AI in Education Market Outlook, Development Strategy and Forecast 2023-2029

Embark on a journey through the transformative landscape of the AI in Education market, where technology converges with learning to shape the future of education. With a market size valued at US$ 2.90 Bn. in 2022, the sector is poised for exceptional growth, projecting a remarkable CAGR of 43.8% from 2023 to 2029, reaching an impressive US$ 36.93 Bn.

AI in Education Overview:
Artificial Intelligence (AI) emerges as the catalyst in reshaping educational landscapes, offering solutions that span knowledge delivery, performance-based grading, and intelligent tutorial systems. This integration of AI brings about a paradigm shift in learning experiences, solving challenges such as language processing, reasoning, and cognitive modeling. Deep learning, machine learning, and natural language processing (NLP) become the driving forces behind the evolution of educational systems.

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Market Dynamics:

Conversational Learning: The rise of conversational learning, driven by digitization and e-learning, stands out as a prominent trend. This two-way dialogue approach enhances engagement, interactivity, and personalization for students, with chatbots playing a pivotal role.

AI-Based Learning Platforms: Businesses focus on developing AI-based learning platforms, exemplified by GoLearn Education Ltd.'s introduction of GoLearn-an AI-based English Language Teaching & Learning (ELTL) platform. These platforms cater to personalized and interactive learning experiences.

Driving Factors:

Intelligent Adaptive Learning (IAL): The growth in IAL, rapid IT development, collaborative efforts between vendors and institutions, and leveraging available devices propel the AI in Education market.

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Segment Analysis:

Deployment: The cloud segment is expected to grow at a 50% CAGR through 2029, attributed to increased use, cost efficiency, and infrastructure improvements in educational institutions.

by Deployment

On-Premise
Cloud
Component: The services component is estimated to grow at a faster CAGR, reflecting the surge in demand for AI-enabled solutions and services in educational organizations.

by Component

Solutions
Services

Technology: NLP technology is projected to grow at a faster rate than machine learning and deep learning, driven by increased demand for virtual support in schools and colleges.

by Technology

Deep Learning & ML
NLP

Application: Virtual facilitators & learning environments, ITS, CDS, fraud and risk management represent the diverse applications of AI in Education, creating a multifaceted impact on the sector.

by Application

Virtual Facilitators & Learning Environments
ITS
CDS
Fraud and Risk Management

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AI in Education Market Key Players?

1.IBM (US)
2. Microsoft (US)
3. Bridge-U (UK)
4. DreamBox Learning (US)
5. Fishtree (US)
6. Jellynote (France)
7. Jenzabar (US)
8. Knewton (US)
9. Metacog (US)
10. Querium Corporation (US)
11. Google (US)
12. AWS (US)
13. Cognizant (US)
14. Carnegie Learning (US)
15. Century-Tech (UK)
16. Cognii (US)
17. Elemental Path (US)
18. Liulishuo (China)
19. Nuance Communications (US)
20. Osmo (US)
21. Pearson (UK)
22. Third Space Learning (UK)
23. Quantum Adaptive Learning (US)
24. ALEKS (US)
25. Blackboard (US)

Table of content for the AI in Education Market includes:

Part 01: Executive Summary

Part 02: Scope of the AI in Education Market Report

Part 03: AI in Education Market Landscape

Part 04: AI in Education Market Sizing

Part 05: AI in Education Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Leading the charge with a 40% CAGR through 2029, North America's dominance is attributed to a well-developed educational infrastructure, increased EdTech spending, and a focus on personalized learning.

Asia Pacific: Expected to grow at the fastest rate due to a high number of end-users utilizing educational gadgets, fostering a higher demand for AI-enabled solutions and services.

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