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The demand for artificial intelligence in education market is growing at a CAGR of 31% by 2027 owing to the need for AI assistance in e-learning courses & platforms to enhance course completion rates by enriching learners’ experiences is expected to fue

03-07-2019 04:39 PM CET | IT, New Media & Software

Press release from: Absolute Markets Insights

The demand for artificial intelligence in education market

Online learning and massive open online courses (MOOCs) have reached higher levels of success post the incorporation of artificial intelligence. Incorporation of artificial intelligence in e-learning programs offers multiple benefits. The prime among them is the reduction in the drop rate of students, which was above 90% earlier. The advent of AI as a Service (AIaaS) has allowed eLearning developers to purchase or license algorithms and AI tools and components, thereby avoiding the time and expense of developing their own. Multiple eLearning platforms are looking forward to the use of artificial intelligence in education for modifying courses and enhancing learner’s experience. In addition, several established tech giants in artificial intelligence in education market are also working towards offering AIaaS tools and platforms. For instance, SweetRush Inc. offers virtual reality (VR), augmented reality (AR), artificial intelligence apps, and deep-dive technical solutions. The organizations deliverables span from analysis and curriculum mapping to the creation of blended training products, including live and virtual classroom along with full gamut of custom-developed e-learning modalities. Recently the firm acquired IDEA Workshop Costa Rica, an enterprise that specializes in emerging technologies of VR, AR, AI, and the internet of things (IOT).

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Furthermore, a bigger assistance of artificial intelligence in education is observed in the improved classification of elements of content. Two completely different subjects can have overlapping topics. Rather than creating content independent for both, deep learning can be used to improve classification and instructional design. This reduces the resources required to repurpose content and allow machines to produce new content in subjects that are not initially developed. The application of deep learning in developing content variation is driving the growth of artificial Intelligence in education market.

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“During the next six years, incorporation of AI in eLearning programs is going to follow an uptrend. Hyper-personalizing learning experiences, and eliminating redundancies with the use of artificial Intelligence in education is having a positive impact on the adoption of eLearning. The use of AI based tools for gamification and interactivity of corporate e-learning to engage employees is another highlight influencing the artificial Intelligence in education market.”

The detailed research study provides qualitative and quantitative analysis of the global artificial intelligence in education market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

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Some of the major players operating in the global artificial intelligence in education market are Amazon Web Services, Inc., Blackboard Inc., Brainly, BridgeU, Carnegie Learning, Inc., Century-Tech Limited, Content Technologies, Inc., DREAMBOX LEARNING, ELEMENTAL PATH, Fishtree, IBM, Knewton, Inc., Metacog, Inc., Microsoft, Netex Knowledge Factory, Prazas Learning Inc., Quantum Adaptive Learning, LLC, Querium Corporation, Volley amongst others.
• By Component
o Solutions
o Platform
o Tools
o Services
o Professional Services
o Managed Services
• By Deployment Mode
o Cloud
o On-Premises
• By Technology
o Machine Learning
o Deep Learning
o Natural Learning Process (NLP)
• By Model
o Pedagogical Model
o Domain Model
o Student Model
• By Application
o Intelligent Tutoring Systems
o Learning Platform and Virtual Facilitators
o Content Delivery Systems
o Smart Content
o Interactive Websites
• By End-Use
o Higher Education
o K-12 Education
o Corporate Learning
• By Region
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
o Benelux Union
 Belgium
 The Netherlands
 Luxembourg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o New Zealand
o Australia
o South Korea
o Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
o Rest of Asia Pacific
o Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
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