Artificial intelligence in the education market is worth US$10.248 billion in 2024. It is projected to exhibit a remarkable CAGR of 33.51%, reaching a market value of US$43.467 billion by 2029.
AI-based solutions and services have various applications in education. These range from delivering knowledge to customizing learning experiences for each student based on their performance. Additionally, AI can be used to strategically deploy adaptive tutorial systems, improving learning solutions and adding better value for both educators and students in the education domain. AI mostly works on deep learning, machine learning, and analytics. Moreover, these solutions provide an interactive learning experience for every learner, guarantee the quality of education, and support learners in advancing their current knowledge and skills.
The market for AI in education is highly fragmented, with most industry players leading with innovations. Key players are expanding their presence in regional and global markets and adopting all strategies to acquire a large portion of the market. These market players include IBM, Microsoft, and Google, among others.
The rise of digital technology, marked by the use of smart devices and digitization across all verticals, is a fundamental driver for this diversification in AI-based education. Furthermore, AI solutions provide individualized learning experiences to meet the requirements of each user. They anticipate students' paths, proffer learning trajectories, pinpoint weaknesses, and leave learners to evaluate their areas in need of improvement. This helps in augmenting student capabilities, which are expected to foster AI in the education market’s growth over the forecast period.
These efforts include increasing the commitments by countries to bolster the future AI workforce, consistent with a report from Niti Aayog National Strategy for Artificial Intelligence. For example, the UK has set a target to deliver more than 1,000 government-supported PhD researchers by 2025andhasannounced Turing fellowships for early AI researchers. China, meanwhile, initiated a university project in April 2018 that ran for five years and educated at least 500 teachers and 5,000 students on AI tech. Further, national governments and corporations are realizing how important AI is and actively investing in its potential.
Moreover, countries in North America, especially the United States, are increasingly utilizing smart content in schools and educational institutions due to its capability to give insights about learning platforms, which are vital for the teaching sector. The demand for AI-supported, personalized education solutions further accentuates this growth. These solutions assist in understanding students more profoundly, their interests, educational background, and future academic goals, which makes them unable to provide personalized services.
AI-based solutions and services have various applications in education. These range from delivering knowledge to customizing learning experiences for each student based on their performance. Additionally, AI can be used to strategically deploy adaptive tutorial systems, improving learning solutions and adding better value for both educators and students in the education domain. AI mostly works on deep learning, machine learning, and analytics. Moreover, these solutions provide an interactive learning experience for every learner, guarantee the quality of education, and support learners in advancing their current knowledge and skills.
The market for AI in education is highly fragmented, with most industry players leading with innovations. Key players are expanding their presence in regional and global markets and adopting all strategies to acquire a large portion of the market. These market players include IBM, Microsoft, and Google, among others.
The rise of digital technology, marked by the use of smart devices and digitization across all verticals, is a fundamental driver for this diversification in AI-based education. Furthermore, AI solutions provide individualized learning experiences to meet the requirements of each user. They anticipate students' paths, proffer learning trajectories, pinpoint weaknesses, and leave learners to evaluate their areas in need of improvement. This helps in augmenting student capabilities, which are expected to foster AI in the education market’s growth over the forecast period.
ARTIFICIAL INTELLIGENCE IN EDUCATION MARKETDRIVERS:
- Increasing investment in AI is anticipated to drive the growth of global AI in the education market.
These efforts include increasing the commitments by countries to bolster the future AI workforce, consistent with a report from Niti Aayog National Strategy for Artificial Intelligence. For example, the UK has set a target to deliver more than 1,000 government-supported PhD researchers by 2025andhasannounced Turing fellowships for early AI researchers. China, meanwhile, initiated a university project in April 2018 that ran for five years and educated at least 500 teachers and 5,000 students on AI tech. Further, national governments and corporations are realizing how important AI is and actively investing in its potential.
Artificial Intelligence In Education Market Geographical Outlook:
- The North American region is expected to hold a significant artificial intelligence in education market share.
Moreover, countries in North America, especially the United States, are increasingly utilizing smart content in schools and educational institutions due to its capability to give insights about learning platforms, which are vital for the teaching sector. The demand for AI-supported, personalized education solutions further accentuates this growth. These solutions assist in understanding students more profoundly, their interests, educational background, and future academic goals, which makes them unable to provide personalized services.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Market Segmentation:
The Artificial Intelligence In Education market is segmented and analyzed as below:- By Technology
- Deep Learning
- Machine Learning
- Natural Language Processing
- Computer Vision
- By Deployment
- Cloud
- On-premise
- By Solution
- Software
- Services
- Hardware
- By End-User
- Automotives
- Communications
- Manufacturing
- Healthcare
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Indonesia
- Others
- North America
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. ARTIFICIAL INTELLIGENCE IN EDUCATION MARKET BY TECHNOLOGY
6. ARTIFICIAL INTELLIGENCE IN EDUCATION MARKET BY DEPLOYMENT
7. ARTIFICIAL INTELLIGENCE IN EDUCATION MARKET BY SOLUTION
8. ARTIFICIAL INTELLIGENCE IN EDUCATION MARKET BY END-USER
9. ARTIFICIAL INTELLIGENCE IN EDUCATION MARKET BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this Artificial Intelligence in Education Market report include:- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- IBM Corporation
- NVIDIA Corporation
- People.ai Inc
- Cisco Systems
- Verint Systems
- Salesforce
- Siemens AG
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 10.25 billion |
| Forecasted Market Value ( USD | $ 43.47 billion |
| Compound Annual Growth Rate | 33.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
