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November 9, 2020

AI in Education Market Set to Register Healthy CAGR During 2020-2027

The Global AI in Education Market is projected to reach a value of over USD 4.7 Billion by 2027 at a CAGR of around 45.9%.

Artificial intelligence (AI) refers to the branch of computer science which helps to create an intelligent machine to perform several tasks. AI helps to transform the educational platform by skilling students with fundamental IT skills. Moreover, the voice assistants which include Apple Siri, Google Home, Amazon Alexa, and Microsoft Cortana is introduced the features by which students can be able to directly interact with the education materials. With the help of AI, not only educational institute is developing its features but also technology and engineering are enhancing its growth which updates techniques.

AI in Education Market: Drivers & Restraints

Market Drivers:

  • Increasing Demand for Robots

Increasing demand for will helps to enhance the features and techniques which will lead to increase the market growth. It is expected that robots will use to improve the teaching by providing the growth in individualized learning and also by identifying the area of improvement. As well it can also help the teacher to get real-time information about the students and its performance. Moreover, these will also lead to improve student knowledge and enhance performance skills.

Hence, increasing the growth of artificial intelligence in robots for education facilities would lead to enhance the demand for market growth in the forecast period.

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  • Adoption of E-Learning Platform

The adoption of an e-learning platform which helps the student to explore the topics in-depth and solve the complex problems efficiently, these features will lead to grow the market adoption. Also, it can benefit the users to upload their queries on the e-Learning services, where AI can help to identify and analyze the problems in the given interval of time. With the service of these courses, AI can also track the learners progress and can identify the area improvement.

Hence, the adoption of the e-Learning platform can also provide the different types of language according to the user preference which is also a key to boost the growth of the market in the forecast period.

Market Restraints:

  • High-Cost Issues

As the technologies have to update its features regularly, the software and hardware also have to update its features. The up-gradation technique of the latest features requires a high cost to modernize the process and system. As well as there is also a high cost of investment is required for repair and maintenance. Moreover, the systems are expensive to develop and implement and the timeframe required for the development of these systems is large limiting their implementation in the real world.

Therefore, high-cost issues are one of the major restraining factors which may hinder the market growth in the forecast period.

AI in Education Market: Key Segments

  • Based on Deployment Mode: Cloud and On-premise
  • Based on Component: Solution and Services
  • Based on Education Model: Domain Model, Pedagogical Model, and Student Model
  • Based on Technology: Machine Learning, Natural Language Processing (NLP) and Deep Learning
  • Based on Application: Smart Content, Intelligent Tutoring Systems, Virtual Facilitators, Chat Campus, Personalized learning and Others
  • Based on End-User: Education Institutes, Corporates, and Universities
  • Based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis

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AI in Education Market: Report Scope

The report on the AI in Education Market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Amazon Web Services, Inc.
  • Microsoft
  • Pearson
  • Google
  • Nuance Communications, Inc.
  • Cognizant
  • Querium Corporation
  • BridgeU
  • Carnegie Learning, Inc.
  • Other Key Companies
  • Cognii, Inc.
  • Jenzabar, Inc
  • Other Key Companies
    • IPsoft Inc.
    • Next IT Corp

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AI in Education Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

AI in Education Market, by Deployment Mode

  • Cloud
  • On-premise

AI in Education Market, by Component

  • Solution
  • Services

AI in Education Market, by Models

  • Domain Model
  • Pedagogical Model
  • Student Model

AI in Education Market, by Technology

  • Machine Learning
  • Natural Language Processing (NLP)
  • Deep Learning

AI in Education Market, by Application

  • Smart Content
  • Intelligent Tutoring Systems
  • Virtual Facilitators
  • Chat Campus
  • Personalized learning
  • Others

AI in Education Market, by End-User

  • Education Institutes
  • Corporates
  • Universities

AI in Education Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the important developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and on the market competitor in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market worldwide?
  • What is the important condition that will affect market growth worldwide during the study period?
  • Who are the major players operating in the market across the globe?
  • How are the major players leveraging in the present market scenario worldwide?

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Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Adoption of E-Learning Platform
      2. Increasing Demand for Robots
    3. Restraints
      1. High Cost Issues
    4. Opportunities
      1. Rising Smart Content Demand for Digitized Textbooks
      2. Growing Demand of the AI Technology
    5. Challenges
      1. Lack of Awareness
  1. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL AI IN EDUCATION MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Cloud
    3. On-premise
  3. GLOBAL AI IN EDUCATION MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Solution
    3. Services
  4. GLOBAL EDUCATION BY MODELS, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Domain Model
    3. Pedagogical Model
    4. Student Model
  5. GLOBAL AI IN EDUCATION MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Machine Learning
    3. Natural Language Processing (NLP)
    4. Deep Learning
  6. GLOBAL AI IN EDUCATION MARKET BY APPLICATION Market Size in USD Million (2019-2027)
    1. Introduction
    2. Smart Content
    3. Intelligent Tutoring Systems
    4. Virtual Facilitators
    5. Chat Campus
    6. Personalized learning
    7. Others
  7. GLOBAL AI IN EDUCATION MARKET BY END-USER Market Size in USD Million (2019-2027)
    1. Introduction
    2. Education Institutes
    3. Corporates
    4. Universities
  8. GLOBAL AI IN EDUCATION MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Amazon Web Services, Inc.
    3. Microsoft
    4. Pearson
    5. Google
    6. Nuance Communications, Inc.
    7. Cognizant
    8. Querium Corporation
    9. BridgeU
    10. Carnegie Learning, Inc.
    11. Other Key Companies
      1. Cognii, Inc.
      2. Jenzabar, Inc
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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November 9, 2020, 11:01
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