AI in Education Market Overview: 

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “AI in Education Market” size was valued at US$ 2.90 Bn. in 2022 and the total revenue is expected to grow at 43.8% through 2023 to 2029, reaching nearly US$ 36.93 Bn.

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AI in Education Market Dynamics:

One significant development in the market for AI in education is the rising emphasis on conversational learning. As the emphasis on digitalization and e-learning has grown, conversational learning has emerged as a crucial component of education all over the world. Information is conveyed through a two-way conversation in the notion of conversational learning. Students' learning experiences become more dynamic, customised, and engaging thanks to conversational learning technologies. As they are designed to accommodate the demands of the student, chatbots thus play a crucial role in the educational process.

AI in Education Market Segmentation: 

by Deployment
On-Premise
Cloud

According to deployment, On the basis of deployment, the market for AI in education is divided into On-Premise and Cloud segments. Through 2029, the market for AI in education is projected to develop at a CAGR of 50% for the cloud sector. The rise in usage of cloud services, which reduces the cost of ownership for educational institutions and enables them to invest in the infrastructure upgrades required to deliver high-quality education, is credited to the growth. Additionally, it makes it possible for universities and institutions to incorporate cutting-edge technology into their existing infrastructure without having to spend a lot of money on it.

by Component
Solutions
Services

The market for artificial intelligence in education is divided into solutions and services based on component. The demand for AI-enabled solutions and services in educational organisations has increased as a result of increased government funding and technological improvements, and the Services component is predicted to rise at a quicker CAGR throughout the projected period.

by Technology
Deep Learning & ML
NLP

The AI in Education Market is divided into two categories based on technology: Deep Learning & ML and NLP. NLP technology is anticipated to advance more quickly than machine learning and deep learning during the anticipated time frame. This quick expansion might be attributed to rising K–12 student and college demand for virtual assistance as well as rising educational institution investments in cutting-edge technology. Additionally, the usage of NLP technology in the education sector is expanding to assist in decoding digitally recorded data and comprehending human languages from various data sets.

by Application
Virtual Facilitators & Learning Environments
ITS
CDS
Fraud and Risk Management

The AI in Education Market is divided based on application into Virtual Facilitators & Learning Environments, ITS, CDS, Fraud and Risk Management. Digital education learning technology is another name for the use of virtual facilitators and learning settings. The elements of VLEs include information distribution, academic planning and mapping, student interaction, administration, and real-time communication. The AI-powered virtual facilitator also functions as a multilingual translator, student mentor, and assistant to the lecturer. These AI-enabled facilitators and environments cater to people's learning needs for autonomous educational programmes and home-based education. Virtual environments also enable students to apply a variety of academic disciplines and social development ideas to difficult real-world social problems. The use of virtual facilitators and learning environments combines artificial.

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AI in Education Market Scope and Methodology

The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the AI in Education market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants.  The bottom-up approach was used in the report to estimate the AI in Education Market.  The primary and secondary data sources were used to collect data.

AI in Education Market Key Players: 

1.IBM (US)
2. Microsoft (US)
3. Bridge-U (UK)
4. DreamBox Learning (US)
5. Fishtree (US)
6. Jellynote (France)
7. Jenzabar (US)
8. Knewton (US)
9. Metacog (US)
10. Querium Corporation (US)
11. Google (US)
12. AWS (US)
13. Cognizant (US)
14. Carnegie Learning (US)
15. Century-Tech (UK)
16. Cognii (US)
17. Elemental Path (US)
18. Liulishuo (China)
19. Nuance Communications (US)
20. Osmo (US)
21. Pearson (UK)
22. Third Space Learning (UK)
23. Quantum Adaptive Learning (US)
24. ALEKS (US)
25. Blackboard (US)

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AI in Education Market Regional Insights: 

The AI in Education market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.

Key questions answered in the AI in Education Market are:

  • What is AI in Education?
  • What was the AI in Education market size in 2022?
  • What are the different segments of the AI in Education Market?
  • What growth strategies are the players considering to increase their presence in AI in Education?
  • What are the upcoming industry applications and trends for the AI in Education Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the AI in Education Market?
  • Who are the key players in the AI in Education market?
  • What segments are covered in the AI in Education Market?
  • Who are the leading companies and what are their portfolios in AI in Education Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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