ARTIFICIAL INTELLIGENCE IN THE EDUCATION SECTOR MARKET SIZE, SHARE, TRENDS, GROWTH, ANALYSIS, BUSINESS OPPORTUNITIES, KEY PLAYERS, DEMAND, COMPETITIVE LANDSCAPE AND FORECASTS 2027
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Demand for real-time learner’s progress monitoring and analysis solutions, as well as growing demand for AI technology, will simplify administrative processes at institutions is driving artificial intelligence deployment in the education sector.
The global artificial intelligence in the education sector market is expected to be valued at USD 17.83 billion by 2027 from USD 1.08 Billion in 2019, registering a CAGR of 43.8% through the forecast period, according to the latest report by Emergen Research. The growth of the global artificial intelligence in the education sector market is driven primarily by the increased demand for real-time learner progress tracking and analysis solutions, and this is expected to further increase exponentially over the forecast period. Growing demand for artificial intelligence (AI) technology to simplify institutional administrative processes is expected to further fuel global artificial intelligence in the education sector market growth over the forecast period. It is also expected that the rise in venture capital funding for EdTech companies will fuel the development of global artificial intelligence in the education sector over the next few years.
During the forecast period, the high cost of implementation and deployment of artificial intelligence-driven software is expected to hamper the growth of the global artificial intelligence in the education sector market to some extent.
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Key Highlights from Report
Increasing the deployment of on-site artificial intelligence solutions in universities and colleges to reduce cyber-attacks and identity theft is currently driving the on-site segment’s revenue growth, which over the forecast period is projected to register a significantly high CAGR of 43.8%.
In terms of market share, the natural language processing segment is expected to make a significant contribution during the forecast period to the global market for artificial intelligence in the education sector due to the rising use of natural language processing technology to reduce the communication gap between computers and humans.
In terms of revenue, the segment of the virtual learning environment is expected to account for a high share of revenue in the global artificial intelligence in the education sector market over the forecast period due to the rising use of AI to enhance the higher education online learning experience.
The higher education sub-segment among the end-use segments is expected to account for the largest revenue share contribution to the global market over the forecast period due to the increasing integration of AI technology in colleges and universities to streamline admission processes.
Due to the presence of key market players in North American countries, such as Google LLC, Microsoft Corporation, and Amazon Web Services, Inc., and the greater deployment of AI-based solutions, the market in this region is projected to account for the largest share of revenue compared to other regional markets in the global artificial intelligence industry in the marine education sector.
Key market participants include Google LLC, Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, Cognizant Technology Solutions Corp, Pearson PLC, Nuance Communications Inc., Blackboard Inc., Carnegie Learning, Inc., and Cognii, Inc.
In October 2020, Carnegie Learning, Inc. revealed that Madison Dearborn Partners, LLC had made a strategic growth investment from Carnegie Learning. The strategic growth investment would boost Carnegie Learning’s role as a leading provider of artificial intelligence and formative evaluation in the education technology industry.
Emergen Research has segmented the global artificial intelligence in the education sector market on the basis of deployment, technology, application, end-use, and region.
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Artificial Intelligence in the Education Sector Market Deployment Outlook (Revenue, USD Billion; 2020–2027)
- Cloud-based
- On-premises
Artificial Intelligence in the Education Sector Market Technology Outlook (Revenue, USD Billion; 2020–2027)
Natural Language Processing
Deep Learning
Machine Learning
Artificial Intelligence in the Education Sector Market Application Outlook (Revenue, USD Billion; 2020–2027)
- Virtual Learning Environment
- Smart Content
- Intelligent Tutoring Systems
- Others
Artificial Intelligence in the Education Sector Market End-use Outlook (Revenue, USD Billion; 2020–2027)
- K-12 Education
- Higher Education
- Corporate Learning
Artificial Intelligence in the Education Sector Market Regional Outlook (Revenue, USD Billion; 2020–2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
Chapter 1. Artificial Intelligence in the Education Sector Market Methodology & Sources
1.1. Artificial Intelligence in the Education Sector Market Definition
1.2. Artificial Intelligence in the Education Sector Market Research Scope
1.3. Artificial Intelligence in the Education Sector Market Methodology
1.4. Artificial Intelligence in the Education Sector Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Artificial Intelligence in the Education Sector Market Key Insights
Chapter 4. Artificial Intelligence in the Education Sector Market Segmentation & Impact Analysis
4.1. Artificial Intelligence in the Education Sector Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing adoption of the Artificial Intelligence in the Education Sector in e-commerce
4.2.2.2. Reduces overall cost
4.2.3. Market restraints analysis
4.2.3.1. Limited support platform for market hardware and software
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Artificial Intelligence in the Education Sector Market By Offering Insights & Trends Revenue (USD Million)
Chapter 6. Artificial Intelligence in the Education Sector Market By Application Insights & Trends Revenue (USD Million)
Chapter 7. Artificial Intelligence in the Education Sector Market By End-User Insights & Trends Revenue (USD Million)
Chapter 8. Artificial Intelligence in the Education Sector Market By Industry Vertical Insights & Trends Revenue (USD Million)
Chapter 9. Artificial Intelligence in the Education Sector Market Regional Outlook
Continue…
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