According to Goldstein Research, world artificial intelligence (AI) in education sector market is expected to reach USD 1.8 billion by 2024, growing at a compounded annual growth rate of more than 49.0% over the forecast period.AI in education sector is driven by increasing number of educational institutions, universities, and rising trend of online education portals that are paving the way for adoption of AI in the education system. Artificial intelligence in education sector market segmentation has been carried out on the basis of technology, AI education models, services, and geography. Favorable government policies towards advancing the education sector in regions such as Saudi Arabia is expanding the scope for application of AI in the education sector.
Global artificial intelligence (AI) in education sector market is majorly driven by Europe, owing to the presence of top market players in the region. Europe is further followed by North America. Whereas, the Middle East countries are expected to grow at the fastest CAGR during the forecast period to drive a significant share of AI in education sector market.
Market Segmentation
On the basis of our in-depth analysis, Global Artificial Intelligence in Education Sector Market can be segmented as follows:
- By Technology
- Natural Language Processing
- Machine Learning
- Virtual Personal Assistant
- Querying Method
- Context-Aware Processing
- By AI Educational Models
- Learner Model
- Pedagogical Model
- Domain Model
- By Services
- Installation
- Training
- Support and Maintenance
- By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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Market Trends & Key Players
“Global Artificial Intelligence (AI) in Education Sector Market Outlook 2024” contains a detailed overview of the global artificial intelligence in education sector market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, AI education models, and services.
Further, for the in-depth analysis, AI Market in Education Sector Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM, Cognizant, Nuance Communications, Quantum Adaptive Learning, ALEKS, Blackboard, Dream Box Learning, Jenzabar, Microsoft, Pearson, Knewton, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global artificial intelligence in education sector market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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