The AI In Education Global Market Report 2023, provides comprehensive information on the ai in education market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global artificial intelligence (AI) in education market is expected to grow from $2.85 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 39.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) in education market is expected to reach $15 billion in 2027 at a CAGR of 39.3%.
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Product innovations are a key trend for gaining popularity in artificial intelligence (AI) in the education market. Major companies operating in artificial intelligence (AI) in the education market are focused on innovating advanced solutions to strengthen their position in the market. For instance, in February 2023, Nerdy Inc., a US-based technology platform for live online learning for students, launched two new products, an AI-Generated Lesson Plan Creator and AI-Generated Chat Tutoring, which are integrated with ChatGPT into its full suite of products. ChatGPT is an AI chatbot that uses natural language processing to create human-like conversational dialogue. The product’s AI-generated lesson plan creator can generate a variety of content for Experts, including in-depth suggestions on how a lesson might be structured and how content could be best leveraged, and AI-enabled chat tutoring provides real-time support to consumer learning membership customers 24×7 by providing quick and accurate responses to student questions.
The ai in education market is segmented:
1) By Component: Solutions, Services
2) By Technology: Natural Language Processing (NLP), Machine Learning
3) By Deployment: Cloud, On-Premises
4) By Application: Learning Platform And Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud And Risk Management, Other Applications
5) By End-User: K-12 Education, Higher Education, Corporate Training And Learning
North America was the largest region in the ai in education market in 2022.
The table of contents in TBRC’s ai in education market report includes:
1.Executive Summary
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