Cloud Hosting

NEW YORK, July 31, 2023 /PRNewswire/ -- Theartificial intelligence market in the education sectoris estimated to increase by USD1,100.07 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 41.14% during the forecast period.Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report-Request a sample report

Technavio has announced its latest market research report titled Global Artificial Intelligence Market in the Education Sector

Artificial Intelligence Market In The Education Sector Vendor AnalysisVendor Landscape - The global artificial intelligence market in the education sector is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer artificial intelligence in the education sector in the market are 2U Inc., Alphabet Inc., Amazon.com Inc., Brainly, Carnegie Learning Inc., Century Tech Ltd., Cognii Inc., Cognizant Technology Solutions Corp., DreamBox Learning Inc., Fishtree Inc., International Business Machines Corp., Jenzabar Inc., John Wiley and Sons Inc., Kaltura Inc., LAIX Inc., McGraw Hill LLC, Microsoft Corp., n2y LLC, Pearson Plc, and Quantum Adaptive Learning LLC and others.

What's New? -

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -Buy the report!

Vendor Offerings -

2U Inc:The company offers artificial intelligence in the education sector through its subsidiary Querium.

Alphabet Inc:The company offers artificial intelligence in the education sector such as iSchoolConnect.

Century Tech Ltd:The company offers artificial intelligence in the education sector such as Century AI.

For details on the vendor and its offerings Request a sample report

Artificial Intelligence Market in the Education Sector- Segmentation Assessment

Segment OverviewTechnavio has segmented the market based onEnd-user (Higher education and K-12), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

Story continues

The market share growth by the higher education segment is significant during the forecast period. There is increasing adoption oftoolsacross colleges and universities that enhancethe quality of education and ensure that students are offered an experiential learning environment.Hence, in order to offerexperiential learning environments, there is an increase inthe adoption ofAI solutions such as Watson by IBM across universities to automate different administrative tasks at a lower cost and with fewer errors. Furthermore, there is rising adoption of AI virtual assistantsthat can tutor and guide students as well as teachers. Hence, such factors are expected to drive market growth during the forecast period.

Geography Overview

By geography, the global artificial intelligence market in the education sectoris segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global artificial intelligence market in the education sector.

North Americais estimated to account for 43% of the growth of the global market during the forecast period. Factors such as advancement in technology and simultaneous implementation of technology in the education sector are significantly contributing to theglobal artificial intelligence market in the education sectorin North America. Some of the key countries which are significantly contributing to the market growth in North America include the US and Canada, with their increasing implementation of AI in the education sector. Additionally, In the US, there is increasing research on AI by several universities, such asStanford University and Duke University, which is positively impacting the market. Hence, such factors are expected to drive market growth in the region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 -Download a Sample Report

Artificial Intelligence Market in the Education Sector Market Dynamics

Leading Drivers -

The increasing emphasis oncustomized learning paths using AI drives the market growth during the forecast period. There is an increasing focus onML technologies by teachers in order to collect student data to extract actionable insights into students' performance and thereby make informed decisions. Machine learning is widely used to generate personalized learning pathways for students.ML algorithms collect various student data to assess the academic areas where a student might be facing challenges and assist him/her by offering customized materials and different exercises and lessons to help the student succeed. Additionally, other AI applications utilizedeep learning and Natural Language Generation (NLG) to generate and deliver customized content. There is increasing adoption ofAI-based content delivery by several companies. hence, such factors are expected to drive market growth during the forecast period.

Key Trends -

The increased emphasis on chatbots is a primary trend in the market during the forecast period.There is a growing popularity for the use of chatbots across schools and universities. Chatbots utilize advanced artificial intelligence, machine learning, and deep learning technologies in addition to storing, processing, and exchanging information with students. There is an increasing adoption of chatbots in schools and colleges as they are able to perform different tasks, such as talking to students and replying to questions. Additionally, it is significantly used for evaluating and correcting assessments made by students. Besides these features, one of the main advantages of chatbots is that it helps to identify the study pattern of each student and assist teachers in providing personalized learning to students. Hence, such factors are expected to drive market growth during the forecast period.

Major challenges -

The high cost of implementation of AI may impede market growth during the forecast period.The implementation and maintenance of AI software across schools and colleges are very expensive. Hence, the installation of such software needssignificant funding and investments, and high research on its applicability. Additionally, there isa decline in state and local government funding for such initiatives, which negatively impacts the market. Therefore the high cost of implementation of AI hinders schools from offering students with better learning environments and resources. Furthermore, factors such ashigh R&D costs related to the development of AI solutions, high capital expenditure, and the risk of product sustainability hinder market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Artificial Intelligence Market In The Education Sector report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the artificial intelligence market in the education sector between 2023 and 2027

Precise estimation of the artificial intelligence market size in the education sector and its contribution to the market with afocus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the artificial intelligence market in the education sector across North America, Europe, APAC, South America, and the Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of the artificial intelligence market vendors in the education sector

Gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Related Reports:

Theeducation personal computer (PC) and tablet marketsize is estimated to grow at a CAGR of 11.14% between 2022 and 2027 and the size of the market is forecast to increase by USD 24.08 billion.It also extensively covers market segmentation by end-user (K-12 and higher education), product (laptop, tablet, and desktop), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).The robust demand for online education is driving growth in the education PC and tablet market.

Thevirtual schools market size is estimated to grow at a CAGR of 12.24% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,095.11 million.It also extensively covers market segmentation by application (elementary schools, middle schools, high schools, and adult education), type (for-profit EMO and non-profit EMO), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).The increased demand and enrollment are driving growth in the virtual school market.

Artificial Intelligence Market Scope In The Education Sector

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 41.14%

Market growth 2023-2027

USD 1,100.07 million

Market structure

Fragmented

YoY growth 2022-2023(%)

33.25

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

2U Inc., Alphabet Inc., Amazon.com Inc., Brainly, Carnegie Learning Inc., Century Tech Ltd., Cognii Inc., Cognizant Technology Solutions Corp., DreamBox Learning Inc., Fishtree Inc., International Business Machines Corp., Jenzabar Inc., John Wiley and Sons Inc., Kaltura Inc., LAIX Inc., McGraw Hill LLC, Microsoft Corp., n2y LLC, Pearson Plc, and Quantum Adaptive Learning LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Learning Method

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: http://www.technavio.com

Global Artificial Intelligence Market in the Education Sector

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/artificial-intelligence-market-in-the-education-sector-to-grow-by-usd-1-100-07-million-from-2022-to-2027-growing-emphasis-on-customized-learning-paths-using-ai-boosts-the-market---technavio-301888306.html

SOURCE Technavio

View post:
Artificial Intelligence Market in the Education Sector to Grow by USD 1,100.07 million from 2022 to 2027; Growing emphasis on customized learning...