The education sector is rapidly adopting new innovative ways of teaching and is quickly implementing new technologies. AI in education improves the efficiency and streamline the admin task, providing teachers more freedom to teach. Advancements in technologies and the growing popularity of automation are the major factors that are expected to drive the growth of AI in the education market. Increasing investments in education are expected to provide opportunities in the AI in the education market. Growing focus towards improving the teacher-student experience, adoption of AI in the various education sector, and increasing focus towards interactive learning are the major factors that are expected to drive the growth of AI in the education market. However, slow digitization and high rate of these solutions are the major restraining factors that might hinder the growth of this market.
Some of the leading players in global market:
1. ALEKS Corporation
2. Amazon Web Services, Inc.
3. Carnegie Learning, Inc.
4. Century-Tech Limited
7. IBM Corporation
8. Microsoft Corporation
9. Nuance Communications, Inc.
10. Pearson PLC
The global AI in education market is segmented on the basis of technology, component, application, and end-use. Based technology, the market is segmented as machine learning and deep learning, natural language processing, and others. On the basis of the component the market is segmented as solution and service. On the basis of application the market is divided into learning platform, intelligent tutoring system, smart content, fraud and risk management, and others. On the basis of end-use the market is segmented higher education, K-12 education, corporate learning, and Others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global AI in education market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The AI in education market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting AI in education market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the AI in education market in these regions.
The reports cover key developments in the AI in education market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from AI in education market are anticipated to lucrative growth opportunities in the future with the rising demand for AI in education in the global market. Below mentioned is the list of few companies engaged in the AI in education market.
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