The global AI In Education Market size is expected to reach USD 32.27 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 36.0% from 2022 to 2030. Digitalization and technological advancement are innovating industrial sectors such as healthcare, manufacturing, education, and banking and finance. The education sector is no exception when it comes to the impact of AI integration on growth. Rapid implementation of innovative technologies such as AI in education is developing the teaching and learning experiences.
The COVID-19 pandemic severely impacted
industries across the world. However, the market for AI in education witnessed
a significant rise in the demand for innovative AI-based education solutions
during the pandemic. Advancements such as chatbots and virtual facilitators
make it reliable for the company to provide solutions and services to the
students, teachers, and tutors. In July 2021, Intel Corporation, a leading
technology-based company, collaborated with the Central Board of Secondary
Education (CBSE) in India to launch an AI-based learning platform named AI
Students Community (AISC). The collaboration is to integrate students from both
non-CBSE and CBSE schools to learn from Intel’s AI-certified experts.
Related Press Release@ AI In
Education Market Report
AI In Education Market Report Highlights
·
On the basis of component, the solutions segment held the largest
revenue share in 2021 and is expected to retain its lead during the forecast
period. The services segment is anticipated to expand at a CAGR of
37.1% during the projection period
·
By deployment, the cloud segment held the largest revenue share in 2021
and is projected to maintain its lead in the forecast period. The growth of the
cloud segment is attributed to the rise in the acceptance of cloud services by
schools, institutions, and corporates due to the low cost of deployment. The
on-premises segment is anticipated to expand at a CAGR of 34.7% during the
assessment period
·
Based on technology, the machine learning segment dominated the market
in terms of revenue in 2021 and is projected to maintain its lead during the
forecast period. The natural language processing (NLP) segment is likely to
register a lucrative CAGR of 36.6% during these years. The growth of
the NLP segment can be attributed to the increasing demand for virtual learning
by schools and universities, coupled with the rising investment in
technological development by educational institutes
·
In terms of application, the learning platform and virtual facilitators
held the largest revenue share in 2021. The smart content segment is likely to
register the fastest CAGR of 37.8% during the forecast period. The growth of
the smart content segment can be mainly attributed to the increasing adoption
of virtual learning platforms by many educational platforms
·
By end-use, the higher education segment dominated the market in 2021.
The K-12 education segment is likely to register a CAGR of 34.9% during the
projection period
·
North America captured the largest revenue share in 2021 and is expected
to retain its position during the forecast period. This can be attributed to
the existence of a large number of market players and high spending by people
on virtual learning for K-12 schools in the region
·
Asia Pacific is expected to expand at the highest CAGR of
38.7% during the assessment period. The market growth in this region is
primarily due to the increasing investment by the governments as well as
private organizations to support and bring AI advanced technology usage across
the region
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment