Overview and Scope
Artificial intelligence (AI) in education refers to applying AI in the classroom and managing the class and course load to improve teaching and learning practices and address educational challenges. The purpose of artificial intelligence in education is to increase student learning while delegating administrative activities that require teacher and administrator time.
Sizing and Forecast
The ai in education market size has grown exponentially in recent years. It will grow from $3.99 billion in 2023 to $5.57 billion in 2024 at a compound annual growth rate (CAGR) of 39.7%. The growth in the historic period can be attributed to digital learning platforms, personalized learning initiatives, adaptive learning systems, big data and analytics, early ai tutoring systems.
The ai in education market size is expected to see exponential growth in the next few years. It will grow to $21.13 billion in 2028 at a compound annual growth rate (CAGR) of 39.6%. The growth in the forecast period can be attributed to remote and hybrid learning, ai-enabled assessment tools, growing edtech investments, teacher support systems, teacher support systems. Major trends in the forecast period include ai-powered learning analytics, augmented reality (ar) and virtual reality (vr) in education, ethical ai in education, ai-enhanced language learning, gamification and ai.
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Segmentation & Regional Insights
The ai in education market covered in this report 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 artificial intelligence (AI) in education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising number of smartphone users is expected to propel the growth of artificial intelligence (AI) in education market going forward. Smartphone users utilize a cellular phone that contains a computer and other features previously not related to phones, including a web browser, an operating system, and the ability to run software programs. Smartphone users benefit from tailored and adaptable learning experiences incorporating AI technology into educational applications and platforms. Additionally, smartphones enable real-time interaction and engagement, allowing students to communicate seamlessly with AI-powered virtual assistants (tutors), and their widespread adoption expands the reach and impact of AI in education, making high-quality and personalized learning more accessible to a larger population. For Instance, according to the Ericsson Mobility Report 2022 from Ericsson, a Sweden-based networking and telecommunications company, smartphone subscriptions were 6,420 million in 2022 and are predicted to reach 7,740 million subscriptions by 2028. Therefore, the rising number of smartphone users will drive AI in education market.
Key Industry Players
Major companies operating in the ai in education market report are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Cognizant Technology Solutions Corporation, Harbinger Group, Pearson plc, Nuance Communications Inc., McGraw Hill Education Inc., Blackboard Inc., Coursera Inc., Duolingo Inc., D2L Corporation, Age of Learning Inc., Jenzabar Inc., Netex Knowledge Factory S.A., Carnegie Learning Inc., DreamBox Learning Inc., Third Space Learning, Kadenze Inc., Knewton Inc., BridgeU Ltd., Century-Tech Limited, Cognii Inc., Fishtree Ltd., Prazas Learning Inc., Wooclap SA, YiXue Squirrel AI Learning Inc., Jellynote, Querium Corporation
The ai in education market report table of contents includes:
1. Executive Summary
2. AI In Education Market Characteristics
3. AI In Education Market Trends And Strategies
4. AI In Education Market – Macro Economic Scenario
5. Global AI In Education Market Size and Growth
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32. Global AI In Education Market Competitive Benchmarking
33. Global AI In Education Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI In Education Market
35. AI In Education Market Future Outlook and Potential Analysis
36. Appendix
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