Global Artificial intelligence In Education Market is valued at USD 1.75 Billion in 2021 and expected to reach USD 17.43 Billion by 2028 with a CAGR of 38.8% over the forecast period.
Global Artificial intelligence In Education Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The growing need for Intelligent Tutoring Systems (ITSs) is supporting the expansion of AI in the education business. The goal of ITSs is to effectively enable learning. The increasing incorporation of ITSs throughout the learning method has aided in enhancing students' education styles, providing tailored coaching, and high-quality schooling to students, consequently speeding up industry statistics.
Artificial intelligence can help to improve the educational system. In education, artificial intelligence is employed to simplify grading, assist instructors and students, fulfill a range of student needs, enable teachers to function as learning motivators, give individualized guidance, and discover classroom shortcomings. Artificial intelligence offers the potential to speed the education process, streamlining things from applications to assessments. Presently, AI can automate the evaluation of multiple-choice materials; but, as AI improves and grows more sophisticated, it is believed that the system will be able to evaluate more than standardized examinations. The increasing number of adaptable learning programs, sports, and applications as a result of technology improvement is a significant driver fueling growth of the global Artificial Intelligence in Education market.
Worldwide, the COVID-19 pandemic had a significant effect on economies and industrial sectors. The COVID-19 pandemic, on the other hand, boosted the significance of online learning. The COVID-19 outbreak is predicted to have a limited influence on worldwide artificial intelligence in the schooling industry in the immediate future. Because of the shutdown, academic institutes have been completely shut down, resulting in little development in artificial intelligence at academic institutions. Furthermore, industry experts estimate that AI-powered software products are in great demand along a wide range of locations. These participants provide adaptive learning systems, virtual learning assistants, and other services. Furthermore, by spending enormous sums of money in the market, various technological businesses are growing their portfolios and constructing innovative platforms. Many colleges and institutions are engaging in technology, such as the University of Florida, which spent $70 million in Intelligence in education via a partnership with Nvidia in July 2020, according to Nvidia.
The global artificial intelligence in education market is segmented based on the technology, component, deployment, application, end-use, and region & country level. Based on technology, the global market is segmented into deep learning, machine learning, and Natural Language Processing (NLP). By component, the market is segmented into solution, and service [professional service, managed service]. By deployment, the global artificial intelligence in education market is segmented into on-premise, and cloud. By application, the global artificial intelligence in education market is segmented into Intelligent Tutoring System (ITS), learning platform & virtual facilitators, fraud & risk management, smart content. By end-user, the global market is segmented into K-12 education, higher education, and corporate learning.
The regions covered in the global artificial intelligence in education market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Artificial intelligence In Education is sub divided into the U.S., Mexico, Canada, the U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major players in the global Artificial intelligence In Education market report cover prominent names
On November 24th, 2022; The Indian government established the Youth for Unnati and Vikas with AI initiative (YUVAi), which seeks to bridge the growing skill gap and build digital preparation in next-generation youngsters. The YUVAi innovation competition seeks to create an in-depth knowledge of AI technology by providing school kids from grades 8th to 12th throughout the country with AI services. The effort would assist in empowering these learners to become human-centric AI developers and users.
On November 8th, 2022; Infosys, a worldwide pioneer in next-generation technology solutions and consulting, announced a partnership with Northwestern University's Kellogg School of Management (Kellogg). Infosys as well as Kellogg will work together to expedite Artificial Intelligence (AI)-centered training for Infosys workers via this relationship. Infosys as well as Kellogg have inked a three-year partnership to train over 600 Infoscions engaged in AI-related initiatives with artificially intelligent foundations via the AI Applications for Development program, with the goal of adding actual benefit to client work.
On November 25th, 2022; Omdena has formed four new agreements with educational institutions in Africa in order to give the greatest artificial intelligence and computational intelligence learning opportunity possible. The four collaborations will develop an Omdena Data Science Professional Degree Program (ODSPDP). Omdena Data Science Professional Degree Program is a one-of-a-kind degree program designed by Omdena School to enable students with a comprehensive education on real-world projects that want to pursue a profession in the Al sector. The curriculum aims to instill knowledge, communication skills, collaboration, and analytical thinking.
During the forecast period, artificial intelligence in the education market is predicted to increase at an exponential rate. This is due to the growing implementation of innovations in the education industry including effective teaching, chatbots, and others for improved concept comprehension among students. Furthermore, the growing use of digitalization and cloud-based technology is likely to enhance AI in the education industry.
The broad variety of advantages provided by AI in the education industry, such as enhanced learning methods, individualized tutoring, quality of teaching, and others, are projected to be important contributing elements that will fuel the expansion of ai technology in the learning industry. Individuals' ability to access a broad range of data to effectively educate themselves is predicted to be a major potential in AI in the schooling sector. The growing implementation of machine intelligence and deep training techniques in the education industry is likely to drive market development over the projected timeframe.
Using AI, edtech businesses are developing creative ways to help individuals learn hard topics more easily. For instance, in January 2021, Indian edtech firm DcodeAI introduced a brand-new DIY learning management system for youngsters aged 12-18 years, which integrates machine learning, natural language processing (NLP), and information science. The goal of this technique is to provide AI capabilities to kids in elementary and secondary school who don't have a professional coding background. Such efforts will accelerate the implementation of AI to provide a novel approach to conventional learning methods.
South America and Asia Pacific, two of the world's fastest-expanding areas, are experiencing significant technical and digital disparities in the education business. AI understanding in the education sector is quite poor in nations like India and various Asian nations. The internet infrastructure required to operate machine learning in the educational business at a distant site is inefficient. As a result, ignorance regarding artificial intelligence in training and a lack of network infrastructure are impeding industry expansion.
Geographically, North America has the largest share of the market for AI in education. Additionally, the region's industry is expected to grow considerably throughout the projection period. This is attributable to the region's well-developed instructional facilities, along with an increasing emphasis on lowering organizational burdens on educators, growing EdTech expenditure, rising demands for personalized learning in a classroom setting, and soaring demand for intelligent instructional remedies to enhance students’ engagement and the overall learning scheme. The existence of IT titans including Google, Microsoft, and IBM, as well as the accessibility of huge government subsidies, are projected to boost North American AI in the education sector.
The Asia Pacific area is expected to expand rapidly during the next five years, thanks to the increasing use of AI-based technologies in key emerging nations such as China as well as Indonesia. China's university program is often regarded as one of the best in the world. On the other side, it is the most difficult and competitive. India has one of the greatest education businesses in the world. As a result, the existence of well-established educational standards in the nation is likely to support industry expansion in the coming years. Intel Corporation, a prominent technology company, worked with the Central Board of Secondary Education in July 2021. (CBSE). The collaboration's purpose was to build an AI learning platform dubbed AI Students Community (AISC). According to an Intel press statement dated July 2021, students across both CBSE and non-CBSE institutions will be able to study from Intel's AI-certified specialists.
Middle East and Africa
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 1.75 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 17.43 Billion
|Tables, Charts & Figures:
|Blackboard Inc., Amazon Web Services, Inc., Blippar, Cerevrum Inc., Century Tech Limited, CheckiO, Pearson PLC, Querium Corporation, TrueShelf, Knewton., Google Inc., PleiQ Smart Toys SpA, Cognii Inc., Microsoft Corporation, IBM Corporation., Nuance Communication Inc., Yuguan Information Technology LLC, Jenzabar Inc., Pixatel Systems, and Quantum Adaptive Learning LLC. and others.
|By Technology, By Component, By Deployment, By Application, By End-User.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
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