Artificial Intelligence in Education Market 2018-2024 By Top Players: IBM, Microsoft, Google, Amazon Web Services, Nuance Communications, Blackboard, Pearson, Blippar, Knewton, Jenzabar, Pixatel System

Market Overview: -

The learner model is estimated to account for more than 60% share in the artificial intelligence in Education market. The demand for the more student-centric learning platforms from higher educational institutions impacts the growth. Moreover, the integration of the adaptive learning technology also augments the demand for the learner model. On the other hand, the domain model is estimated to grow significantly during the forecast period with the CAGR of more than 50%. Artificial intelligence market is driven by the need for personalized learning solutions. Due to this, the solution providers are focusing more on developing user-friendly systems with subject knowledge to guide students better.

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

Artificial intelligence in education market is driven by the combination of the advanced technologies and intelligent machine learning algorithms into online learning platforms. The availability of innovative educational models and technologies, such as software platforms and AI, has changed the role of students and educators. It has shifted the teaching methods and transformed conventional classrooms into smart classrooms. The AI technology has become a significant tool in the education sector for developing a consumer-friendly Decision Support System (DSS) and is widely used for language translation, data mining, information retrieval, and knowledge distribution.

The deep learning model for artificial intelligence in education market is anticipated to grow at a CAGR of 52% during the forecast timespan. The technology helps in protecting the teaching profession with tasks such as developing soft skills amongst students, cultivating pupils, and assisting them to train students and motivate them for better education. They offer collaborative learning methodology between teachers, students, and a wider environment with strong social and team-related skills. The advent of technology has hindered deep learning in schools.

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.

Artificial Intelligence (AI) in Education Market in 2017 was estimated at over USD 400 million and to exceed USD 6000 million by 2024 to grow at 45% CAGR till 2024.

Industry Growth drivers -

• Increasing venture capital investment in AI and EdTech

• Exponentially growing digital data

• Growing integration of ITS in-learning process

• Increasing partnership with education content providers

• Rising adoption of cloud-based services

AI assists in improving the quality of education by addressing the learning challenges faced in the past including planning, reasoning, language processing, and cognitive modeling. Various benefits offered by the acceptance of artificial intelligence in education sector include tutoring grading, immediate feedback on course quality, personalization in education, and instant feedback to students. The aim of AI is to be a virtual facilitator for the learning domain and to create virtual human-like qualities, who can think, react, act, and interact in a natural way using verbal and non-verbal communication.

The virtual facilitators and e-learning platform market is leading the application landscape with about 55% share in the artificial intelligence in Education market. The growth of the market is credited to the increasing adoption of the online learning platform. The education institutes are focusing more on developing digital content and delivering knowledge through web-based solutions to provide more personalized learning for students. Furthermore, the integration of the virtual facilitators and chatbots in the e-learning platforms to assist students in the learning process also drives the market growth.

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

North America accounted for over 60% share in the artificial intelligence 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 is estimated to be the most lucrative region for artificial intelligence in education market. The market is estimated to grow at a CAGR of over 51%. The digitalization and supportive government initiatives in the region have a noteworthy impact on the growth of the market.

Similarly, the Indian government is also promoting the use of technology education in schools and universities, shaping students into foremost innovators of the AI revolution. The finance ministry of India invested USD 474 million in their Digital India initiative to improve the digital literacy rate in various technologies, such as AI, and providing the internet to rural India.

Browse Full Report: https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-education-market

The key players in the artificial intelligence in education market are IBM, AWS, Microsoft, Google, Nuance, Century Tech, Blackboard, Pearson, Cognii, Volley.com, Blippar, Knewton, Jenzabar, Content Technologies, PLEIQ, Luilishuo, Pixatel System, Quantum Adaptive Learning, Amazon Web Services, Quantum Adaptive Learning LLC and Yuguan Information Technology LLC.

Market share calculation in this report is not done based on companies covered in it. The calculation of artificial intelligence 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.

Browse Related Reports:

Car Sharing Market Trends & Forecast Report 2018-2024

Car Sharing Market size was over USD 1.5 billion in 2017, to exceed USD 11 billion by 2024, with fleet size of over 100,000 in the same year. The number of members is forecast to grow at over 20% between 2018 and 2024.

Some of the key vendors in the car sharing market are Car2Go, Autolib, Cambio CarSharing, Orix Corporation, Lyft, Zipcar, Cityhop, Communauto, DriveNow GmbH & Co. KG, Getaround, CarShare Australia, Carrotshare.

https://www.gminsights.com/industry-analysis/carsharing-market

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: www.gminsights.com

This release was published on openPR.