Artificial Intelligence in Education Market 2019: Company Profiles, Industry Profit Growth, Emerging Technologies, Business Trends, Global Segments, Landscape and Demand.
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Global Artificial Intelligence in Education Market is expected to reach an approximate market value of USD 2 billion by 2023 growing at a 38% CAGR during the forecast period 2018-2023 and Artificial Intelligence in Education Market Research Report, Application (Content Delivery Systems), Technology (Machine Learning, Natural Learning Process).
Artificial Intelligence in Education Market Synopsis
Artificial Intelligence (AI), when integrated with education sector, helps to tap new opportunities of an enhanced learning process and student engagement. With the use of artificial intelligence and cloud technologies, the students can get assistance regarding any basic or advanced concept any time they require. This helps students get educational support even after school hours.
The major factors contributing to the growth of AI in education is the growing adoption of automation technology, which helps in reducing the time and paperwork required for administrative tasks such as grading, admission process, and others which helps the professors to utilize this time for lesson planning and focusing on individual student. Adding to this, integration of AI offers customized and interactive software and services according to each student's need, which helps him/her to understand the concepts in an better way. By adopting the cloud deployment for Artificial Intelligence in Education Market, the services provided become feasible, scalable, and cost-effective.
The prominent players operating in the global artificial intelligence in education market comprises Microsoft Corporation (US), IBM Corporation (US), Amazon.com, Inc., (US), Google (US), Pearson (UK), Cognizant (US), DreamBox Learning (US), Bridge-U (UK), Jellynote (France), Fishtree (US), Knewton, Inc., (US), Jenzabar, Inc., (US), Querium Corporation. (US), Metacog, Inc., (US), Blackboard, Inc., (US), Century-Tech Ltd (UK), Quantum Adaptive Learning, LLC (US), and Third Space Learning (UK).
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Market Potential and Pitfalls:
With the help of technologies like natural learning and machine learning, artificial intelligence in the education sector helps to monitor a student's capability and also enhances the learning process. AI focuses on individual monitoring and learning and also assists the students in understanding the topic in depth. It offers customized and interactive software tools which are integrated with virtual and augmented reality deployed on tablets, smartphones, and wearable devices for students. The digital interactive content helps to catalyze a student's learning process.
This is considered to contribute to the growth of the market across the globe. Artificial intelligence in education also helps to minimize the time required for administrative tasks like admissions and grading. It also helps the institutions to provide equal focus to their students and also plan the lessons as required. The use of AI in education also offers behavior management and helps to understand the behavior pattern with the help of face recognition. Such factors are likely to contribute to the market growth in the coming years. Education institutes across the globe are extensively adopting cloud services to improve the overall experience and productivity, thereby propelling the growth of AI in education. The use of cloud services helps to minimize the cost of ownership for educational institutes, which helps to invest in support and maintenance of the infrastructural developments. Cloud computing also enables the universities and schools to upgrade their infrastructure with advanced technologies without any increase in the capital cost. Such factors are assumed to dictate the growth trajectory of the market.
Artificial Intelligence in Education Market Segmental Analysis:
The global artificial intelligence in the education market has been segmented on the basis of components, deployment, application, and technology.
By mode of deployment, the artificial intelligence in education market is segmented into on-premise and on-cloud. Among these, the on-premise segment is estimated to occupy a major share. The requirement to reduce operating costs and high capital requirements are the top factors likely to trigger the demand for on-premise deployment.
Based on component, the artificial intelligence in education market constitutes of software and services. Among these, the services segment is considered to occupy a significant share during the review period.
The global market for AI in education is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of AI in the education market is studied for North America, Europe, Asia-Pacific and the rest of the world.
North America is expected to emerge as the leading region for AI in education during the forecast period on the grounds of early adoption of technical advancements such as cloud technology, artificial intelligence, and machine learning. Additionally, majority of solution providers of AI in the education sector are from North America. Furthermore, well-established economies provide help in funding the study of emerging technologies such as digital learning and AI. Asia-Pacific is expected to grow at a significant rate due to increased adoption of cloud-based technologies owing to government policies and regulations to support digitization and automation. Also, increasing adoption of digital technologies for learning in countries such as China, India, and Japan in the education sector helps to enhance the learning process and increase student engagement.
May 2, 2019: A national artificial intelligence textbook has been recently released in order to promote AI to the students of primary school and younger groups. The textbook will enable the younger generation to have a better understanding of AI and also establish an eco-system for AI education and other AI applications.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table1 Global Ai In Education Market, By Country, 2018-2023
Table2 North America: Ai In Education Market, By Country, 2018-2023
Table3 Europe: Ai In Education Market: By Country, 2018-2023
List of Figures
Figure 1 Global Ai In Education Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter's Five Forces Analysis of Ai In Education Market
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|Article Type:||Company overview|
|Date:||Oct 23, 2019|
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