DUBLIN--(BUSINESS WIRE)--The "AI in Education Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The Artificial Intelligence in education market was valued at US$2.022 billion for the year 2019.
The growing adoption of artificial intelligence in the education sector due to the ability of these solutions to enhance the learning experience is one of the key factors which is anticipated to propel its adoption across the globe for education purposes.
The proliferation of smart devices and the rapidly growing trend for digitalization across numerous sectors is also propelling the demand for artificial intelligence solutions in the education sector. Artificial intelligence majorly uses deep learning, machine learning, and advanced analytics especially for monitoring the learning process of the learner such as the marks obtained and speed of a particular individual among others. Also, these solutions offer a personalized learning experience and high-quality education and also helps the learners to enhance pre-existing knowledge and learning.
The growth of the market is also anticipated to be driven by the growth in the use of multilingual translators which are integrated with AI technology. Furthermore, the artificial intelligence solutions also give customizable learning experience depending on the requirements of the end-user, student path prediction, suggestion of learning path, identification of weakness, and also help the learners to analyze their areas for improvement and help them to improve their capabilities.
However, the less availability of skilled workforce, high investment costs coupled with the growth in the risk of data security on account of a surge in the number of cyber-attacks is one of the major factors which is anticipated to hamper the growth of the artificial intelligence in the education market. The integration of AI-empowered educational games is also projected to boost the adoption of these solutions across the K-12 education segment, as the learning for the students become highly interactive and further helps the teachers also to uplift the learning experience of the students. In addition, the integration of AI in the education sector has revolutionized the overall learning experience across all the learning areas through its result-driven approach.
Furthermore, the use of artificial intelligence in education can also be used for automating the basic activities in the education sector which includes grading and assessment purpose among others. This, in turn, leads to saving the teachers time to stay more focused on the quality of education of the professional development of the students. The use of these solutions enables the learners to attain the ultimate academic success through the help of smart content. The global artificial intelligence in the education market has been segmented on the basis of offering, technology, end-use, and geography. On the basis of offering the market has been classified into solutions and services. By technology, the market has been segmented into deep learning, machine learning, and natural language processing. By end-user, the segmentation has been done on the basis of academic learning and corporate learning.
- IBM Corporation
- Amazon Web Services Inc.
- Microsoft Corporation
- Google LLC
- AI Brain Inc.
- Blippar Ltd
- Nuance Communications, Inc.
- Cognii, Inc.
Services are projected to show good growth opportunities
By offering, the market has been segmented into solutions and services. The services segment is estimated to show decent growth opportunities during the forecast period and beyond on account of the rising awareness among education providers regarding the adoption of AI technology for providing high-quality education. Furthermore, the growing trend of professional training services is also leading to the high adoption of AI-powered solutions for corporate learning purposes which also supports the growth of this segment during the next five years.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Artificial Intelligence in Education Market Analysis, By Offering
6. Artificial Intelligence in Education Market Analysis, By Technology
6.2. Deep Learning
6.3. Machine Learning
6.4. Natural Language Processing
7. Artificial Intelligence in Education Market Analysis, By End User
7.2. Academic Learning
7.2.1. K-12 Education
7.2.2. Higher Education
7.3. Corporate Learning
8. Artificial Intelligence in Education Market Analysis, By Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/2dejei