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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)

Jan 17, 2024 4:00 AM ET

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:

  Report Metrics

  Details

  Market Size by 2030

  USD 23.82 Billion

  CAGR during 2023-2030

  38.00%

  Base Year

  2022

  Forecast

  2023-2030

 

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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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

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Contact Information:

Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website: https://www.marketresearchfuture.com



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