Global AI in education Market Size study & Forecast, by Component (Solutions, Services), by Deployment (Cloud, On-Premises) by Technology (Natural Language Processing (NLP), Machine Leering (ML)), by Application (Learning Platform & Virtual Facilitators,

Global AI in education Market Size study & Forecast, by Component (Solutions, Services), by Deployment (Cloud, On-Premises) by Technology (Natural Language Processing (NLP), Machine Leering (ML)), by Application (Learning Platform & Virtual Facilitators, Intelligent Tutoring System (ITS), Smart content, Fraud and Risk Management, Others), by End User (K-12 Education, Higher Education, Corporate Training & Learning) and Regional Analysis, 2023-2030

Global AI in education Market is valued approximately at USD 2.5 billion in 2022 and is anticipated to grow with a growth rate of more than 1.5% over the forecast period 2023-2030. AI (Artificial Intelligence) is revolutionizing the field of education by introducing innovative technologies and tools that enhance the learning experience. AI in education refers to the integration of intelligent systems and algorithms to support various educational processes, from personalized learning to administrative tasks. One significant application of AI in education is personalized learning. AI algorithms can analyze student data, such as performance, learning styles and preferences to tailor educational content and provide personalized recommendations. This approach helps students learn at their own pace, address their individual needs, and improve their overall learning outcomes. Increasing use of Artificial Intelligence (AI) and growing EdTech Industry emerge as market elevators during the forecast period.

According to the India Brand Equity Foundation (IBEF) in 2021, the valuation of the EdTech industry in India stood at USD 750 million in 2020, and it is expected to witness significant growth, reaching approximately USD 4 billion by 2025, with a compound annual growth rate (CAGR) of 39.77%. This growth is primarily fueled by the increasing demand for non-academic courses in tier II and III cities and the growing need for personalized learning experiences in the EdTech sector. Approximately USD 1.5 billion from the estimated market value of USD 4 billion is expected to be allocated to K-12 education, encompassing after-school foundational and pre-preparational courses within the AI in education market. According to Statista in 2023, the expected revenue for the global artificial intelligence market in 2022 was estimated to be USD 433 billion. The market is anticipated to experience rapid expansion and in forecast period it is expected to surpass the milestone of approximately USD 500 billion by 2023. However, legal and regulatory framework and complex implementation with the existing systems may hamper the growth of Global AI in Education Market. However, global reach and scalability and skill development & future workforce readiness are potential market growth opportunities.

The key regions considered for the Global AI in education Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market with largest market share because of the existence of the major market players. The region has witnessed a high rate of technological advancement in almost every industry specially in Education and continuously adopting advanced technology integration with the existing systems. Asia Pacific emerges as to be the fastest growing region owing to factors such as emerging market for the advanced education technology & system and inclination towards higher education with a massive demand as the region witnessed 1/3rd of the world’s population.

Major market player included in this report are:
Amazon Web Services, Inc.
International Business Machines (IBM) Corporation
Microsoft Corporation
Cognizant Technology Solutions Corp.
Google LLC
Pearson Plc
DreamBox Learning, Inc.
Carnegie Learning, Inc.
Nuance Communications, Inc.
Blackboard Inc.

Recent Developments in the Market:
In October 2022, Zamit India Pvt. Ltd., an educational technology company, announced its plans to introduce a range of AI-powered products in line with the National Education Policy (NEP) 2020. With a focus on growth, the company intends to target eight million new users over the next three years by introducing innovative offerings such as ZQ, ZPD, GETs, and other distinct products and services.

In October 2022, Schoolnet India Limited, an ed-tech company, and vernacular ed-tech platform GUVI Geek Networks Limited entered into a Memorandum of Understanding (MoU) with the objective of providing coding skills to students who enroll on Geneo, Schoolnet's flagship product. This collaboration aims to offer Schoolnet learners, access to advanced technology and programming education, enabling them to explore new opportunities in the field.

Global AI in education Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Component, Deployment, Technology, Application, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:
Solutions
Services

By Deployment:
Cloud
On-premises

By Technology:
Natural Language Processing (NLP)
Machine Learning

By Application:
Learning Platform & Virtual Facilitators
Intelligent Tutoring System (ITS)
Smart content
Fraud and Risk Management
Others

By End User:
K-12 Education
Higher Education
Corporate Training & Learning

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies
Amazon Web Services, Inc.
International Business Machines (IBM) Corporation
Microsoft Corporation
Cognizant Technology Solutions Corp.
Google LLC
Pearson Plc
DreamBox Learning, Inc.
Carnegie Learning, Inc.
Nuance Communications, Inc.
Blackboard Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.