The Business Research Company’s AI In Education Global Market Report 2023is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2023-2032. The AI In Education Global Market Report 2023evaluates ai in education market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global artificial intelligence (AI) in education market is expected to grow from $2.85 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 39.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) in education market is expected to reach $15 billion in 2027 at a CAGR of 39.3%.
The rising number of smartphone users is expected to propel the growth of artificial intelligence (AI) in education market going forward. Smartphone users utilize a cellular phone that contains a computer and other features previously not related to phones, including a web browser, an operating system, and the ability to run software programs. Smartphone users benefit from tailored and adaptable learning experiences incorporating AI technology into educational applications and platforms. Additionally, smartphones enable real-time interaction and engagement, allowing students to communicate seamlessly with AI-powered virtual assistants (tutors), and their widespread adoption expands the reach and impact of AI in education, making high-quality and personalized learning more accessible to a larger population. For Instance, according to the Ericsson Mobility Report 2022 from Ericsson, a Sweden-based networking and telecommunications company, smartphone subscriptions were 6,420 million in 2022 and are predicted to reach 7,740 million subscriptions by 2028. Therefore, the rising number of smartphone users will drive AI in education market.
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The ai in education market segments in the report are:
1) By Component: Solutions, Services
2) By Technology: Natural Language Processing (NLP), Machine Learning
3) By Deployment: Cloud, On-Premises
4) By Application: Learning Platform And Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud And Risk Management, Other Applications
5) By End-User: K-12 Education, Higher Education, Corporate Training And Learning
Top Major Players:
Alphabet Inc
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Cognizant Technology Solutions Corporation
North America was the largest region in the artificial intelligence (AI) in education market in 2022.
The table of contents in TBRC’s ai in education market report includes:
1. Executive Summary
2. AI In Education Market Characteristics
3. AI In Education Market Trends And Strategies
4. AI In Education Market – Macro Economic Scenario
5. Global AI In Education Market Drivers and Restraints
……………………………………………………………………
32. Global AI In Education Market Competitive Benchmarking
33. Global AI In Education Market Competitive Dashboard
34. Key Mergers And Acquisitions In The AI In Education Market
35. AI In Education Market Future Outlook and Potential Analysis
36. Appendix
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