Artificial Intelligence in Education Market by Key Players: Nuance Communication, Microsoft, AWS, IBM, Google, Cognii, Pearson, Jenzabar, Volley.com, Content Technologies, Pixatel Systems, PleIQ, Knewton, Blippar

Market Overview:-

AI in Education Market is projected to surpass USD 6 billion by 2024 due to the growing demand for Intelligent Tutoring System (ITS) by educational institutions. The educational institutes are adopting advanced ITS to offer personalized learning experience and enhance tutoring methods. The integration of intelligent algorithms and AI in the learning platform also promotes the growth of the market. The technology has transformed the classrooms and changed the role of educators in the learning process by providing more user-friendly and sophisticated tools for both educators and students.

The increasing partnership between the education content developers, publishers, education institutes, and EdTech Companies to develop digital content and provide e-learning services to their students foster the demand. Furthermore, increasing investments in the EdTech and AI technology also supports the growth of AI in Education market. However, the limitation of the ITS system, data safety & security issues, and lack of skilled professionals are the major forces hindering the market growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2639

Top Key Players:-

Some of the major vendors that are serving the AI in Education market are Nuance Communication, Microsoft, AWS, IBM, Google, Cognii, Pearson, Jenzabar, Volley.com, Content Technologies, Pixatel Systems, PleIQ, Knewton, Blippar, Blackboard, Century Tech, Quantum Adaptive Learning, and Liulishuo.

Market share calculation in this report is not done based on companies covered in it. The calculation of AI in Education market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America accounted for over 60% share in the AI in Education market. The growth of the market is driven by the increasing investments in EdTech and AI technology. The highly developed education infrastructures and early adoption of the technology in the education sector enhance the market growth. The growing dependence on mobile devices, such as smartphones, tablets, and laptops, to access teaching programs and study materials have given an upsurge to software developers for designing software compatible with these mobile devices, driving the market growth.

Asia Pacific AI in Education is estimated to grow substantially with the CAGR of more than 51% during the forecast timeline. The supportive government policies and digitalization activities in the region are driving the market growth. China leads the investments in technology and accounts for 17% of the global external investments in AI. Increasing investment by Chinese players is also one of the major factors driving the growth in the region.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2639

Partial Chapter of the Table of Content

Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope,
1.1.5. Definition
1.1.6. Methodology and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. AI in Education industry 360º synopsis, 2013 - 2024
2.1.1. Regional trends
2.1.2. Model trends
2.1.3. Deployment trends
2.1.4. Technology trends
2.1.5. Application trends
2.1.6. End-Use trends

Chapter 3. AI in Education Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2013-2024
3.4. Industry ecosystem analysis
3.5. Industry evolution
3.6. Market news
3.7. Features & benefits of AI in education sector
3.8. Technology & innovation landscape
3.8.1. Chatbot
3.8.2. Video analytics
3.8.3. Augmented reality and virtual reality
3.8.4. Education neuroscience
3.9. Use cases
3.10. Market news
3.11. Regulatory landscape
3.11.1. Health Insurance Portability and Accountability Act (HIPAA)
3.11.2. Payment Card Industry Data Security Standard (PCI DSS)
3.11.3. North American Electric Reliability Corp. (NERC) Standards
3.11.4. Federal Information Security Management Act (FISMA)
3.11.5. The Gramma-Leach-Bliley Act (GLB) Act of 1999
3.11.6. Sarbanes-Oxley Act of 2002
3.11.7. The Education Act 2011
3.11.8. Right to Education
3.11.9. Individuals with Disabilities Education Act
3.11.10. No Child Left Behind Act
3.11.11. Children’s Internet Protection Act (CIPA)
3.11.12. United Nations Education, Scientific, and Cultural Organization (UNESCO)
3.12. Industry impact forces
3.12.1. Growth drivers
3.12.1.1. Increasing venture capital investment in AI and EdTech
3.12.1.2. Exponentially growing digital data
3.12.1.3. Growing integration of ITS in learning process
3.12.1.4. Increasing partnership with education content providers
3.12.1.5. Rising adoption of cloud-based services
3.12.2. Industry pitfalls & challenges
3.12.2.1. Data safety & security issues
3.12.2.2. Limitation of ITS
3.12.2.3. Lack of skilled professionals
3.13. Growth potential analysis
3.14. Porter's analysis
3.15. PESTEL analysis

Browse Full Report @ https://bit.ly/2JPW7gJ

The increasing partnership between the education content developers, publishers, education institutes, and EdTech Companies to develop digital content and provide e-learning services to their students foster the demand. Furthermore, increasing investments in the EdTech and AI technology also supports the growth of AI in Education market. However, the limitation of the ITS system, data safety & security issues, and lack of skilled professionals are the major forces hindering the market growth.

The Natural Language Processing (NLP) technology held more than 65% share of the revenue in 2017. The technology is widely used in the planning and designing of digital curriculum. It also assists in the process of the content development and e-learning. Furthermore, the technology is also widely adopted in the virtual assistance system to analyze the voice and text of the users. The deep learning technology is anticipated to grow with the CAGR of over 50% during the forecast timespan. The integration of the intelligent algorithms in the EdTech solution is the primary factor driving the demand for deep learning technology.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.