Artificial Intelligence

Artificial Intelligence in the Education Sector Market Size Forecasted to be Worth USD 17.83 Billion by 2027


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 increased demand for real-time learner progress tracking and analysis solutions, and this is expected to increase exponentially over the forecast period. Growing demand for artificial intelligence (AI) 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 projected that the rise in venture capital funding for EdTech companies will fuel the development of global artificial intelligence in the education sector industry over the next few years.

During the forecast period, the high cost of implementation and deployment of AI-driven software is expected to hamper the growth of global artificial intelligence in the education sector market to some extent.

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Key Highlights of Report:

  • The increasing deployment of on-site AI solutions in universities and colleges to reduce cyber-attacks and identity theft cases is currently driving the revenue growth of the on-site sub-segment and is projected to register a high CAGR of 43.8% during the forecast period.
  • In terms of market share, the natural language processing sub-segment is expected to contribute to the global artificial intelligence in the education sector market significantly during the forecast period due to the rising use of natural language processing technology to reduce the communication gap between computers and humans.
  • In terms of revenue, the virtual learning environment sub-segment 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 segment among the end-use segments is expected to account for the largest revenue share contribution to the global market over the forecast period as a consequence of the increasing implementation of AI technology in colleges and universities to streamline admission processes.
  • Due to the considerable presence of leading 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 regions in the global artificial intelligence in the education sector industry.
  • 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, obtained 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.
See also  Detailed Insights on the Global Artificial Intelligence in Enterprise Communications and Collaboration Market, 2019

Emergen Research has segmented the Global Artificial Intelligence in the Education Sector Market on the basis of deployment, technology, application, end-use, and region.

  • Deployment Outlook (Revenue, USD Billion; 2017–2027)
  • Technology Outlook (Revenue, USD Billion; 2017–2027)
    • Natural Language Processing
    • Deep Learning
    • Machine Learning
  • Application Outlook (Revenue, USD Billion; 2017–2027)
    • Virtual Learning Environment
    • Smart Content
    • Intelligent Tutoring Systems
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2017–2027)
    • K-12 Education
    • Higher Education
    • Corporate Learning
  • Regional Outlook (Revenue, USD Billion; 2017–2027)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. India
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. U.A.E.
      3. Rest of MEA

To get leading market solutions, visit the link below: 

https://www.emergenresearch.com/industry-report/artificial-intelligence-in-the-education-sector-market









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