Artificial Intelligence in Education Market Recent Industry Trends And Developments Analysis By 2030
Artificial Intelligence in Education Market Overview:
The Artificial Intelligence (AI) In Education Market is expected to grow USD 23.82 billion by 2030 at a CAGR of 38.00% during the forecast period 2023-2030. The increasing demand for personalized learning, growing adoption of online learning, and rising investment in AI-powered education solutions are some of the key factors driving the growth of the market.
Key Players:
Some of the key players in the AI in education market include:
Pearson
Knewton
DreamBox Learning
Edmodo
Instructure
These companies are investing in research and development to develop innovative AI-powered education solutions.
Segmentation:
The AI in education market can be segmented by component, technology, deployment mode, organization size, and region.
By Component
The component segment can be further segmented into hardware, software, and services. The software segment is expected to dominate the market during the forecast period. This is due to the increasing demand for AI-powered learning management systems (LMS), adaptive learning platforms, and virtual tutors.
By Technology
The technology segment can be further segmented into machine learning, natural language processing, computer vision, and context-aware computing. The machine learning segment is expected to dominate the market during the forecast period. This is due to the increasing use of machine learning algorithms in AI-powered education solutions to personalize learning, provide real-time feedback, and identify student engagement.
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By Deployment Mode
The deployment mode segment can be further segmented into on-premises and cloud-based. The cloud-based segment is expected to dominate the market during the forecast period. This is due to the increasing demand for cloud-based AI-powered education solutions that offer scalability, flexibility, and cost-effectiveness.
By Organization Size
The organization size segment can be further segmented into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises are expected to dominate the market during the forecast period. This is due to the increasing adoption of AI-powered education solutions by large educational institutions to improve the quality of education and provide personalized learning experiences to students.
By Region
The region segment can be further segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to dominate the market during the forecast period. This is due to the early adoption of AI-powered education solutions in the region.
Personalized Learning:
One of the key factors driving the growth of the AI in education market is the increasing demand for personalized learning. AI-powered solutions can help educators to provide personalized learning experiences to students by tracking their progress, identifying their strengths and weaknesses, and providing them with customized content and assessments. This can help students to learn at their own pace and improve their learning outcomes.
Growing Adoption of Online Learning:
The growing adoption of online learning is another key factor driving the growth of the AI in education market. AI-powered solutions can help to enhance the online learning experience by providing students with interactive content, real-time feedback, and personalized support. This can help students to stay engaged and motivated in their studies.