PUBLISHER: Allied Market Research | PRODUCT CODE: 1365588
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365588
According to a new report published by Allied Market Research, titled, "Artificial Intelligence in Education Market," The artificial intelligence in education market was valued at $2.5 billion in 2022, and is estimated to reach $88.2 billion by 2032, growing at a CAGR of 43.3% from 2023 to 2032.
In addition, software used in education and training is enhanced with the use of technologies such as deep learning, machine learning, and natural language processing (NLP). All technological advancements are made in accordance with educational models such as the learner model, pedagogical model, and domain model in order to enhance educational systems and enable better knowledge delivery and assessment.
Moreover, the demand for artificial intelligence (AI) in education is being driven by factors such as rising investments in AI and EdTech by the public and private sectors, as well as rising edutainment penetration. Moreover, the demand for AI in education globally is also being fueled by technological innovation. Industries all across the world were severely affected by the COVID-19 pandemic. But during the epidemic, the market saw a marked increase in demand for creative AI-based teaching solutions.
Furthermore, personalized education and adaptive learning, virtual assistants and smart tutoring and improvements in administrative efficiency are primarily driving the growth of artificial intelligence in education market. However, privacy and ethical issues and access issues and equity concerns hamper the market growth to some extent. Moreover, enhanced motivation and engagement of students and data-driven decision making are expected to provide lucrative opportunities for market growth during the forecast period.
On the basis of component, solution segment dominated the AI in education market in 2022, and is expected to maintain its dominance in the upcoming years owing to rising usage and development of artificial intelligence technologies in the educational sector propels the market growth significantly. However, service segment is expected segment is expected to witness highest growth, owing to gain knowledge about learning patterns, instructional efficacy, and student outcomes, these platforms gather and analyze enormous volumes of educational data, including student performance, engagement, and behavior.
Artificial intelligence in education market is segmented into component, deployment, technology, application, end user, and region. On the basis of component, it is segregated into solutions and services. On the basis of deployment, it is segregated into on-premise and cloud. On the basis of technology, it is segregated into machine learning and deep learning and natural language. On the basis of application, it is segregated into learning platform & virtual facilitators, smart content delivery, fraud and risk management, intelligent tutoring system (ITS) and others. On the basis of end user, it is segregated into corporate learning, K-12 education, higher education and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of region, North America region dominated the AI in education market in 2022, and is expected to maintain its dominance in the upcoming years, owing to to the increasing technical developments that are entirely revolutionizing the landscape of the IT industry and, in turn, encouraging the drive for the implementation of efficient servers and networking solutions. However, Asia Pacific region is expected segment is expected to witness highest growth, owing to increase the efficacy and quality of education offered by artificial intelligence in education industry has increased due to the sizeable population and growing emphasis on education in Asia-Pacific.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)