Global Artificial Intelligence (AI) in Education Market to Reach $47.7 Billion by 2030
The global market for Artificial Intelligence (AI) in Education estimated at US$5.1 Billion in the year 2023, is expected to reach US$47.7 Billion by 2030, growing at a CAGR of 37.5% over the period 2023-2030. Education AI Services, one of the segments analyzed in the report, is expected to record 38.4% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Education AI Solutions segment is estimated at 35.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 35.9% CAGR
The Artificial Intelligence (AI) in Education market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 35.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.6% and 31.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 26% CAGR.
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