Artificial Intelligence In The Education Sector Market Trends | Recent Developments and Technology | Size | Share | Future Growth | Forecast Research Report 2027 By Emergen Research
According to the most recent report by Emergen Research, the worldwide artificial intelligence in education sector market is anticipated to reach a market value of USD 17.83 billion by 2027 and register a significantly high CAGR. One of the main factors propelling the growth of the global artificial intelligence in education sector market is the rising need for real-time learner’s progress monitoring and analysis solution, and this demand is further predicted to rise exponentially over the forecast period. Increasing need for artificial intelligence (AI) technology to streamline administrative procedures in institutions is anticipated to further fuel market expansion for AI in education during the anticipated timeframe.
The industry’s growth is projected to be fueled by increasing investments in AI technology. Leaders in the digital economy and tech behemoths like Google, Amazon, and Apple are driving investments in the technology. They are jointly pouring billions of dollars into a diverse variety of artificial intelligence (AI) applications, from robotics to machine learning, virtual assistants, autonomous vehicles, and computer vision to natural language processing. The majority of expenditures in AI are made by technology businesses as internal corporate spending in R&D to improve AI capabilities.
A market share of almost 70% was controlled by AI in education solutions in Canada in 2021 as a result of widespread use of cutting-edge software platforms. A growing need for AI-powered software platforms is also being reported by industry executives from a variety of geographical areas. These participants provide virtual learning assistants, adaptive learning technology tools, etc. Numerous technological companies are also concentrating on operations related to portfolio expansion and the development of innovative platforms.
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Key Highlights of Report
The on-premises segment’s revenue growth is currently being driven by the rising adoption of on-premises artificial intelligence solutions in universities and colleges to reduce cyberattacks and information theft, which is anticipated to register a significantly high CAGR of 43.8% over the forecast period.
Due to the increasing use of natural language processing technology to close the communication gap between computers and humans, the natural language processing segment is anticipated to contribute significantly (in terms of market share) to the global artificial intelligence market in the education sector during the forecast period.
Due to the increasing adoption of AI to enhance online learning in higher education, the virtual learning environment segment is anticipated to hold a significant revenue share in the worldwide artificial intelligence in the education sector market during the course of the forecast period.
Google LLC, Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, Cognizant Technology Solutions Corp, Pearson PLC, Nuance Communications Inc., Blackboard Inc., Carnegie Learning, Inc., and Cognii, Inc. are some of the major market participants.
Emergen Research has segmented the global artificial intelligence in the education sector market on the basis of deployment, technology, application, end-use, and region.
Deployment Outlook (Revenue, USD Billion; 2020–2027)
Technology Outlook (Revenue, USD Billion; 2020–2027)
- Natural Language Processing
- Deep Learning
- Machine Learning
Application Outlook (Revenue, USD Billion; 2020–2027)
- Virtual Learning Environment
- Smart Content
- Intelligent Tutoring Systems
End-use Outlook (Revenue, USD Billion; 2020–2027)
- K-12 Education
- Higher Education
- Corporate Learning
Regional Outlook (Revenue, USD Billion; 2020–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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