AI in Education Market :Opportunities, Size, Share, Competitive Analysis and Growth Forecast

In the Asia Pacific (APAC) region, the growing use of digital technology and increasing government support toward the education sector are expected to contribute to the growth of the AI in education market.

(EMAILWIRE.COM, July 05, 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.

Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=200371366

Among services, the professional services segment is expected to have the larger market size during the forecast period, as these services play a crucial role in providing the detailed analysis of clients’ requirements.

The AI in education market is also segmented on the basis of applications. The virtual facilitators and learning environments application segment is expected to have the largest market size and grow at the highest CACR during the forecast period. As virtual facilitators and learning environments use simulations, games, and the AI technology to encourage students to enhance their learning experience as well as gain and improve knowledge.

Based on end-users, the AI in education market is segmented into educational institutes, educational publishers, and others (Massive Open Online Courses (MOOCs), Virtual Learning Environments (VLEs), computer-based tests, adaptive learning, and immersive learning). The educational institutes segment is expected to have the largest market size and grow at a higher CAGR during the forecast period. AI- enabled solutions can help universities with research and learning processes.

Among deployment modes, the cloud deployment mode is expected to grow at a higher CAGR during the forecast period. The cloud deployment mode offers cost-effectiveness for various education applications, such as virtual assistance and Learning Management Systems (LMS).

Major vendors who offer AI in education solutions across the globe include 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). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the AI in education market.

To Know More About AI in Education Market -
https://www.marketsandmarkets.com/Market-Reports/ai-in-education-market-200371366.html

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.