Global Artificial Intelligence (AI) in Education Market Research and Forecast 2018-2023

Artificial intelligence plays an important role in improving the education system. Artificial intelligence in education is used to automate grading, support teachers, support students, meet a variety of student needs, allow teachers to act as learning motivators, provide personalized help and identify weaknesses in the classroom. Artificial intelligence has ability to accelerate the learning process that can streamline everything from admissions and grading. Currently, AI technology has capability to automate grading of multiple choice materials, however, it is expected that the technology will be able to grade more than standardized assessments as AI develops and becomes more intelligent. Growing numbers of adaptive learning programs, games, and software owing to technological advancement is the major factor driving the growth of the Artificial Intelligence in Education Market across the globe. Moreover, the increasing trends of smart learning and demand for personalized education are some of the factors propelling the growth of the global AI in Education market. Further, growing alliance among vendors and institutions owing to increase the application of AI software and solution for learning application is driving the market growth. Budget limitations due to high initial investment and lack of skilled teachers as well as students are some factors limiting the growth of the global AI in Education Market. However, increasing investments in the education sector and growing demand for enhancing education systems is likely to fuel the market growth in the near future.

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The AI in Education market can be segmented on the basis of deployment, technology, type, application and. Based on deployment, the market can be diversified into cloud based and on-premise based deployment. Cloud-based AI solutions is expected to dominates the global AI in education market by deployment model owing to increase the adoption of cloud-based services. Based on technology, the market is bifurcated into deep learning and machine learning and natural language processing (NLP). On the basis of type, the market is segmented into software and service. On the basis of application, the market is segmented into computer-assisted instruction, educational diagnosis and assessment, student-initiated learning, intelligent computer-assisted instruction and others. Other application of AI in education include education data management, job recommendation, and training and development.

The global AI in Education market is further analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. North America holds a dominant position in the global AI in Education market. Due to increasing cloud-based adoption, increasing trends of smart learning and demand for personalized education, the AI in education market is growing significantly. APAC is expected to dominate the market in forecast period. This is mainly owing to presence of dominating players such as china and Japan. Further Europe has significant market share in the global AI in Education market.

Some of the key vendors of the AI in Education market are Aleks Corporation, Amazon Web Services, Inc., Cognizant, Google Inc., IBM Corporation, Pearson, Microsoft Corporation and Quantum Adaptive Learning, LLC. In order to sustain in the competitive market, these players adopt various strategies such as acquisitions, mergers, geographical expansions, joint ventures and product development and so on. For instance, on March 2018, Microsoft has opened its newly AI School in France to accelerate the development of strong education system.

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