AI in education Market SWOT Analysis by Size, Status and Forecast to 2023-2031

According to new research study on "AI in education Market," the report delivers comprehensive insights into the market's size, share, trends, and analysis. It encompasses a wealth of information regarding the industry's overview, growth patterns, demand dynamics, and global forecasts. Additionally, the report meticulously evaluates the competitive landscape, offering detailed profiles of key market players. Factors driving growth, market constraints, and recent industry developments are thoroughly examined within the report to provide a more profound understanding of the industry.
Advantage of requesting Sample PDF Report Before purchase to know about:
• Segmenting breakdown data by regions, types, manufacturers, and applications.
• Analysing and evaluating the current and future global status of market, encompassing production, revenue, usage, historical data, and forecasts.
• Identifying significant trends, drivers, and influencing factors on a global and regional scale.
• Presenting key manufacturers, their production, revenue, market share, and recent developments.
• Examining competitive advancements such as expansions, agreements, new product launches, and acquisitions in the market.
• Exploring the market potential and advantages in both global and key regional areas, assessing opportunities, challenges, limitations, and risks.

AI in education Market is valued approximately at USD 2.5 billion in 2022 and is anticipated to grow with a growth rate of more than 1.5% over the forecast period 2023-2030. AI (Artificial Intelligence) is revolutionizing the field of education by introducing innovative technologies and tools that enhance the learning experience. AI in education refers to the integration of intelligent systems and algorithms to support various educational processes, from personalized learning to administrative tasks. One significant application of AI in education is personalized learning. AI algorithms can analyze student data, such as performance, learning styles and preferences to tailor educational content and provide personalized recommendations. This approach helps students learn at their own pace, address their individual needs, and improve their overall learning outcomes. Increasing use of Artificial Intelligence (AI) and growing EdTech Industry emerge as market elevators during the forecast period.

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According to the India Brand Equity Foundation (IBEF) in 2021, the valuation of the EdTech industry in India stood at USD 750 million in 2020, and it is expected to witness significant growth, reaching approximately USD 4 billion by 2025, with a compound annual growth rate (CAGR) of 39.77%. This growth is primarily fueled by the increasing demand for non-academic courses in tier II and III cities and the growing need for personalized learning experiences in the EdTech sector.

Approximately USD 1.5 billion from the estimated market value of USD 4 billion is expected to be allocated to K-12 education, encompassing after-school foundational and pre-preparational courses within the AI in education market. According to Statista in 2023, the expected revenue for the global artificial intelligence market in 2022 was estimated to be USD 433 billion. The market is anticipated to experience rapid expansion and in forecast period it is expected to surpass the milestone of approximately USD 500 billion by 2023. However, legal and regulatory framework and complex implementation with the existing systems may hamper the growth of Global AI in Education Market. However, global reach and scalability and skill development & future workforce readiness are potential market growth opportunities.

The key regions considered for the Global AI in education Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market with largest market share because of the existence of the major market players. The region has witnessed a high rate of technological advancement in almost every industry specially in Education and continuously adopting advanced technology integration with the existing systems. Asia Pacific emerges as to be the fastest growing region owing to factors such as emerging market for the advanced education technology & system and inclination towards higher education with a massive demand as the region witnessed 1/3rd of the world's population.

Major market player included in this report are:
Amazon Web Services, Inc.
International Business Machines (IBM) Corporation
Microsoft Corporation
Cognizant Technology Solutions Corp.
Google LLC
Pearson Plc
DreamBox Learning, Inc.
Carnegie Learning, Inc.
Nuance Communications, Inc.
Blackboard Inc.

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Recent Developments in the Market:
In October 2022, Zamit India Pvt. Ltd., an educational technology company, announced its plans to introduce a range of AI-powered products in line with the National Education Policy (NEP) 2020. With a focus on growth, the company intends to target eight million new users over the next three years by introducing innovative offerings such as ZQ, ZPD, GETs, and other distinct products and services.
In October 2022, Schoolnet India Limited, an ed-tech company, and vernacular ed-tech platform GUVI Geek Networks Limited entered into a Memorandum of Understanding (MoU) with the objective of providing coding skills to students who enroll on Geneo, Schoolnet's flagship product. This collaboration aims to offer Schoolnet learners, access to advanced technology and programming education, enabling them to explore new opportunities in the field.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Deployment, Technology, Application, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:
Solutions
Services

By Deployment:
Cloud
On-premises

By Technology:
Natural Language Processing (NLP)
Machine Learning

By Application:
Learning Platform & Virtual Facilitators
Intelligent Tutoring System (ITS)
Smart content
Fraud and Risk Management
Others

By End User:
K-12 Education
Higher Education
Corporate Training & Learning

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Report Components
Market Overview: This section encapsulates the current market scenario and the industry's scope. A comprehensive segmental analysis is detailed, covering major segments such as product types, applications, and regions. Revenue and sales forecasts are also a part of this overview.
Competitive Landscape: Shedding light on the market's competitive landscape, this segment delivers a detailed manufacturer analysis, providing insights into individual players' revenue and sales figures. Additionally, it encompasses significant mergers, acquisitions, and industry investments.
Regional Analysis: Offering an overview of market revenue, sales, and shares across major regions and sub-regions, this section also delves into the pricing structure, sales growth rate, and other essential estimations.
Company Profiles: This section furnishes strategic business data about key firms operating within the Market landscape. It encompasses product specifications, revenue shares, and portfolios of these major companies.
Research Methodology: The research methodology involves the collection, filtration, and analysis of data by expert analysts. The research process also includes interviews with the right stakeholders, making primary research both relevant and practical. The secondary research casts a brief look into the supply chain analysis. The primary and secondary research techniques used in the report ensure a thorough analysis of the market.
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviours, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
What are the pricing trends and strategies in the market?
What are the distribution channels and their effectiveness in reaching the target audience?
What are the regulatory and legal factors impacting the market?

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