Information and Communication Technology AI in Education market is projected to grow up to 40.2% CAGR during the forecasting period...

AI in Education market is projected to grow up to 40.2% CAGR during the forecasting period 2021-2027.

Artificial intelligence (AI) is a field of science that develops and studies technologies that are designed to stimulate human intellect processes. The major benefit of AI is that it can be trained to do a wide range of activities, allowing for a more customised approach to teaching. It's a universal solution for learners and educators to obtain a collection of tools suited to their individual needs.

AI may improve efficiency, customization, and administrative duties, giving instructors more time and flexibility to focus on understanding and adaptability—human qualities that robots lack. The aim for AI in education is for them to work together for the greatest outcome for kids by harnessing the finest qualities of machines and instructors. Customizing curricula to meet the needs of each student is not feasible now, but it will be for AI-powered robots in the future. Artificial intelligence techniques can assist in making global classrooms accessible to everybody, including individuals who speak different language or have vision or hearing problems. As AI automates administrative duties, instructors have more time to spend with each pupil. AI has a lot of potential for making enrolling and admissions procedures more efficient. Many more AI uses for education are in the works, including AI mentors for students, smart content production, and a new form of personal growth for instructors through virtual worldwide conferences.  

The ease of usage as well as the cost of such resources may be determined by their accessibility. The expense of installation, maintenance, and training is understandably a financial hardship for most institutions throughout the world. On the other side, there is a resistance to change, with most individuals preferring to stick to tried-and-true learning methods over adopting artificial intelligence-based learning solutions. Several prominent businesses in the industry have been partnering with schools, educational material producers, colleges, and online training platforms in the last few years to improve the affordability and quality of education for everybody.

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Key Driving Factors: Personalized Learning Made Possible With AI.

The emphasis on digitalization and e-learning is quickly growing in order to improve the quality of education available. As a result, the notion of conversational learning is becoming an increasingly significant part of education across the world. The sector is expected to increase as demand for interactive learning solutions to improve the learning experience grows. It assists students in enhancing their learning habits and provides individualised coaching and high-quality education by assessing their prior knowledge and learning. The rising need for AI-based individualised education Personalized learning solutions aid in a better knowledge of students' academic goals, interests, and educational backgrounds, allowing for a more personalised educational experience. Students may create courses that meet their needs and receive feedback on their progress during the course.

This report offers the major market player’s profiles, such as Amazon Web Services, Inc., Blackboard Inc., Blippar, Century Tech Limited, Cerevrum Inc., Cognii Inc., Google Inc., Microsoft Corporation, Nuance Communication Inc., IBM Corporation., and others. 

Opportunities: AI applications support Produce Smart Content.

Artificial cognitive technology based on intelligence has proven to be the most advantageous for education and teaching — an instrument for decision supporting AI applications. Artificial intelligence systems are far faster than instructors at analysing assignments, providing tips, and providing comments to students. With AI-based education systems, the learning environment adapts to the demands of students by focusing more on certain subjects and offering ample reading materials in areas where they may be suffering. Artificial intelligence systems are the way to go for pupils who are not ready to present to a whole class. Digital learning interfaces, digital textbooks, study aids, bite-sized courses, and much more may all be created with AI. AI assists in the generation and updating of lesson content, ensuring that the knowledge is current and tailored to different learning curves. It can also develop new means of interpreting data, such as visualisation, simulation, and web-based study settings, among other things. 

Based on Application:

Intelligent tutoring systems, material delivery systems, virtual facilitators, and learning platforms are some of the several uses of artificial intelligence in education. Other uses include chatbots and interactive webpages, to name a couple. Students and working professionals increasingly prefer distance and online education courses as a result of an increasing focus on integrating next-generation technologies into the education sector, as well as an increasing trend toward self-learning through online platforms. Applications involving intelligent tutoring systems are expected to have the greatest increase in demand.

The Global AI in Education Market report has been categorized as below

By Component

  • Solution

  • Service

By Technology

  • Machine Learning

  • Deep Learning

  • Natural Language Processing (NLP)

By Application

  • Learning Platform & Virtual Facilitators

  • Intelligent Tutoring System (ITS)

  • Smart Content

  • Fraud & Risk Management

By Deployment

  • On-Premise

  • Cloud

By End-User

  • Higher Education

  • K-12 Education

  • Corporate Learning

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World

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Published Date : July-2021