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Generative Artificial Intelligence (AI) In Teaching Market Expansion Continues, with Forecast Valuation of $6.41 Billion by 2029
Generative Artificial Intelligence (AI) In Teaching Market
What Is the Expected CAGR for the Generative Artificial Intelligence (AI) In Teaching Market Through 2025?
There has been a significant expansion in the market size of generative artificial intelligence (AI) in teaching over the past few years. The market, which is valued at $1.07 billion in 2024, is projected to reach $1.53 billion by 2025, reflecting a compound annual growth rate (CAGR) of 43.4%. This considerable growth during the historic period is driven by factors such as a growing demand for individualized learning experiences, the emergence of online education, increased access to digital tools, a heightened requirement for scalable educational resources, and a strong inclination towards data-guided strategies to enhance educational results.
What's the Projected Size of the Global Generative Artificial Intelligence (AI) In Teaching Market by 2029?
The market size for generative artificial intelligence (ai) in the education sector is anticipated to experience vast growth in the coming years. Projected to reach $6.41 billion in 2029, it exhibits an impressive compound annual growth rate (CAGR) of 43.1%. The expansion during this period can be attributed to a surge in the demand for personalised education experiences, the growing use of digital education resources, the rising requirement for scalable education solutions, enhancements in AI's capacity to develop engaging content, the burgeoning interest in data-driven educational insights, and the growth of remote and hybrid education environments. Key trends projected for this period involve the adoption of AI-enabled adaptive learning platforms, improved tools for content creation, breakthroughs in real-time linguistic translation and assistance, developments in virtual tutoring, and automation of admin duties.
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Top Growth Drivers in the Generative Artificial Intelligence (AI) In Teaching Industry: What's Accelerating the Market?
The surge in online learning adoption is anticipated to boost the generative artificial intelligence (AI) teaching market's expansion. Online learning, which allows for the acquisition of knowledge and skills via digital platforms and internet tools, is increasingly chosen due to its convenience, affordability, wide course selection, cost efficiency, global reach, inclusivity, and its allowance for learning from any location at any given time. Generative AI enhances online learning, offering personalized content, immediate feedback, and engaging material support 24/7, thus making education more effective and accessible. For example, Eurostat, a governmental agency based in Luxembourg, revealed in January 2024 that in 2023, 30% of European internet users aged between 16 and 74 had engaged in an online course or had utilized online learning materials in the three months prior to the survey. This was a 2% increase from 2022. Hence, the increased adoption of online learning is fuelling the expansion of the generative artificial intelligence (AI) teaching market.
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What Trends Will Shape the Generative Artificial Intelligence (AI) In Teaching Market Through 2029 and Beyond?
Leading firms in the generative AI for teaching sector are creating groundbreaking products by incorporating natural language processing (NLP) into AI digital education to augment learning experiences and elevate student involvement. NLP allows generative AI to comprehend and react to unique student requirements by examining their language use and communication habits, subsequently facilitating the production of bespoke educational material and personal feedback, thus improving understanding and recall. For instance, CK-12 Foundation, an American non-profit educational entity, unveiled Flexi, an AI study aid on WhatsApp throughout India in June 2024. The purpose of this endeavor is to amplify educational reach by fusing avant-garde AI technology with the CK-12 syllabus. Flexi has been engineered to help learners by resolving mathematical challenges, elucidating principles, and offering scholastic advice in over 300 languages and dialects. The AI mentor employs natural language processing to comprehend and reply to scholar queries accurately, continually enhancing its efficacy through machine learning by scrutinizing user interactions and responses.
What Are the Main Segments in the Generative Artificial Intelligence (AI) In Teaching Market?
The generative artificial intelligence (ai) in teachingmarket covered in this report is segmented -
1) By Component: Software, Services
2) By Application: Content Creation For The Course, Personalized Lessons, Course Design, Chatbots For Student Support, Data Analytics For Students' Performance, Restoring Old Learning Material, Tutoring, Other Applications
3) By End-User: Higher Education, K-12 Education, Corporate Training And Learning
Subsegments:
1) By Software: AI-Powered Learning Management Systems (LMS), Adaptive Learning Platforms, Virtual Tutoring Software, AI-Driven Assessment And Grading Tools, Gamification And AI-Based Learning Tools
2) By Services: AI-Driven Curriculum Development Services, Teacher Training And Support Services, Integration And Implementation Services, AI-Based Educational Content Creation Services, Consulting Services For AI in Education
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Which Top Companies are Driving Growth in the Generative Artificial Intelligence (AI) In Teaching Market?
Major companies operating in the generative artificial intelligence (AI) in teaching market are Google LLC, Microsoft Corporation, International Business Machines Corporation, Adobe Inc., Pearson plc, OpenAI, Pegasystems Inc., Duolingo, Coursera Inc., Elevate K-12, Kahoot, Quizlet Inc., Carnegie Learning Inc., Nearpod, DreamBox Learning, Moodle Pty Ltd., Khan Academy Inc., Brainly, Knewton Inc., Sana Labs AB, Cerego Inc., Kidaptive Inc., nolej AI, Squirrel Ai Learning, Speechify
Which Regions Will Dominate the Generative Artificial Intelligence (AI) In Teaching Market Through 2029?
North America was the largest region in the generative artificial intelligence (AI) in teaching market in 2024. The regions covered in the generative artificial intelligence (AI) in teaching market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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