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AI in Education Market Size

Report ID: GMI2639
Published Date: Jan 2023
Report Format: PDF

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AI in Education Market Size

Artificial Intelligence (AI) in Education Market size reached USD 4 billion in 2022 and is projected to expand at over 10% CAGR from 2023 to 2032, owing to the growing inclination towards personalized learning.

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Increasing reliance on technological reinforcement and conventional techniques has rendered traditional education models no longer sufficient to sustain the sector. In order to fulfill the evolving demands of students and educators, edtech startups are transforming and improving the education sphere by disrupting traditional technologies and advancing existing learning methods. As of January 2023, there are 30 EdTech Unicorns worth $89 billion worldwide.

AI in Education Market Report Attributes
Report Attribute	Details
Base Year:	2022
AI in Education Market Size in 2022:	USD 4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	USD 30 Billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	430
Segments covered:	Component, Technology, Deployment Type, Application, End-use, and Region
Growth Drivers:	Increasing venture capital investment in AI and EdTech Exponentially growing digital data Growing integration of ITS in-learning process Increasing partnerships with education content providers Rising adoption of cloud-based services
Pitfalls & Challenges:	Data safety & security issues Limitation of ITS Lack of skilled professionals

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market of artificial intelligence (AI) in education was worth USD 4 billion in 2022 and is set to grow at a 10% CAGR through 2032 driven by the growing inclination toward smart and personalized learning methods.

The higher education end-use segment accounted for more than USD 2 billion in revenue in 2022 and is foreseen to record significant growth through 2032 as a result of the rising use of AI by universities worldwide after the COVID-19 outbreak to bridge learning gaps and accelerate learning, in combination with increased government efforts.

The market for artificial intelligence (AI) in education in Europe is poised to account for more than 15% industry share by 2032 owing to the continually developing AI systems that are boosting data utilization.

Blackboard Inc., IBM Corporation, Amazon Web Services (AWS), Google Inc, IBM Corporation, Knewton, Squirrel AI, and others are some key companies functioning in the industry.