Selbyville, Delaware. Market Study Report LLC: A comprehensive research study on Artificial Intelligence (AI) in Education market added by Market Study Report LLC provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Artificial Intelligence (AI) in Education market in terms of the demand landscape, driving factors and growth strategies adopted by market players.
AI in Education Market is projected to surpass USD 6 billion by 2024 due to the growing demand for Intelligent Tutoring System (ITS) by educational institutions. The educational institutes are adopting advanced ITS to offer personalized learning experience and enhance tutoring methods. The integration of intelligent algorithms and AI in the learning platform also promotes the growth of the market. The technology has transformed the classrooms and changed the role of educators in the learning process by providing more user-friendly and sophisticated tools for both educators and students.
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Artificial Intelligence (AI) in Education Market Breakdown Data by Companies
Nuance Communication, Microsoft, AWS, IBM, Google, Cognii, Pearson, Jenzabar, Volley.com, Content Technologies, Pixatel Systems, PleIQ, Knewton, Blippar, Blackboard, Century Tech, Quantum Adaptive Learning, and Liulishuo.
Artificial Intelligence (AI) in Education Market Outlook:
The increasing partnership between the education content developers, publishers, education institutes, and EdTech Companies to develop digital content and provide e-learning services to their students foster the demand. Furthermore, increasing investments in the EdTech and AI technology also supports the growth of AI in Education market. However, the limitation of the ITS system, data safety & security issues, and lack of skilled professionals are the major forces hindering the market growth.
The learner model is estimated to account for more than 60% share in the AI in Education market. The demand for the more student-centric learning platforms from higher educational institutions impacts the growth. Moreover, the integration of the adaptive learning technology also augments the demand for the learner model. On the other hand, the domain model is estimated to grow significantly during the forecast period with the CAGR of more than 50%. The market is driven by the need for personalized learning solutions. Due to this, the solution providers are focusing more on developing user-friendly systems with subject knowledge to guide students better.
The virtual facilitators and e-learning platform market is leading the application landscape with about 55% share in the AI in Education market. The growth of the market is credited to the increasing adoption of the online learning platform. The education institutes are focusing more on developing digital content and delivering knowledge through web-based solutions to provide more personalized learning for students. Furthermore, the integration of the virtual facilitators and chatbots in the e-learning platforms to assist students in the learning process also drives the market growth
To study and analyze the global Artificial Intelligence (AI) in Education market size by key regions/countries, type and application, history data, and forecast to 2024.
To understand the structure of Artificial Intelligence (AI) in Education market by identifying its various subsegments.
Focuses on the key global Artificial Intelligence (AI) in Education players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Artificial Intelligence (AI) in Education with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Artificial Intelligence (AI) in Education submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Data with respect to marketing channel development trends along with the market position is provided in the report.
At the end, Artificial Intelligence (AI) in Education Market Report delivers a conclusion which includes Research Findings, Market Size Evaluation, Global Market Share, Consumer Needs along with Customer Preference Change, Data Source. These factors will raise the growth of the business overall.
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Table of Content:
- Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.4. Key take-away
- Executive Summary
2.1. Market Definition
2.2. Market Segmentation
- Artificial Intelligence (AI) in Education Market Insights
- Artificial Intelligence (AI) in Education Market Size and Forecast by Type
- Artificial Intelligence (AI) in Education Market Size and Forecast, by Component
- Artificial Intelligence (AI) in Education Market Size and Forecast, by Environment
- Artificial Intelligence (AI) in Education Market Size and Forecast, by End-User
- Artificial Intelligence (AI) in Education Market Size and Forecast, by Region
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