Rising inclination of educational institutes towards innovative learning models and technologies are impelling the growth of AI in education market. AI is widely used in the language translation, information retrieval, and knowledge acquisition applications. The market size of AI in Education is estimated to be $1.2 billion in 2021 and projected to reach $13.8 billion by 2030. The market is anticipated to flourish at a CAGR of 29.1% during forecast period i.e. 2021-2030. Continuous enhancement and enhancement in educational technologies is believed to positively impact the growth the growth of AI in education market. Further, rising popularity of e-learning platforms is a major factor which is supplementing the growth of the market.
Market Segmentation:
This report broadly segments the global AI in education market into offering, deployment model, application and end user. The AI in education market, by offering is segmented into solutions and services. The solutions segment is sub-segmented into software tools and platforms. The services segment is also further sub-segmented into professional services and managed services. In solutions segment, platforms market is expected to witness exponential growth over the forecast period. On the basis of end user, the global AI in education market is segmented into educational institutes, educational publishers and others. In 2020, educational publishers segment held the largest percentage share of the global AI in education market by end user.
In the terms of geography, the global AI in Education market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In 2020, North America grabbed the major market of the AI in Education. However, Asia-Pacific is poised to grow at significant CAGR during the forecast period. Japan AI in Education market is expected to grow at faster rate as compared to other countries in Asia Pacific.
Competitive Landscape:
The report offers comprehensive coverage of major vendors including recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis etc.
Some of the key players mentioned in the report are Pearson, Blackboard Inc., Nuance Communications, AnyVision, Microsoft, IBM, Google, Amazon Web Services, Inc., Cognizant, Quantum Adaptive Learning, LLC and Other Key & Niche Vendors.
Scope of the report:
This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.
Segments Covered:
AI in Education Market by Offering
- Solutions
- Software Tools
- Platform
- Services
- Professional Services
- Managed Services
AI in Education Market by Deployment Model
- On-Premise
- Cloud
AI in Education Market by Application
- Virtual Facilitators and Learning Environments
- Intelligent Tutoring Systems
- Content Delivery Systems
- Fraud and Risk Management
- Others
AI in Education Market by End User
- Educational Institutes
- Educational Publishers
- Others
AI in Education Market by Region
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Report Structure
The AI in Education market report offers a comprehensive market breakdown on the basis of value, CAGR, and Y-o-Y growth. A market attractiveness analysis on the basis of offering, deployment model, application, end user and region is also provided in the report which helps you build a 360 degree perspective on the AI in education market.
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