COVID-19 Impact Review: AI in Education Market in 2020? | Know the Challenges and Trend Analysis | Key Players are IBM Corporation, Microsoft Corporation, Nuance Communications Inc., Google LLC, Amazon Web Services Inc.

The focus on digitization and e-learning is increasing rapidly in order to enhance the quality of education that is provided. Ascribed to this, the concept of conversational learning is also becoming an important aspect of education around the globe. The concept of conversational learning involves the presentation of content as a two-way conversation. Teaching through conversational learning solutions makes the process more interactive and interesting for the children. Since, chatbots can be programmed as per the learner’s needs, they are becoming an important part of the conversational learning process.

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Because of this, the application of artificial intelligence (AI) in the education sector is rising. AI in education majorly focuses on identifying the needs of students and developing personalized curriculum for enhancing the learning experience of students. According to a P&S Intelligence report, in 2019, the global AI in education market reached $1.1 billion and is predicted to generate $25.7 billion in 2030, advancing at a 32.9% CAGR during the forecast period (2020–2030). The two components in the domain are service and solution, between which, the larger demand was created for AI solutions during 2014–2019. Hardware and software tools & platforms are the two major AI in education solutions.

This market research report provides a comprehensive overview of the AI in Education market

* Historical and the present size of the AI in Education market

* Future potential of the market through its forecast for the period 2020– 2030

* Major factors driving the market and their impact during the short, medium, and long terms

* Market restraints and their impact during the short, medium, and long terms

* Recent trends and evolving opportunities for the market participants

* Historical and the present size of the market segments and understand their comparative future potential

* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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The research offers market size of the AI in Education Market for the period 2014–2030.

Market Segmentation by Component
Solution
* Hardware
* Software tools and platforms
Service
* Professional
* Managed

Market Segmentation by Deployment
Cloud
On-Premises

Market Segmentation by Technology
Natural Language Processing (NLP)
Machine Learning (ML)
Others (Image Processing, Cognitive Computing, and Video Recognition)

Market Segmentation by Application
Content Delivery Systems
Learning Platforms
Virtual Facilitators
Intelligent Tutoring Systems
Others (Interactive Websites and Chatbots)

Market Segmentation by End Use
K–12 Education
Higher Education
Academic Research
Corporate Training

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