AI in the Edtech Market - Forecasts from 2024 to 2029

AI in the Edtech Market - Forecasts from 2024 to 2029

The AI in the edtech market is estimated to grow at a CAGR of 52.93% to attain US$32.910 billion in 2029, increasing from US$10.605 billion in 2024.

In the edtech or educational technology sector, artificial intelligence (AI) plays a critical role in technology development. In this sector, AI offers multiple applications, including various benefits, like personalized learning programs and intelligent tutoring systems that can offer users better curriculum programs. The AI-based tools and platforms can also automate grading and assessment features, and they also have the capability of adaptive learning platforms, virtual classroom aides, and educational data analytics.

The AI in the edtech platform offers various key components that use multiple tools like Adaptive Learning Systems, Intelligent Tutoring Systems (ITS), Natural Language Processing, and Machine Learning (ML). Adaptive Learning Systems use AI algorithms to personalize learning experiences to individual students' requirements, preferences, and styles, altering pace, material, and instruction delivery to maximize learning results.

Intelligent Tutoring Systems use artificial intelligence to deliver personalized coaching and feedback to students, much like a human teacher would. They analyze performance data to identify strengths and shortcomings and then provide tailored learning interventions. ML technologies enable computers to learn from data and make predictions or decisions without explicit programming. In EdTech, ML is used for personalized recommendation systems, predictive analytics, and content customization.

AI in the Edtech market drivers
Increasing investment opportunities in the global Edtech sector

The rising investments by governmental and private organizations for developing the global edtech sector are estimated to propel global AI in the edtech market.

The global market witnessed a significant increase in investment strategies in the educational technology sector, including the introduction of key policies and strategies by the governments of various countries worldwide.

For instance, in India, the government introduced two key AI-based policies, Make AI for India and Make AI Work for India, aimed at creating sustainable and state-of-the-art AI technological development across the nation in multiple sectors, including education. The government allocated about INR 255 crore for the interim budget 2024-25 towards this mission. The government also introduced 100% foreign investment in education technology and institutions to boost the innovation of the edtech sector in the nation.

AI in the Edtech market geographical outlook
North America is forecasted to hold a major share of the AI in the Edtech market.

The North American EdTech ecosystem, which includes Google, Microsoft, Magicedtech, and Amazon, is promoting the development of innovative technologies such as AI. This culture of creativity and entrepreneurship in Silicon Valley is likely to substantially impact the application of AI in education, improving learning experiences in schools, universities, and virtual learning environments.

North America's considerable share of AI in the EdTech market is due to its leadership in technological innovation, strong ecosystem collaboration, financing availability, a favorable regulatory framework, and rising demand for digital learning solutions.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
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The AI in the Edtech market is analyzed into the following segments:

By End-Users

Students
Teachers
Parents
Institutions

By Deployment

Cloud
On-Premise

By Application

Content creation
Personalized Learning
Operations
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
UK
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Taiwan
Others