The Global AI in Education Market is projected to reach a value of over USD 4.7 Billion by 2027 at a CAGR of around 45.9%.
Artificial intelligence (AI) refers to the branch of computer science which helps to create an intelligent machine to perform several tasks. AI helps to transform the educational platform by skilling students with fundamental IT skills. Moreover, the voice assistants which include Apple Siri, Google Home, Amazon Alexa, and Microsoft Cortana is introduced the features by which students can be able to directly interact with the education materials. With the help of AI, not only educational institute is developing its features but also technology and engineering are enhancing its growth which updates techniques.
Market Drivers:
Increasing demand for will helps to enhance the features and techniques which will lead to increase the market growth. It is expected that robots will use to improve the teaching by providing the growth in individualized learning and also by identifying the area of improvement. As well it can also help the teacher to get real-time information about the students and its performance. Moreover, these will also lead to improve student knowledge and enhance performance skills.
Hence, increasing the growth of artificial intelligence in robots for education facilities would lead to enhance the demand for market growth in the forecast period.
The adoption of an e-learning platform which helps the student to explore the topics in-depth and solve the complex problems efficiently, these features will lead to grow the market adoption. Also, it can benefit the users to upload their queries on the e-Learning services, where AI can help to identify and analyze the problems in the given interval of time. With the service of these courses, AI can also track the learners progress and can identify the area improvement.
Hence, the adoption of the e-Learning platform can also provide the different types of language according to the user preference which is also a key to boost the growth of the market in the forecast period.
Market Restraints:
As the technologies have to update its features regularly, the software and hardware also have to update its features. The up-gradation technique of the latest features requires a high cost to modernize the process and system. As well as there is also a high cost of investment is required for repair and maintenance. Moreover, the systems are expensive to develop and implement and the timeframe required for the development of these systems is large limiting their implementation in the real world.
Therefore, high-cost issues are one of the major restraining factors which may hinder the market growth in the forecast period.
The report on the AI in education market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Deployment Mode, Component, Education Model, Technology, Application, End-User, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
AI in Education Market, by Deployment Mode
AI in Education Market, by Component
AI in Education Market, by Models
AI in Education Market, by Technology
AI in Education Market, by Application
AI in Education Market, by End-User
AI in Education Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AI IN EDUCATION MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY