Market Scenario: —
The artificial intelligence in education market is presumed to expand at 38 % CAGR during the assessment period (2018-2023) owing to the rising adoption of intelligent tutoring systems, asserts Market Research Future (MRFR). Artificial intelligence (AI) is referred to as a technology that deals with the study of intelligent software and machines.
Artificial Intelligence in Education Market offer machines with intelligent capabilities like identifying data patterns, learning, processing, speech recognition, and others. The education sector is benefitted with features such as additional educational support, personalized learning, and assessment and student engagement.
The noteworthy players operating the global artificial intelligence in education market are Google (US), Microsoft Corporation (US), Pearson (UK), Jenzabar Inc. (US), IBM Corporation (US), Amazon.com Inc. (US), Bridge-U (UK), Cognizant (US), Fishtree (US), DreamBox Learning (US), Jellynote (France), Third Space Learning (UK), Knewton Inc. (US), Century-Tech Ltd (UK), Quantum Adaptive Learning LLC (US), Querium Corporation. (US), Blackboard Inc. (US), and Metacog Inc. (US).
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Drivers and Constraints Impacting the Market
With the help of technologies such as natural and machine learning, artificial intelligence assists student’s capability and enhances the learning process. It provides customized and interactive software tools implemented with virtual and augmented reality deployed on digital platforms such as tablets, smartphones, and wearable devices. The digital content helps to accelerate a student’s learning and interactive process and will help to attain a clear understanding of the concept.
AI in education also help to minimize the time required for administrative tasks such as admissions and grading process, which further help the institution to plan the lessons accordingly. The use of AI in the education system will create opportunities for behavior management, which will further help to understand the behavior pattern of the students with the help of face recognition capabilities. Such factors are presumed to fuel the market growth during the assessment period.
On the flip side, lack to technical expertise and integration of AI solutions due to complex algorithms are considered to impede the market growth in the coming years. Also, budget limitations and less ICT investment in the underdeveloped regions are likely to hinder the market growth.
Artificial Intelligence in Education Market Segmental Analysis
The global artificial intelligence in education market has been segmented on the basis of components, deployment, application, technology, and region.
• By mode of deployment, the global artificial intelligence in education market has been segmented into on-cloud and on-premise. Among these, the on-cloud deployment segment is presumed to have the larger market share as the adoption of on-cloud deployment is growing owing to its cost-effectiveness, reduced operational cost, and ease of deployment.
• By mode of component, the global artificial intelligence in education market has been segmented into services and software.
• By mode of technology, the global artificial intelligence in education market has been segmented into natural learning and machine learning process. Among these, the natural learning process technology plays an integral role to synthesize the educational data in order to generate the final output which drives the segment. The technology also helps in analyzing large volumes of data generated by the education software.
• By mode of application, the global artificial intelligence in education market has been segmented into virtual facilitators, intelligent tutoring systems, interactive websites, content delivery systems, and chatbots.
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Geographically, the artificial intelligence in education market span across regions namely, Europe, North America, Asia Pacific, and the Rest-of-the-World.
Among all the regions, North America is presumed dominate the global artificial intelligence in education market owing to the high adoption of technologies such as machine learning, artificial intelligence, digital learning, and others. Also, high investment in research and development activities has led to technological advancements and innovation, which is further considered to drive the market in this region.
The Asia Pacific region is considered to experience a significant growth rate due to the presence of emerging economies such as South Korea, India, and China. The growing initiatives from the government in order to support automation, digitization, and adoption of cloud-based services in this region is also likely to augment the market.
November 20, 2018: The alumni of Indian Institutes of Technology (IIT) will be hosting PanIIT Conclave 2019 on January 19 and 20, 2019 at its Delhi campus. The two-day conclave will be focusing on artificial intelligence, its related policies and growth directed at making India a powerhouse of AI. The conclave will also examine the opportunities for India to play the role of a global leader led by AI and machine learning.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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List of Tables
Table1 Global Ai In Education Market, By Country, 2018–2023
Table2 North America: Ai In Education Market, By Country, 2018–2023
Table3 Europe: Ai In Education Market: By Country, 2018–2023
List of Figures
Figure 1 Global Ai In Education Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Ai In Education Market
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Name: Abhishek Sawant
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Release ID: 495982