Artificial Intelligence in Education Market Size to Reach USD 23.82 Billion, With a CAGR of 38.00% by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights:

According to a comprehensive research report by Market Research Future (MRFR), Artificial Intelligence in Education Market By Application, By Deployment Type, By Region till 2030”, the market was valued USD 2.5 billion in 2022 and is predicted to thrive substantially during the assessment era from 2023 to 2030 at a healthy CAGR of approximately 38.00% to attain a valuation of around USD 23.82 Billion by the end of 2030.

Collectively, they are committing substantial financial resources, amounting to billions of dollars, towards diverse AI applications. These applications span various domains such as robotics, machine learning, virtual assistance technology, autonomous vehicles, and natural language processing to computer vision. The primary portion of these investments in AI is directed towards internal corporate initiatives by technology companies, focusing on research and development to enhance AI capabilities. The onset of the COVID-19 pandemic has heightened the significance of online education, prompting major online education platforms to incorporate AI technologies. This integration is aimed at improving the overall learning experience for their users.

Key Players:

Eminent industry players profiled in the artificial intelligence in education market report include

• IBM Corporation (US)
• Microsoft Corporation (US)
• Google (US)
• Cognizant (US)
• Pearson (UK)
• Bridge-U (UK)
• DreamBox Learning (US)
• Fishtree (US)
• Jellynote (France)
• Jenzabar Inc. (US)

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Scope of the Report Artificial Intelligence in the Education market:

Market Segmentation

The artificial intelligence in the education market worldwide is categorized according to component, deployment, technology, and application.

In terms of application, the market is expected to be led by content delivery systems throughout the forecast period.

Regarding technology, machine learning is anticipated to be the dominant force in the market over the forecast period.

In the realm of deployment types, on-cloud solutions are projected to take the lead in the market throughout the forecast period.

In the component category, services are expected to hold the majority share in the market over the forecast period.

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Drivers

Rising Preference for Smart Content to Boost Market Growth

A notable trend in the AI in education market is the increasing inclination towards intelligent materials. Smart content is gaining popularity in schools and other educational institutions, as it enhances educators’ understanding of learning platforms, significantly impacting the teaching process. Through the incorporation of gamification strategies, intelligent digital content platforms provide interactive learning materials, creating an engaging and immersive learning environment. There is a growing emphasis on providing smart digital content solutions to enable students to engage in practice exercises, access personalized content solutions, and receive real-time feedback based on their performance, highlighting a focused effort by businesses in this direction.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Artificial Intelligence in Education Market –https://www.marketresearchfuture.com/reports/artificial-intelligence-education-market-6365

Regional Analysis

During the forecast period, North America is expected to lead the global artificial intelligence in education market, driven by the early adoption of innovative technologies in the region. The well-established educational infrastructure, particularly in the U.S. and Canada, is also poised to contribute significantly to market growth.

In Europe, considerable growth is projected in the global artificial intelligence in education market due to the region’s highly developed educational infrastructure. Additionally, the increasing focus on digitization initiatives and substantial investments in AI are anticipated to foster market growth throughout the forecast period.

The Asia Pacific region is poised for substantial growth in the global artificial intelligence in education market, driven by the escalating need for digitization. Initiatives such as e-governance in India, aligned with the broader Digital India program, are expected to further boost market growth in the region.

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