Artificial Intelligence In Education Market Size, Share, Growth Report 2030

Artificial Intelligence In Education Market: Overview

The Global Artificial Intelligence In Education Market, which was estimated at about 3.51 (USD Billion) in 2019 and is predicted to accrue earnings worth 7.68 (USD Billion) by 2026, is set to record a CAGR of nearly over 46% during 2020-2026. The report offers valuation and analysis of Artificial Intelligence In Education market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Report Scope :

AI in Education Market: Synopsis

Artificial intelligence is integrating information technology and education tools. Moreover, growing awareness about benefits of AI-driven education system along with need for improving quality and equity of the education system will create lucrative growth avenues for industry over the upcoming years. Moreover, use of AI tools such as machine learning, deep learning, and natural language processing will create value for teachers and students. AI tools are used most prominently in K12 education and some of the firms are making & promoting the use of these tools in education sector. Citing an instance, during 2017, New Oriental rolled out AI-driven education tool RealSkill in joint venture with FLYTEK, Oriental Fly. This move helped the students in preparing for oral & written tests for TOEFL & IELTS. Such firms are projected to help in creation of better AI-driven education products for building effective education ecosystem globally.

AI in Education Market: Growth Drivers

With COVID pandemic witnessed across the globe, AI is anticipated to bring a paradigm shift in the tools of imparting quality education across the globe and will ensure enhanced connectivity between teachers and students across the globe. In addition to this, AI tools will help students in take online education from foreign universities. All these factors     will embellish the growth of AI in education market in the coming decade.  Apart from this, AI-driven education institutes impart voice recognition online language education to students. Additionally, these organizations provide image recognizing K12 online education tools & adaptive learning tools that helps the students in image-based searches.

Furthermore, growing need of aspects such as intelligent adaptive education system, data analysis, new virtual learning space, and data privacy are expected to drive market trends. Moreover, AI in education helps in raising the proficiency of teachers due to inculcation of AI tools such as text translation systems, real-time text to speech translation. It will also reduce the admin task of the staff in both schools & colleges as well as of employees of other public & private educational institutes. This, in turn, will carve an inflated growth trajectory for AI in education industry in the foreseeable future.

Artificial Intelligence In Education Market: Regional Landscape

Asia Pacific Market To Register Highest Gains Over 2020-2026

The growth of Asia Pacific market during the assessment period is owing to swift digitization in countries such as Japan, China, and India. Apart from this, surge in the web penetration along with large-scale use of smartphones by millennial population as well as students in the sub-continent will sketch new growth graph for AI in education industry over the forecast timeline. Additionally, with government supporting online education as well as education startups in the countries such as India and China, the market for AI in education is anticipated to witness an accelerated as well as momentous growth in the upcoming years.

Artificial Intelligence In Education Market: Competitive Landscape

Key players influencing the business and included in the report are Luilishuo, Google, Inc., Knewton, Microsoft Corporation, Cognii, Sofia Labs, PLEIQ, Brainly, AWS, IBM, and Nuance Communication.

The global Artificial Intelligence In Education Market is segmented as follows:

By End-Use

• Higher Education
• K-12 Education
• Corporate Learning

By Technology

• Machine Learning
• Deep Learning
• Natural Language Processing                

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa