Press release
AI in Education Market Anticipated To Witness Robust Growth, Surpassing $30.28 Billion By 2029
AI in Education Market Size
What Is the Current AI in Education Market Size and Its Estimated Growth Rate?
The AI in Education Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current AI in Education Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the AI in Education Market Landscape?
The AI in education market covered in this report 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
Subsegments:
1) By Solutions: Learning Management Systems (LMS), Intelligent Tutoring Systems, Assessment And Testing Solutions, Content Creation Tools, Student Engagement Platforms
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Development Services, Data Analytics Services
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Which Growth Factors Are Influencing AI in Education Market Expansion?
The growth of the artificial intelligence (AI) in the education market is anticipated to be fueled by the increasing count of smartphone users. Users of smartphones, which are cellular phones featuring a computer along with other elements not traditionally associated with phones such as a web browser, an operating system, and the ability to run software applications, stand to gain from personalized and adaptable learning scenarios that incorporate AI into educational apps and platforms. The real-time engagement and interaction facilitated by smartphones, coupled with their widespread use, enhance the extent and efficacy of AI in education, rendering superior and customized learning more accessible to a wider demographic. For example, the Ericsson Mobility Report 2022 from the Sweden-based network and telecommunications corporation, Ericsson, shows there were 6,420 million smartphone subscriptions in 2022, projected to rise to 7,740 million by 2028. Consequently, the escalating number of smartphone users will spur the AI in education market.
Who Are the Dominant Players Across Different AI in Education Market Segments?
Major companies operating in the AI in education market include Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Cognizant Technology Solutions Corporation, Harbinger Group, Pearson plc, Nuance Communications Inc., McGraw Hill Education Inc., Blackboard Inc., Coursera Inc., Duolingo Inc., D2L Corporation, Age of Learning Inc., Jenzabar Inc., Netex Knowledge Factory S.A., Carnegie Learning Inc., DreamBox Learning Inc., Third Space Learning, Kadenze Inc., Knewton Inc., BridgeU Ltd., Century-Tech Limited, Cognii Inc., Fishtree Ltd., Prazas Learning Inc., Wooclap SA, YiXue Squirrel AI Learning Inc., Jellynote, Querium Corporation
What Are the Latest Developing Trends in the AI in Education Market?
Product innovation has emerged as a crucial trend for gaining traction in the AI in education market. Concentrating on the development of advanced solutions, key players in the AI in education market strive to solidify their market position. For instance, in February 2023, Nerdy Inc., a US-based live online learning technology platform for students, unveiled two new products - an AI-Generated Lesson Plan Creator and AI-Generated Chat Tutoring. These products, which incorporate ChatGPT into their comprehensive product suite, utilize an AI chatbot capable of crafting human-like conversation via natural language processing. The AI-generated lesson plan creator can produce an array of content for experts, providing detailed advice on lesson structuring and optimal content usage. On the other hand, the AI-fueled chat tutoring ensures round-the-clock assistance to consumer learning membership customers by offering prompt and precise responses to student enquiries.
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Which Geographic Regions Are Expected to Dominate the AI in Education Market in the Coming Years?
North America was the largest region in the artificial intelligence (AI) in education market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI in Education Market?
2. What is the CAGR expected in the AI in Education Market?
3. What Are the Key Innovations Transforming the AI in Education Industry?
4. Which Region Is Leading the AI in Education Market?
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