SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) in Education – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 133790
Companies: 396 – Players covered include Aleks; AWS; Blackboard; Bridgeu; Carnegie Learning; Century; Cognii; Cognizant; Dreambox Learning; Elemental Path; Fishtree; Google; IBM; Jellynote; Jenzabar; Knewton; Luilishuo; Metacog; Microsoft; Nuance Communications; OSMO; Pearson; Quantum Adaptive Learning; Querium Corporation; Third Space Learning and Others.
Coverage: All major geographies and key segments
Segments: Component (Services, Solutions); Deployment (Cloud, On-Premise); Application (Virtual Facilitators & Learning Environments, Content Delivery Systems, Intelligent Tutoring Systems, Fraud & Risk Management, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in Education Market to Reach $10.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Education estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$10.3 Billion by 2026, growing at a CAGR of 41.4% over the analysis period. Services, one of the segments analyzed in the report, is projected to record 42.9% CAGR and reach US$9.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solutions segment is readjusted to a revised 37.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $510.4 Million in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Artificial Intelligence (AI) in Education market in the U.S. is estimated at US$510.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 38.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37.8% and 34.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.