What Has Been The Evolution of the AI in Education Market in Recent Years?
The ai in education market has seen considerable growth due to a variety of factors.
•In recent years, the size of the AI in education market has expanded rapidly. With a compound annual growth rate (CAGR) of 38.4%.
it is projected to develop from $5.47 billion in 2024 to $7.57 billion in 2025. The remarkable growth during the historical epoch can be attributed to factors such as digital learning platforms, personalized learning strategies, adaptive learning systems, big data and analytics, and early AI tutoring systems.
What Is the Forecasted Market Size and Growth Rate for The AI in Education Market?
The ai in education market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for AI in education is anticipated to undergo tremendous expansion. With a compound annual growth rate (CAGR) of 41.4%,
its valuation is projected to reach $30.28 billion by 2029. Facets contributing to this projected growth during the forecast period comprise distance and mixed-mode learning, AI-supported evaluation tools, rising investments in EdTech, and enhanced support systems for teachers. Notable emerging trends during this period include AI-fueled learning analytics, application of augmented reality (AR) and virtual reality (VR) in education, ethical use of AI in learning, AI-driven language studies, and the combination of gaming principles and AI in learning processes.
What Factors Are Driving Growth In The AI in Education Market?
The increase in smartphone users is anticipated to escalate the expansion of the artificial intelligence (AI) in the education market. Smartphone users make use of a cellular device that encompasses a computer along with other features that were not previously associated with phones, such as a web browser, an operating system, and the capacity to execute software applications. Using AI technology in educational apps and platforms, smartphone users enjoy tailored and flexible learning experiences. Furthermore, smartphones provide real-time engagement and interaction, enabling learners to smoothly interact with AI-enhanced virtual tutors. Their widespread usage broadens the extent and effect of AI in education, making personalized, top-quality learning more accessible for a larger community. For example, the Ericsson Mobility Report 2022 from Ericsson, a telecommunications and networking enterprise based in Sweden, reported that smartphone subscriptions amounted to 6,420 million in 2022 and are projected to touch 7,740 million by 2028. As a result, the growing population of smartphone users will fuel the AI in education market.
What Are The Main Segments Of The Global AI in Education Market?
The AI in education market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology: Natural Language Processing (NLP), Machine Learning
3) By Deployment: Cloud, On-Premises
4) By Application: Learning Platform And Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud And Risk Management, Other Applications
5) By End-User: K-12 Education, Higher Education, Corporate Training And Learning
Subsegments:
1) By Solutions: Learning Management Systems (LMS), Intelligent Tutoring Systems, Assessment And Testing Solutions, Content Creation Tools, Student Engagement Platforms
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Training And Development Services, Data Analytics Services
Pre-Book The AI in Education Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The AI in Education Market?
Product advancements are a crucial strategy increasing in prominence within the realm of artificial intelligence (AI) in the educational sector. Firms of relevance within this industry are concentrated on crafting novel solutions to bolster their market standing. Interactive learning technology platform, Nerdy Inc., had in February 2023 incorporated two contemporary products as an exemplar of such. These are the AI-Generated Lesson Plan Creator and AI-Generated Chat Tutoring, synchronizing with ChatGPT across their entire product range. ChatGPT, an AI chatbot, harnesses natural language processing to accomplish a conversational dialogue mirroring human interaction. Among its features, the adaptive lesson plan generator as developed by AI can foster a range of content for experts. It also provides comprehensive guidance on possible lesson structure and optimal content utilization. Utilizing AI for chat tutoring allows for constant, real-time assistance for learners subscribed to the consumer learning membership, accessible round-the-clock by serving immediate and precise responses to student inquiries.
Who Are the Key Players in the AI in Education Market?
Major companies operating in the AI in education market include:
• Alphabet Inc.
• Microsoft Corporation
• Amazon Web Services Inc.
• IBM Corporation
• Cognizant Technology Solutions Corporation
• Harbinger Group
• Pearson plc
• Nuance Communications Inc.
• McGraw Hill Education Inc.
• Blackboard Inc.
• Coursera Inc.
• Duolingo Inc.
• D2L Corporation
• Age of Learning Inc.
• Jenzabar Inc.
• Netex Knowledge Factory S.A.
• Carnegie Learning Inc.
• DreamBox Learning Inc.
• Third Space Learning
• Kadenze Inc.
• Knewton Inc.
• BridgeU Ltd.
• Century-Tech Limited
• Cognii Inc.
• Fishtree Ltd.
• Prazas Learning Inc.
• Wooclap SA
• YiXue Squirrel AI Learning Inc.
• Jellynote
• Querium Corporation
What Is The Most Dominant Region In The AI in Education Market?
North America was the largest region in the artificial intelligence (AI) in education market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
