Artificial Intelligence: Enhancing Learning Methods

According to Goldstein Research, “Growing global digitalization and rapidly changing technologies fostering the growth of fastest evolving artificial intelligence technology." Artificial intelligence will help the education sector by enhancing the conventional teaching process in schools and universities. In future, AI technology does not substitute for teachers but compliment them, showcasing huge opportunity for the education system to dynamically include technology rather than passively accepting the internet as the modern encyclopaedia.

The global artificial intelligence in education sector market is segmented based on technology, by AI based educational model and by services. AI based educational model is further bifurcated into Learner model, Pedagogical model and Domain model. In 2016, the learner model dominated the AI in education sector market for more than 58% of the total market share. The rising numbers of startups are focusing on designing content-based products and services for the education sector which will drive the growth of learner model segment. Additionally, various AI technology vendors are embedding adaptive learning technology to support smart learning options for students.

Global artificial intelligence market in education sector is likely to enlarge at CAGR of more than 49.0% over the forecast period i.e. 2016-2024. The growth is majorly attributed to the rising need for adoption of ITS (intelligent tutoring systems) in the learning process.

By far, Europe accounted for the largest market share in global artificial intelligence in education sector and is expected to dominate the market over the forecast period of 2016-2024. Europe artificial intelligence in education sector market is projected to expand at remarkable CAGR of more than 50.0% by 2024. In Europe, United Kingdom holds the strongest position in AI ecosystem with approximately 121 AI firms in U.K, with London as the hotspot for AI start-ups. AI companies from U.K, Germany and France, accounts for over 50% of the total European AI ecosystem.

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Adaptive Learning: Major Trend

Despite the progress which has been made in the field of artificial intelligence, adaptive learning still has a time until it can become ubiquitous. However, adaptive learning is an emerging trend with more than 40 companies such as Knewton and DreamBox Learning, already has marketing adaptive learning system to schools in North America, Europe and in some countries of Asia Pacific region. For instance, at Arizona State University, an adaptive learning program is facilitating students who are stressed with remedial maths and students passed rate has improved from 66% to 75% and dropout rates declined by 7%.

“Global Artificial Intelligence in Education Sector Market Outlook 2024” contains detailed overview of the global artificial intelligence in education sector market in terms of market segmentation by technology type, by AI based educational models and by services.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Artificial Intelligence in Education Sector Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as IBM Corp, Cognizant, Nuance Communications, Quantum Adaptive Learning, ALEKS, Blackboard, Dream Box Learning, Jenzabar etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global artificial intelligence in education sector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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