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
- 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.
Get Sample Copy of This Report @
- 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.
- 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
Request for Methodology of This Report @
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.
- Nuance Communications, Inc.
- Querium Corporation
- Carnegie Learning, Inc.
- Other Key Companies
- Cognii, Inc.
- Jenzabar, Inc
- Other Key Companies
- IPsoft Inc.
- Next IT Corp
Consult with Analyst @
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
AI in Education Market, by Component
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
AI in Education Market, by End-User
- Education Institutes
AI in Education Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Purchase this Premium Industry Research Report with Analysis @
Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends – Porters Five Forces Analysis
6 GLOBAL AI IN EDUCATION MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2019-2027)
7 GLOBAL AI IN EDUCATION MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
8 GLOBAL EDUCATION BY MODELS, Market Size in USD Million (2019-2027)
9 GLOBAL AI IN EDUCATION MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
10 Competitive Landscape
11 Company Profiles
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”.
Phone: +1 (720) 306 9020
For more market research insights, please visit https://www.forencisresearch.com