Artificial Intelligence in the Education Sector Market Size to Boost USD 17.83 Billion By 2027 | CAGR 43.8% - Published by Emergen Research

The global artificial intelligence in the education sector market is expected to reach amarket size of USD 17.83 Billion by 2027 and register a significantly high CAGR, according to latest analysis by Emergen Research. Rising demand for real-time learner's progress monitoring and analysis solution is a primary factor driving growth of the global artificial intelligence in the education sector market, and this is further expected to increase exponentially over the forecast period. Growing demand for artificial intelligence (AI) technology to simplify administrative processes in institutions is projected to further propel global artificial intelligence in the education sector market growth during the forecast period. Rising venture capital funding in EdTech companies is also expected to boost growth of the global artificial intelligence in the education sector market over the next few years.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Artificial Intelligence in the Education Sector Market :

Several factors are driving the expansion of the AI in the education sector. One key driver is the growing demand for personalized learning experiences tailored to individual student needs and learning styles. AI-powered adaptive learning platforms analyze student data and behavior to provide customized learning paths and recommendations, improving learning outcomes and engagement. Moreover, the increasing availability of digital learning resources and online education platforms, coupled with advancements in AI technologies such as natural language processing and machine learning, enables the development of interactive and immersive learning experiences that transcend traditional classroom boundaries.

Growth Factors of the Artificial Intelligence in the Education Sector Market :

The AI in the education sector market is propelled by various growth factors, including the need to address educational inequalities and improve access to quality education for all learners. AI-powered educational tools can bridge learning gaps by providing personalized support and interventions to students with diverse backgrounds and learning needs. Additionally, AI-driven analytics and predictive modeling help educators identify at-risk students early and implement targeted interventions to prevent academic struggles and dropout rates. Furthermore, the adoption of AI in administrative tasks such as student enrollment, scheduling, and resource allocation streamlines operations and enhances organizational efficiency, freeing up educators' time to focus on teaching and student support.

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The report also discusses the key players involved in the market such as:

Google LLC, Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, Cognizant Technology Solutions Corp, Pearson PLC, Nuance Communications Inc., Blackboard Inc., Carnegie Learning, Inc., and Cognii, Inc.

The report provides a thorough estimation of the overall impact of the pandemic on the Artificial Intelligence in the Education Sector Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Artificial Intelligence in the Education Sector Market

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Artificial Intelligence in the Education Sector Latest Industry News

In September 2020, Carnegie Learning, Inc. announced the acquisition of Scientific Learning Corporation. Through the acquisition, Carnegie Learning will strengthen its education technology portfolio to enhance student learning outcomes.

In January 2020, Smart Sparrow Pty Limited was acquired by Pearson PLC. The acquisition will significantly boost Pearson's existing adaptive learning capability and further drive the deployment of Pearson's Global Learning Platform (GLP).

Artificial Intelligence in the Education Sector Market Segment Analysis :

Emergen Research has segmented the global artificial intelligence in the education sector market on the basis of deployment, technology, application, end-use, and region.

Deployment Outlook (Revenue, USD Billion; 2020-2027)

Cloud-based
On-premises
Technology Outlook (Revenue, USD Billion; 2020-2027)

Natural Language Processing
Deep Learning
Machine Learning
Application Outlook (Revenue, USD Billion; 2020-2027)

Virtual Learning Environment
Smart Content
Intelligent Tutoring Systems
Others
End-use Outlook (Revenue, USD Billion; 2020-2027)

K-12 Education
Higher Education
Corporate Learning
Regional Outlook (Revenue, USD Billion; 2020-2027)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA

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