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AI In Education Market Size, Trends, Share, Analysis, Key Drivers, Top Companies And Forecast To 2032
AI In Education Market Analysis
The Business Research Company's AI In Education Global Market Report 2023 identifies rising number of smartphone users as the major driver for the AI in education market's growth in the forecast period. Smartphone users utilize a cellular phone that contains a computer and other features previously not related to phones, including a web browser, an operating system, and the ability to run software programs. Smartphone users benefit from tailored and adaptable learning experiences incorporating AI technology into educational applications and platforms. Additionally, smartphones enable real-time interaction and engagement, allowing students to communicate seamlessly with AI-powered virtual assistants (tutors), and their widespread adoption expands the reach and impact of AI in education, making high-quality and personalized learning more accessible to a larger population.
The global artificial intelligence (AI) in education market is expected to grow from $2.85 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 39.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) in education market is expected to reach $15 billion in 2027 at a CAGR of 39.3%.
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Major competitors in the AI in education market are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Cognizant Technology Solutions Corporation, Harbinger Group, Pearson plc.
A key trend in the AI in education market includes product innovations . Major companies operating in artificial intelligence (AI) in the education market are focused on innovating advanced solutions to strengthen their position in the market. For instance, in February 2023, Nerdy Inc., a US-based technology platform for live online learning for students, launched two new products, an AI-Generated Lesson Plan Creator and AI-Generated Chat Tutoring, which are integrated with ChatGPT into its full suite of products. ChatGPT is an AI chatbot that uses natural language processing to create human-like conversational dialogue. The product's AI-generated lesson plan creator can generate a variety of content for Experts, including in-depth suggestions on how a lesson might be structured and how content could be best leveraged, and AI-enabled chat tutoring provides real-time support to consumer learning membership customers 24x7 by providing quick and accurate responses to student questions.
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The AI in education market is segmented -
1) By Component: Solutions, Services
2) By Technology: Natural Language Processing (NLP), Machine Learning
3) By Deployment: Cloud, On-Premises
4) By Application: Learning Platform And Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud And Risk Management, Other Applications
5) By End-User: K-12 Education, Higher Education, Corporate Training And Learning
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in education market.
The Business Research Company's "Global AI In Education Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In Education Market Include:
1. Executive Summary
2. AI In Education Market Characteristics
3. AI In Education Market Trends And Strategies
4. AI In Education Market - Macro Economic Scenario
5. Global AI In Education Market Size and Growth
………
32. Global AI In Education Market Competitive Benchmarking
33. Global AI In Education Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI In Education Market
35. AI In Education Market Future Outlook and Potential Analysis
36. Appendix
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