AI in Education Market - Qualitative insights 2023 -

Global Artificial Intelligence (AI) in education market to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period.

(EMAILWIRE.COM, July 03, 2018 ) The growing adoption of Artificial Intelligence (AI) for various applications in the education sector to enhance teachers’ and students’ experience and improve their knowledge and growing need for multilingual translators integrated with the AI technology are expected to drive the growth of the AI in education market. MarketsandMarkets forecasts the global market to grow from USD 373.1 Million in 2017 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period. The base year considered for the study is 2017 and the forecast period is 2018–2023.

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The objective of the report is to define, describe, and forecast the size of the AI in education market on the basis of technologies, applications, components (solutions and services), deployment modes, end users, and regions. The report also aims at providing detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the global AI in education market size began with capturing data from the key vendors’ revenues through secondary research, annual reports, government publishing sources, Institute of Electrical and Electronic Engineers (IEEE), Factiva, Bloomberg, and press releases. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall global market size from the revenues of the key market players.

The AI in education market includes various AI in education vendors, such as IBM (US), Microsoft (US), Bridge-U (UK), DreamBox Learning (US), Fishtree (US), Jellynote (France), Jenzabar (US), Knewton (US), Metacog (US), Querium Corporation (US), Google (US), AWS (US), Cognizant (US), Carnegie Learning (US), Century-Tech (UK), Cognii (US), Elemental Path (US), Liulishuo (China), Nuance Communications (US), Osmo (US), Pearson (UK), Third Space Learning (UK), Quantum Adaptive Learning (US), ALEKS (US), and Blackboard (US)