global AI in Education Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global AI in Education Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top AI in Education Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.