Global AI in Education Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.
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Global AI in Education Market
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The report covers an in depth analysis of COVID 19 pandemic impact on Global AI in Education Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global AI in Education Market Dynamics:
Artificial Intelligence is a booming technological domain capable of altering every aspect of our social interactions. In education, AI has begun producing new teaching and learning solutions that are now undergoing testing in different contexts. This working paper, written for education policymakers, anticipates the extent to which AI affects the education sector to allow for informed and appropriate policy responses. Various factors such as an increasing venture capital investment in AI & EdTech, exponentially growing digital data, growing integration of ITS in learning process, rising adoption of cloud-based services and growing need for multilingual translators integrated with the AI technology are driving the market growth over forecast period.
However, factors such as data safety & security issues, lack of skilled professionals, slow digitalization rate affecting the adoption of the AI technology in emerging economies, lack of appropriateness of Ai-enabled assessment processes are retraining the market growth over forecast period.
Global AI in Education Market is segmented by technology, by application, by component, by deployment model, by end user and by region. By technology, Natural Language Processing (NLP) held 62.45% of market share in 2019 and is expected to keep its dominance over forecast period due to the increasing demand among educational institutions to enhance the assessment & curriculum processes. It processes the increasing available speech & text in electronic format from chat rooms, discussion forums, and peer-to-peer review system to enhance the overall educational process. By application, an Intelligent Tutoring System (ITS) application segment is expected to hold 41.34% of market share over forecast period. An increasing demand to develop & test models of the cognitive processes involved in instruction to provide sophisticated instructional advice on a one-on-one basis.
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these APAC held 38.98% of market share in 2019 and is expected to keep its dominance over forecast period owing to a huge number of end-users utilizing education devices, thus leading to the increased demand for more AI-enabled solutions and services in this region. APAC is followed by North America and Europe. North America is expected to hold xx% of market share over forecast period due to increasing digitalization in the United States and Canada.
The rising internet penetration coupled with the proliferation of smartphones is supporting the growing digitalization. Supportive government policies and the rise in investments from private & public sectors in this region are expected to create lucrative opportunities for market over forecast period.
Report covers in depth analysis of key development, marketing strategies, supply chain analysis, valued chain analysis and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are IBM (US), Microsoft (US), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar (US), Knewton (US), Metacog (US), Querium Corporation (US), Google (US), AWS (US), Cognizant (US) and Carnegie Learning (US) among others. These key players are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansions, strategic alliances, diversification, new product launches and patent to increase their regional presence and business opeartions.
The objective of the report is to present a comprehensive analysis of the Global AI in Education Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global AI in Education Market dynamics, structure by analyzing the market segments and project Global AI in Education Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global AI in Education Market make the report investor’s guide.
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Global AI in Education Market by Technology
• Deep Learning and Machine Learning
• Natural Language Processing (NLP)
Global AI in Education Market by Application
• Virtual Facilitators and Learning Environments
• Intelligent Tutoring Systems (ITS)
• Content Delivery Systems
• Fraud and Risk Management
• Student-initiated learning
• Others (education data management, job recommendation, and training and development)
Global AI in Education Market by Component
• Solutions
• Services
Global AI in Education Market by Deployment Mode
• Cloud
• On-premises
Global AI in Education Market by End Use
• Educational Institutes
• Educational Publishers
• Others (Massive Open Online Courses (MOOCs), Virtual Learning Environments (VLEs), computer-based tests, adaptive learning, and immersive learning)
Global AI in Education Market by Region
• North America
• Europe
• Asia Pacific (APAC)
• The Middle East and Africa (MEA)
• Latin America
Global AI in Education Market Major Players
• IBM (US)
• Microsoft (US)
• Bridge-U (UK)
• DreamBox Learning (US)
• Fishtree (US)
• Jellynote (France)
• Jenzabar (US)
• Knewton (US)
• Metacog (US)
• Querium Corporation (US)
• Google (US)
• AWS (US)
• Cognizant (US)
• Carnegie Learning (US)
• Century-Tech (UK)
• Cognii (US)
• Elemental Path (US)
• Liulishuo (China)
• Nuance Communications (US)
• Osmo
• Pearson
• Third Space Learning
• Quantum Adaptive Learning
• ALEKS
• Blackboard
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