Artificial Intelligence in Education Market 2019 Global Key Players: IBM Corporation, Microsoft Corporation, Google, Amazon.com, Inc, Cognizant, Pearson, Bridge-U

Market Synopsis:
The role of Artificial Intelligence (AI) is slowly increasing in the education sector because AI can provide machines with intelligent capabilities such as identifying data patterns, learning, processing, speech recognition, and others. Market Research Future (MRFR) has published a research report about the global artificial intelligence in education market that anticipates massive expansion for this market at 38% CAGR (Compound Annual Growth Rate) during the forecast period between 2018 and 2023. By value, the market has been figured to be worth the US $ 2 bn by the end of the forecast period.

The most important factor for the global Artificial Intelligence in Education Market growth is AI being used for monitoring the students’ capability and enhancing the learning process as per the students' requirement. AI is taking the help of machine learning and natural learning for this assessment. There are various advantages and benefits of AI that are aiding its growth in the education sector.

The first advantage is the integration of interactive and customized software tools with augmented and virtual reality deployed on digital devices. The digital interactive content helps students to learn and understand their studies in a better way. AI also enhances the learning environment with a special focus on implementing experimental and analytical learning that helps students to attain a clear understanding of the concept. AI in education also saves the time required for administrative tasks that can help educational institutions to give equal focus to individual students and plan the lessons accordingly. Lastly, AI also helps educational institutions to understand the behavior pattern of students via face recognition capabilities. However, market growth can hit roadblocks due to the difficult integration of AI-based solutions and a lack of technical expertise due to complex algorithms.

The global artificial intelligence in the education market has been segmented on the basis of application, component, deployment, technology, and lastly, region. The application-based segmentation segments this market into content delivery systems, intelligent tutoring systems, interactive websites, virtual facilitators, and chatbots among others.

As per component-based segmentation, the market has been segmented into software and services. Based on deployment, the market has been segmented into on-cloud deployment and on-premise deployment. On the basis of technology, the market has been segmented into machine learning and natural learning process (NLP).

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Major Key Players:
The key players in the global artificial intelligence in education market include Amazon.com Inc., (USA), Blackboard Inc. (USA), Bridge-U (UK), Century Tech Ltd (UK), Cognizant (USA), DreamBox Learning (USA), Fishtree (USA), Google (USA), IBM Corporation (USA), Jellynote (France), Jenzabar Inc. (USA), Knewton Inc. (USA), Metacog Inc. (USA), Microsoft Corporation (USA), Pearson (UK), Quantum Adaptive Learning, LLC (USA), Querium Corporation (USA), and Third Space Learning (UK).

Regional Analysis:
The regional segmentation of the global artificial intelligence in education market segments the market into the regional markets namely North America, Europe, Asia Pacific, and the rest of the world (RoW). During the forecast period, North America is expected to dominate the global market due to the early adoption of technologies such as AI, digital learning, machine learning, and others. Another factor for market growth in this region is technological advancement and innovations that can invite high investments in research and developments (R&D) in the field of AI technology. Many key market players are also based in North America. The leading country-specific markets in this region are the USA, Canada, and Mexico.

During the forecast period, the Asia Pacific market is expected to grow significantly due to emerging economies like China, India, and South Korea. In these countries, the market is growing due to increasing government initiatives to support digitalization, automation, and growing adoption of cloud-based services. Another technologically advanced country-specific market in this region is Japan, followed by the remaining countries of the Asia Pacific region.

Europe is another major regional market which is growing due to the presence of established industries, well-established infrastructure, government spending on quality education, the presence of many key market players, and the technological advancement that is second only to North America. The renowned country-specific markets in this region are France, Germany, and the UK.

The RoW segment covers Latin countries and the Middle East & Africa (MEA). In the MEA region, the market is limited due to poor countries, lack of awareness, lack of infrastructure, lack of advanced facilities, lack of skilled professionals, and lack of education. The market comprising of Latin countries is a smaller market because the availability of advanced technology is limited in this market. Argentina and Brazil are two major economies that have the potential to rise as lucrative markets in the future.

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Latest Industry News:
• The Central Board of Secondary Education (CBSE) in India is planning to introduce artificial intelligence as an elective subject in the school curriculum. 16 JAN 2019
• US President Donald Trump is planning to sign an executive order directing federal agencies to prioritize R&D in the field of artificial intelligence. 11 FEB 2019

Intended Audience:
• Education Institutions
• Software Service Providers
• Organizations, Firms, Enterprises
• Government Bodies and Departments
• Management Universities
• Managed Service Providers
• Professional Service Providers
• Software Developers
• Educational Publishers
• Chanel Partners
• Third-Party providers
• Market Research and Consulting Firms

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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….

List of Tables
Table1 Global Ai In Education Market, By Country, 2018–2023
Table2 North America: Ai In Education Market, By Country, 2018–2023
Table3 Europe: Ai In Education Market: By Country, 2018–2023
Continued….

List of Figures
Figure 1 Global Ai In Education Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Ai In Education Market
Continued….

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