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Global Artificial Intelligence in Education Sector Market

Goldstein Research

Posted 15th March 2018.

According to Goldstein Research, global artificial intelligence (AI) in education sector market is expected to reach USD1.8 billion by the end of 2024, growing at a CAGR of 49.0% over the forecast period, 2016-2024. The technological advancement in a region towards digitization is driving the growth of AI in education sector, provided by smart technology products in the schools/college/universities.Global artificial intelligence in education sector market segmentation has been done on the basis of technology, AI educational models, services and geography. Inclination of educational institutes towards using advanced devices and other technology to create a change from traditional method of imparting knowledge to modernized methods. Government initiatives also has significant role in the adaptation of AI in education sector.Global artificial intelligence in education sector market is majorly dominated by Europe owing to the highest number of startups growing in this field. North America closely follows the Europe market share, by increasing the adaptation rate of AI in education system. Middle East region are analyzed to grow at fastest rate in adaptation of AI in education sector.
Market Segmentation
On the basis of our in-depth analysis, Global Artificial Intelligence in Education SectorMarket can be segmented as follows:
• By Technology
o Natural Language Processing
o Machine Learning
o Virtual Personal Assistant
o Querying Method
o Context Aware Processing
• By AI Educational Models
o Learner Model
o Pedagogical Model
o Domain Model
• By Services
o Installation
o Training
o Support and Maintenance
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Artificial Intelligence in Education Sector MarketOutlook 2024”contains detailed overview of the globalartificial intelligence in education sector market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product technology, AI education models and services.
Further, for the in-depth analysis, Global Artificial Intelligence in Education Sector Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asIBM, Cognizant, Nuance Communications, Quantum Adaptive Learning, ALEKS, Blackboard, Dream Box Learning, Jenzabar, Microsoft, Pearson, Knewton,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global artificial intelligence in education sector market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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