AI in Education Market Size, Share, Growth, And Industry Analysis, By Type (Deep Learning and Machine Learning, Natural Language Processing (NLP)) and By Application (Educational Institutes, Educational Publishers, Others) and Regional Forecast to 2032

Updated On: 02 September 2024

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AI in Education Market REPORT OVERVIEW

The global AI in Education Market Size was valued at USD 1.7667 Billion in 2023 and is anticipated to reach USD 17.28 Billion by 2030, witnessing a CAGR of 37.2% during the forecast period 2024-2030.

AI in Education involves using artificial intelligence to enhance learning and teaching. By analyzing student information, AI can personalize instruction, automate tasks, and give versatile feedback. This innovation points to making education more effective, viable, and engaging for both students and teachers. AI in Education is universally important because it has the potential to revolutionize learning and teaching worldwide. By personalizing education, automating tasks, and giving data-driven experiences, AI can help bridge educational gaps, progress learning results, and prepare students for the long term. Its effect on accessibility, value, and productivity makes it a significant tool for tending to worldwide educational challenges. 

COVID-19 Impact on The Market Growth Restrained by Pandemic Due to Data Quality Issues

The global COVID-19 pandemic has been extraordinary and staggering, with the marketplace experiencing lower-than-predicted demand throughout all areas as compared to pre-pandemic levels. The unexpected market increase contemplated by the upward push in CAGR is because of the market`s growth and demand returning to pre-pandemic levels.

The COVID-19 widespread altogether affected the integration of AI in Education. The fast shift to online learning created tremendous amounts of data, but its quality and consistency frequently proved lacking for AI model improvement. The digital partition, exacerbated by the widespread, confined access to innovation for many students, prevents the potential benefits of AI-driven personalized learning. Also, the focus on immediate emergency management occupied resources and attention away from AI initiatives. Technical challenges and expanded security concerns further complicate the usage of AI solutions in education. These factors collectively moderated the progress of AI within the educational landscape. 

LATEST TRENDS

"Hybrid Learning Integration to Drive Market Growth"

Hybrid learning integration may be a key driver of development within the AI in Education Market. By consistently combining online and offline learning experiences, AI-powered platforms can convey personalized education at scale. These frameworks can optimize learning ways, provide real-time criticism, and offer tailored support to students, regardless of their area. As educational institutions need to improve student results and adapt to advancing learning preferences, the demand for AI-driven hybrid learning solutions is anticipated to surge, impelling market development. 

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AI IN EDUCATION MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Deep Learning and Machine Learning, Natural Language Processing (NLP).

• Deep Learning and Machine Learning: This section includes AI algorithms that learn from information to create predictions or decisions. In education, this could be utilized for intelligent coaching systems, adaptive learning stages, and predictive analytics.
• Natural Language Processing (NLP): This technology empowers computers to understand, translate, and create human language. In education, NLP powers chatbots, virtual assistants, language learning stages, and automated reviewing systems.

By Application                                

Based on application the market can be categorized into Educational Institutes, Educational Publishers, Others.

• Educational Institutes: This includes schools, colleges, and other learning institutions executing AI solutions for personalized learning, regulatory errands, and student support.
• Educational Publishers: This section comprises companies creating AI-driven educational content, digital reading material, and evaluation tools.
• Others: This category includes a different range of players, such as EdTech startups, research institutions, and government bodies included in AI-related education activities.

DRIVING FACTORS

"Rising Demand for Personalized Learning to Drive Market Growth"

The Rising Demand for Personalized Learning is the main driving Factor of the AI in Education Market Growth. Recognizing that students learn at diverse paces and have special qualities and weaknesses, educational institutions are progressively looking for solutions to cater to individual needs. AI-powered stages exceed expectations in conveying custom-fitted learning experiences by analyzing student information to recognize qualities, weaknesses, and learning styles. By regulating content, pacing, and valuation to each student's profile, these platforms recover engagement, improve learning results, and augment resource allotment, in this manner driving market development. 

"Increasing Adoption of EdTech Solutions to Boost Market Growth"

The expanding adoption of EdTech solutions may be a major catalyst for the development of the AI in Education Market. As educational institutions looking for the improved teaching and learning forms, they are turning to technology-driven solutions. The integration of AI inside these EdTech platforms is becoming fundamental to unlock their full potential. By incorporating AI capabilities, EdTech solutions can offer personalized learning experiences, automate authoritative tasks, and give profitable experiences into student performance. This developing dependence on EdTech, coupled with the demand for AI-driven features, is altogether boosting market development. 

RESTRAINING FACTOR

"Data Privacy and Security Concerns Hinder Market Growth "

Data privacy and security anxieties pose a critical impediment to the widespread adoption of AI in Education. As AI frameworks depend intensely on student data for personalization and experiences, fears about data abuse and breaches have emerged. Strict regulations, public distrust, and the potential for sensitive data leakage ruin the willingness of educational institutions and guardians to embrace AI-powered solutions. Addressing these anxieties over strong security measures, transparent data handling practices, and clear communiqué is important to overcome this boundary and unlock the complete potential of AI in Education. 

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AI IN EDUCATION MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America dominates the Market Due to Mature education infrastructure"

North America is a region that currently reigns excellent in the AI in Education Market Share by many factors. The region's early and significant investments in innovative advancements have developed a prolific ground for AI advancement. A strong ecosystem of educational institutions, research centers, and tech companies has cultivated a culture of experimentation and improvement in AI-driven educational solutions. Moreover, the presence of driving tech giants and a developed digital framework has quickened the adoption of AI tools inside educational settings. Whereas other districts are quickly picking up traction, North America's set up market leadership, coupled with its progressing commitment to innovative progression, sets its dominance within the worldwide AI in Education landscape.

KEY INDUSTRY PLAYERS

"Key Players Transforming the AI in Education Market Landscape through Innovation and Global Strategy "

Key players in the AI in Education Market play a key role in determining industry dynamics through innovation, product development, and strategic partnerships. Their reserves in research and development, coupled with effective marketing strategies, drive market growth. These influential players set industry standards, fostering competition and technological advancements.

List of Market Players Profiled

• IBM (U.S)
• Pearson (U.K)
• Microsoft (U.S)
• AWS (U.S)
• Nuance Communications (U.S)
• Cognizant (U.S)
• OSMO (U.S)
• Quantum Adaptive Learning (U.S)
• Querium (U.S)
• Third Space Learning (U.K)
• Aleks (U.S)
• Blackboard (U.S)
• Bridgeu (U.K)
• Carnegie Learning (U.S)
• Century (U.K)
• Cognii (U.S)

INDUSTRIAL DEVELOPMENT

2023:  The surge in health awareness has moved the improvement of low-sugar and sugar-free alternatives inside the AI in Education Market. In recent years, buyers have become more careful of their sugar intake, driving producers to improve and make healthier choices. By utilizing natural sweeteners, decreasing sugar substance, or utilizing sugar substitutes, these items cater to people with dietary limitations or those looking for to preserve a balanced lifestyle. This drift has gained critical energy within the past few years, with a developing number of brands offering low-sugar or sugar-free AI in Education to meet the advancing preferences of health-conscious customers. 

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global AI in Education Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the market's growth by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.