Artificial Intelligence In Education Sector Market | Contrive Datum Insights

The Artificial Intelligence in Education Sector market size was valued at USD 1.84 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 36.2% from 2022 to 2030.

Artificial Intelligence in Education Sector Market Overview

Factors such as increasing private and public sector investments in artificial intelligence and educational technology and the popularity of edutainment are driving the demand for artificial intelligence (AI) in education. Moreover, advancements in technology are driving the demand for artificial intelligence in education globally. The COVID-19 pandemic has severely impacted industries around the world. However, during the pandemic, the market demand for innovative AI-based educational solutions has increased significantly. According to a survey released by the Association of College Professionals and Continuing Education in 2021, 52% of teachers in the United States are more confident in online education than before the outbreak. In May 2020, higher education technology innovator Jenzabar, Inc. announced the launch of the Jenzabar Unity platform to improve operational efficiency and reduce cross-campus-related technology barriers with iPaaS integration.

The Artificial Intelligence in Education Sector Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of global Artificial Intelligence in the Education Sector market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Cognii, IBM Corporation, Quantum Adaptive Learning, ALKES Corporation, Dreambox Learning, Blackboard, Microsoft Corporation, Pearson Corporation, Jenzabar, SOFIA Labs., and others.

Industry Development:

• In March 2017, IBM partnered with Salesforce, and the two companies will co-sell IBM Watson and Salesforce Einstein services. Through this partnership, the two companies will combine the capabilities of Watson and Einstein to reach more customers.
• In September 2020, GoLearn Education Ltd launched GoLearn, an artificial intelligence-based English language teaching (ELTL) platform. The purpose of this launch is to provide English language learners and teachers with an interactive artificial intelligence-based learning platform.

What are the major Applications, Types, and Regions for Artificial Intelligence in Education Sector Market?

Component Outlook

• Solutions
• Services

Deployment Outlook

• Cloud
• On-premises

Technology Outlook

• Natural Language Processing (NLP)
• Machine Learning

Artificial Intelligence in Education Sector Market Regional Insights:

North America will dominate the market with a revenue share of over 36.1% in 2021. Factors such as the presence of leading companies developing solutions and services, technological infrastructure, and a large number of end users of educational devices using artificial intelligence in education are the factors driving the market in this region. For example, in October 2021, IBM announced that it will equip 30 million people with new skills by 2030 through more than 170 industry and academic partnerships, which will help fill the growing skills gap, democratize opportunity, and Equip a new generation of workers with the skills they need to build a better future.
Asia Pacific is expected to be the fastest-growing region during the forecast period. The growth of the regional market can be attributed to the presence of market players in the region. Baidu, Dongdian Technology, Squirrel AI, BYJU'S, Noodle Factory PTE. Ltd., and Liulishuo are several tech giants and startups operating in the region. Advances in artificial intelligence technologies, increasing government investments and spending, and adoption of new technologies in the education sector in the region are the key factors driving the growth of the market. For example, in July 2021, the Prime Minister of India announced the AI for All initiative of the Central Board of Secondary Education (CBSE), in partnership with Intel and the SAFAL assessment system. AI for All is a four-hour self-paced learning course that demystifies artificial intelligence in a way that is accessible to everyone.

Geographically, the global Artificial Intelligence in the Education Sector market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Artificial Intelligence in Education Sector Market Report Scope:

Frequently Asked Questions (FAQ) about Artificial Intelligence in Education Sector market:

What is the CAGR of global Artificial Intelligence in Education Sector market?

The Artificial Intelligence in Education Sector Market is growing at a CAGR of 36.2% during the forecast period.

Which region would offer high growth for vendors in Artificial Intelligence in Education Sector market?

North America will dominate the market with a revenue share of over 36.1% in 2021.

Which Is the Most potential market segment?

Component Outlook

• Solutions
• Services

Deployment Outlook

• Cloud
• On-premises

Technology Outlook

• Natural Language Processing (NLP)
• Machine Learning

Which are the top industry players in Artificial Intelligence in Education Sector market?

Cognii, IBM Corporation, Quantum Adaptive Learning, ALKES Corporation, Dreambox Learning, Blackboard, Microsoft Corporation, Pearson Corporation, Jenzabar, SOFIA Labs.