Home > Media & Technology > Next Generation Technologies > AI and Machine Learning > AI in Education Market
AI in Education Market Analysis
- Report ID: GMI2639
- Published Date: Jan 2023
- Report Format: PDF
AI in Education Market Analysis
The solution segment of AI in education market is poised to grow at 20% CAGR through 2032, as a result of the ongoing development of sophisticated platforms and massive investments in portfolio expansion by several technology companies to address the growing need for AI-powered educational software solutions, including adaptive learning technology tools, virtual learning assistants, and so on. For instance, in September 2021, educational technology developer Blackboard and Anthology, a leading software company, inked a deal to expedite the transformation of educational institutions and learning environments to promote student success rates.
The AI in education market from the cloud deployment is set to record 30% CAGR during 2023 to 2032, attributed to the prevalent adoption of cloud computing technologies due to their simplicity & flexibility. Notably, many higher education institutions in key regions are implementing cloud technology to improve information sharing across campuses worldwide. Additionally, the growing preference for virtual cloud classrooms to run a class or course remotely is likely to support industry growth.
The natural language processing technology is predicted to reach USD 20 billion valuation by 2032. Advancements in educational technologies and access to previously unprecedented amounts of educational text and speech are fostering the adoption of NLP to meet the demands of both students and educators. Moreover, the growing use of NLP to automate the assessment of student texts based on linguistic parameters, such as grammatical accuracy or organizational structure.
The smart AI education content market is slated to showcase more than 25% CAGR between 2023 and 2032. AI smart content creation stimulates the real-life experience of graphical web-based study environments and improves learning experiences using robots, audio & video, and 2D -3D visualization. The surging incorporation of IoT in education and services in order to make the most of this technology while making education more engaging and collaborative is projected to increase the demand for smart content.
The artificial intelligence in higher education market captured around USD 2 billion revenue in 2022. The soaring adoption of AI by numerous universities globally since the COVID-19 outbreak to bridge learning gaps and improve the learning pace, coupled with significant government efforts to enhance educational standards. For instance, in August 2022, India’s Ministry of Electronics and Information Technology collaborated with the University Grant Commission to offer specialized digital courses through the e-resources portal to millions of students in rural areas.
Europe AI in education market is expected to account for over 15% of the global industry revenue by 2032. The mounting adoption of AI across the region, as well as the continually developing AI systems that are bolstering data utilization, has increased the demand for advanced education and training. Furthermore, rising digitalization, the booming Edtech sector, and an upsurge in AI investment are projected to boost regional market expansion. For instance, in August 2022, Luven-based firm, DPhi, raised €300k in new funding to complement its goal of democratizing access to AI education.
Frequently Asked Questions (FAQ) :
AI in Education Market Scope
