Artificial Intelligence in Education Market is driven by the combination of the advanced technologies and intelligent machine learning algorithms into online learning platforms
Sellbyville, United States - July 19, 2019 /MarketersMedia/ —
The size of artificial intelligence in education market is forecast to value at around USD 6 billion by 2024. The advanced online technologies and digital education have changed the way the education sector used to work. The online technologies, such as AI and analytics, have enhanced teachers’ and students’ experiences and improved their knowledge.
The use of cloud-based services drives artificial intelligence in education market. It is widely used by facilitators, educators, trainers, and students from educational organizations to enhance their productivity and the overall learning experience. The optimum utilization of cloud services minimizes the cost of ownership and enables institutes to invest it for the maintenance and support of the infrastructure to offer high-quality services.
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Artificial intelligence in education market is driven by the combination of the advanced technologies and intelligent machine learning algorithms into online learning platforms. The availability of innovative educational models and technologies, such as software platforms and AI, has changed the role of students and educators. It has shifted the teaching methods and transformed conventional classrooms into smart classrooms.
In 2017, the learner model was observed to hold around 60% share in the market. The growth of the artificial intelligence in education market is credited to the development of more student-centric learning models. It provides data such as the student’s previous failures, emotional status, overall achievements, and engagement abilities in the studying process. Furthermore, it also enables the interaction between the learner and the learning platform that assist pedagogy and domain models to analyze the students’ overall progress.
The use of the adaptive learning technology by the market vendors to create student-focused learning platforms is the main factor for the growth of artificial intelligence in education market. The technology is used for developing digital programming and modifying it as per the learners’ requirements to track their progress.
The on-premise deployment models held a market revenue of above 80% in 2017. The deployment model offers a functionality and higher data protection. However, a huge capital requirement and the need to minimize the operating costs are some of the major factors restraining the demand for this model. The artificial intelligence in education market in cloud deployment model is expected to grow at a CAGR of around 50% over the forecast timeline. The familiarity of the outcome-based lease system is fueling the demand for the deployment of a cloud-based model. Furthermore, it offers benefits such as flexibility, small capital expenses, and scalability that create a demand in the artificial intelligence in education market.
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North America is leading the market and accounts for more than 60% of the share. The artificial intelligence in education market growth is due to an early implementation of the AI technology by educational institutes and developments in the infrastructure. The high seed capital investments in AI and EdTech field increase the market growth. The presence of leading market players such as Google, AWS, IBM, Microsoft, blackboard, and Pearson also fosters the demand for artificial intelligence in education market.
Artificial intelligence in education market is very competitive due to multinational companies and start-ups. Google, Microsoft, AWS, IBM, Nuance Communication, Knewton, Cognii, Luilishuo, PLEIQ, Sofia Labs, and Brainly are the leading market players. Merger & acquisitions are the major strategies used by the players to gain inorganic growth and acquire technical expertise and patents. For instance, in October 2016, Blackboard acquired Fronteer Ltd. to strengthen its position in the artificial intelligence in education market.
Browse key industry insights spread across 270 pages with 258 market data tables & 44 figures & charts from the report, “Artificial Intelligence in Education Market Size By Model, By Deployment (On-Premise, Cloud), By Technology, By Application (Learning Platform & Virtual Facilitators, Intelligent Tutoring System (ITS), Smart Content, Fraud & Risk Management), By End-Use, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-education-market
Table of Contents (ToC) of the report:
Chapter 2. Executive Summary
2.1. AI in Education industry 360º synopsis, 2013 - 2024
2.1.1. Regional trends
2.1.2. Model trends
2.1.3. Deployment trends
2.1.4. Technology trends
2.1.5. Application trends
2.1.6. End-Use trends
Chapter 6. AI Market, By Deployment
6.1. Key trends, by deployment
6.2. On-premise
6.2.1. Market estimates and forecast, 2013 - 2024
6.2.2. Market estimates and forecast, by region, 2013 – 2024
6.3. Cloud
6.3.1. Market estimates and forecast, 2013 - 2024
6.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 7. AI in Education Market, By Technology
7.1. Key trends, by technology
7.2. Machine learning
7.2.1. Market estimates and forecast, 2013 - 2024
7.2.2. Market estimates and forecast, by region, 2013 – 2024
7.3. Natural language processing (NLP)
7.3.1. Market estimates and forecast, 2013 - 2024
7.3.2. Market estimates and forecast, by region, 2013 – 2024
7.4. Deep learning
7.4.1. Market estimates and forecast, 2013 - 2024
7.4.2. Market estimates and forecast, by region, 2013 – 2024
7.5. Others
7.5.1. Market estimates and forecast, 2013 - 2024
7.5.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/artificial-intelligence-ai-in-education-market
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