Education industry is
growing rapidly with the more development in the technology and generating so
many e-learning platforms which make the learning more innovative. Moreover,
with the more development in the technology the industry of education has been undergoing
with the gained of significant level. According to the report analysis, ‘Education
Industry Analysis’ states that the artificial technology has become an
important tool in the education industry and it is widely used in the sector of
information level, knowledge acquisition applications and language translation
and others. Moreover, this artificial intelligence technology is being used by
the market players for designing the digital content. Furthermore, based on
technologies, the Artificial intelligence technology in education market is
divided into deep learning and machine learning and based on components the AI
in education market is divided into solutions and services. It is also expected
that in the forecasted period this market will grow with the further
development in the AI.
In the developed
countries such as North America has shown growth potential due to the
increasing investments in the region and various key players are taking
initiatives for solving problems related to AI. The machine and deep learning
technology offers a systematic way to analyze the capability of students from
their performance data whereas, this technology is becoming crucial for
managing educational patterns and recommending changes and teaching methods.
Moreover, the service segment is classified into professional and managed
services. In the coming years, the AI in Education Market is expected to exceed
USD 6 billion across the globe.
Additionally, with the acceptance of AI in the education sector it
offers various benefits such as immediate feedback on course quality, tutoring
grading, instant feedback to students and personalization in education. The
technology helps in protecting the teaching profession with tasks such as
cultivating pupils, developing soft skills amongst students and motivate them
for better education. The government of every economy is also promoting the
usage of this technology in the education industry and investing more and more
for improving the digital literacy rate. According to the report analysis, ‘Market Research Reports For Education’ suggests
that artificial intelligence tools can help make global classrooms available to
all including who speak different languages or who might have hearing and
visual hearing impairments. In the recent trend, it is observed that the key
players are working more efficiently for making the applications of AI more
innovative.
The developed
countries is estimated to be the most lucrative portion for AI in education
market whereas the Asia Pacific region is becoming more profitable with the
significant development in this technology. It is also expected that in the
Asia Pacific region market is estimated to grow at a significant CAGR and lead
to digitalization. Moreover, North America region is expected to grow with the
effective development in the technology of AI and dominate the huge market
share followed by the Europe.
Microsoft, Century
Tech, Volley.com, Content Technologies, Quantum Adaptive Learning, Jenzabar,
IBM, Google, Nuance, Blackboard and others are the major key players in the AI
in education market. Whereas, the Microsoft is the leading player of this
market followed by Google and Blackboard. Moreover, with the existence of
numerous key players results to competitive landscape. Therefore, with the new
entrants in this market, the education market will grow positively in the
coming years with the rise in technologies in the forecasted period over the
decades.
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