openPR Logo
Press release

AI in Education Market Projected to reach $ 3,683.5 Million by 2023 | Key players include IBM, Microsoft, AWS, Google and AWS

12-20-2019 12:42 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

AI in Education Market Projected to reach $ 3,683.5 Million

According to recent research "AI in Education Market by Technology (Deep Learning and ML, NLP), Application (Virtual Facilitators and Learning Environments, ITS, CDS, Fraud and Risk Management), Component (Solutions, Services), Deployment, End-User, and Region - Global Forecast to 2023", MarketsandMarkets forecasts the global Artificial Intelligence (AI) in education market to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period.
The AI technology is playing a crucial role in enhancing and improving teachers’ and students’ knowledge. Additionally, the increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology are expected to drive the growth of the AI in education market.

Browse 84 market data Tables and 55 Figures spread through 151 Pages and in-depth TOC on "AI in Education Market”
Buy Now@ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=200371366&utm_source=Openpr

The Natural Language Processing (NLP) technology segment is expected to grow at a higher CAGR during the forecast period.

In the education sector, the Natural Language Processing (NLP) technology is playing a crucial role to synthesize the educational data for generating the final output. As a result, the use of the NLP technology in educational applications is growing at a rapid pace. This technology helps in analyzing large volumes of data generated by education software.

The cloud deployment mode is expected to have the larger market size during the forecast period.

On the basis of deployment modes, the AI in education market is classified into cloud and on-premises. Among deployment modes, the cloud deployment mode is expected to have the larger market size during the forecast period. The adoption of the cloud deployment mode is growing, due to various reasons such as cost-effectiveness, the ease of deployment, and reduced operational cost.

The educational institutes end-user segment is expected to have the largest market size during the forecast period.
The AI technology is a leading trend in the education sector, as it can be easily integrated with educational systems for a better learning experience. AI-powered software can be crucial for scientific research and learning. This software can assist universities and institutes with medical research, technical projects, and clinical practices.

Inquiry before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=200371366&utm_source=Openpr

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.

In the Asia Pacific (APAC) region, the growing use of digital technology and increasing government support toward the education sector are expected to contribute to the growth of the AI in education market. Moreover, governments in this region are also investing in AI-powered technologies to enhance the quality of education delivered to students.

The AI in education market report encompasses the competitive landscape and company profiles of the key vendors based on their product offerings and business strategies. Major AI in education vendors include IBM (US), Microsoft (US), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar (US), Knewton (US), Metacog (US), Querium Corporation (US), Google (US), AWS (US), Cognizant (US), Carnegie Learning (US), Century-Tech (UK), Cognii (US), Elemental Path (US), Liulishuo (China), Nuance Communications (US), Osmo (US), Pearson (UK), Third Space Learning (UK), Quantum Adaptive Learning (US), ALEKS (US), and Blackboard (US).

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
MnM Blog: https://mnmblog.org/
Content Source: https://www.marketsandmarkets.com/PressReleases/ai-in-education.asp

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release AI in Education Market Projected to reach $ 3,683.5 Million by 2023 | Key players include IBM, Microsoft, AWS, Google and AWS here

News-ID: 1882281 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Learning

Artificial Intelligence (AI) Accelerator Market Size to Witness Growth Accelerat …
Global "Artificial Intelligence (AI) Accelerator Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete
Understanding Transfer Learning in Machine Learning
Machine learning (ML) is a rapidly evolving field, constantly introducing new concepts and techniques that push the boundaries of what computers can achieve. One such breakthrough is "transfer learning," a method that leverages pre-existing knowledge to solve new, related problems more efficiently. In this comprehensive article, we'll decipher what transfer learning entails, its significance, methodologies, applications, challenges, and prospects. What is Transfer Learning? Transfer learning is a machine learning technique where a
Learning Services Outsourcing Market Giants Spending Is Going to Boom | Caveo Le …
The latest study released on the Global Learning Services Outsourcing Market by AMA Research evaluates market size, trend, and forecast to 2028. The Learning Services Outsourcing market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Download
Virtual training computers for e-learning, blended learning and self-organized l …
The desktop-as-a-service (DaaS) provider deskMate, which specializes in virtual training computers offers its training customers "Validity Time", a function with which practice-oriented e-learning, blended learning and self-organized learning units can be mapped in a participant-friendly manner. In the case of self-organized learning forms, the participant determines the pace at which he or she works and also when which exercise module is worked on. For this reason, software exercises have been difficult
Learning Services Outsourcing Market to See Huge Growth by 2027 | Judge Learning …
Advance Market Analytics published a new research publication on “Global Learning Services Outsourcing Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Learning Services Outsourcing market was mainly driven by the increasing R&D spending across the world. Some of the key
Learning Services Outsourcing Market Seeking Excellent Growth |Judge Learning So …
HTF MI Analyst have added a new research study on Title Global Learning Services Outsourcing Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 with detailed information of Product Types, Applications [Certificate, Diploma and Others] & Key Players Such as Caveo Learning (United States), Judge Learning Solutions (United States), NetCom Learning (United States), NetCom Learning (United States), The Training Associates Corporation (Canada), Cognizant (United States), Cegos (France),