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Artificial Intelligence (AI) in Education Market Growth Drive to 2027

Artificial Intelligence (AI) in Education Market to 2027 - Emerging Growth Drivers and Application Forecast

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Artificial Intelligence (AI) in Education Market Growth Drive to 2027

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  1. Artificial Intelligence (AI) in Education Market to 2027 - Opportunity Analysis & Growth Forecast Report • Digitization and smart technological tools, like artificial intelligence (AI), have been foraying in almost every industrial sector over the past few years. Educational sector is no exception. There has been a considerable rise in the application of AI in education on account of the advanced features and benefits offered by the technology. This is opening lucrative growth opportunities for artificial intelligence in education market. According to Global Market Insights, Inc., the market size is estimated to surpass USD 20 billion by 2027. • Rising integration of Intelligent Tutoring System (ITS) in the learning process has significantly improved the learning styles of students, providing personalized tutoring and high-quality education, thus positively influencing the industry landscape. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. AI based education applications are majorly used for higher education, K-12 education and corporate training. However, K-12 segment is witnessing higher adoption rate. In 2020, the segment had held a sizeable market share of over 30%. This can be ascribed to the increasing transitions in academic standards and growing inclination towards measuring students’ critical thinking and problem-solving capabilities, preparing them for higher education and successful career. AI software tools, in this regard, help in understanding the student requirements at every stage of learning and preparing the learning course as per the students’ strengths and weaknesses. • In terms of component, service segment to witness a notable CAGR of 40% through 2027, owing to the heightened adoption of cloud computing services which is impelling the demand for managed services. Besides, emergence of Platform-as-a-Service and Software-as-a-Service is contributing to the segmental growth. • With regards to the technology, machine learning is gaining increased prominence owing to the advantages associated with it such as it helps to understand the educational patterns and suggest variations in teaching methodologies. It also facilitates unbiased grading system and feedback mechanism for teachers as well as students. Meanwhile, machine learning boasts of the ability to collect and maintain the rich content of information, determine meaningful patterns within the information and convert it into a structured database for later use. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2639 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. With regards to deployment, cloud segment is amassing high popularity and is expected to record a robust CAGR of over 50% through 2027. This is majorly due to the rising application of cloud services, reduction in the ownership cost for educational institutes and helping them in investing in infrastructural developments required for high quality of education. • Regional Analysis • Speaking of the regional outlook, the industry is observing a meritorious growth across Europe. In 2020, Europe artificial intelligence in education market had accounted for a significant revenue share of over 15%. The notable market size can be attributed to the increased penetration of digitalization and rising investments in AI. The internet penetration in the region was estimated to reach around 91% in 2020. • Competitive Analysis • The global artificial intelligence in education market is dominated by leading firms such as Amazon Web Services, Inc., Blackboard Inc., Blippar, Century Tech Limited, Cerevrum Inc., CheckiO, Pearson PLC, TrueShelf, Querium Corporation, Knewton., Cognii Inc., Google Inc., Microsoft Corporation, Nuance Communication Inc., IBM Corporation., Jenzabar Inc., Yuguan Information Technology LLC, Pixatel Systems, PleiQ Smart Toys SpA, and Quantum Adaptive Learning LLC. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On AI in Education Market @ https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-education-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2639 Request for customization: https://www.gminsights.com/roc/2639 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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