The AI in education market is expanding as a result of educational institutions' increasing propensity toward cutting-edge learning models and technology. Language translation, information retrieval, and knowledge acquisition applications all heavily utilize AI. The market for artificial intelligence in education is anticipated to be worth $1.2 billion in 2021 and $13.8 billion by 2030. During the forecast period, which runs from 2022 to 2030, the market is expected to grow at a CAGR of 29.1%. The market for AI in education is thought to be growing favorably as a result of ongoing improvements in educational technologies. Another important element supporting the market's growth is the growing popularity of e-learning platforms.
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Market Segmentation
The research divides the global market for artificial intelligence in education into offering, deployment model, application, and end user. The market for artificial intelligence in education is divided into solutions and services. Software tools and platforms are subsegments of the solutions segment. Professional services and managed services are other sub-segments of the services segment. Platforms market is anticipated to experience exponential growth throughout the forecast period in the solutions sector. The global market for AI in education is divided into educational institutes, educational publishers, and others based on end users. The end user category with the biggest percentage share in the global market for AI in education in 2021 was educational publishers.
Competitive Landscape
The study provides in-depth analysis of the top vendors, covering latest product development and industrial activities, company overviews, business strategy and financial performance insights, SWOT analyses of the companies, and more.
Pearson, Blackboard Inc., Nuance Communications, AnyVision, Microsoft, IBM, Google, Amazon Web Services, Inc., Cognizant, Quantum Adaptive Learning, LLC, and other important and niche vendors are only a few of the main firms highlighted in the research.
Segments Covered
AI in Education Market by Offering
• Solutions
• Software Tools
• Platform
• Services
• Professional Services
• Managed Services
AI in Education Market by Deployment Model
• On-Premise
• Cloud
AI in Education Market by Application
• Virtual Facilitators and Learning Environments
• Intelligent Tutoring Systems
• Content Delivery Systems
• Fraud and Risk Management
• Others
AI in Education Market by End User
• Educational Institutes
• Educational Publishers
• Others
AI in Education Market by Region
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
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