Artificial Intelligence in Education Market Development Strategy, Future Plans and Market Growth with High CAGR by Forecast 2027 | COVID-19 Effects
Market Overview
Market Research Future (MRFR) expects the artificial intelligence (AI) in education market to be worth close to USD 2 billion by the year 2023. The market’s advancement rate is estimated to be 38% before 2023. We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
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Market Segmentation
Segment-wise, the AI in education industry has been considered for deployment, components, technology, as well as application.
The main deployment-based categories that the report provides are on-cloud and on-premise.
The market, depending on component, comprises software as well as services.
The prime technologies covered by MRFR analysts are natural learning process/NLP and machine learning.
The application areas of AI in education are virtual facilitators, intelligent tutoring systems, interactive websites, chatbots and content delivery systems.
COVID-19 Analysis
The adoption of the latest technologies has grown significantly following the outbreak of the novel coronavirus. The remote learning practice after the imposition of the lockdown has led to educators making extensive use of tools that are supported by artificial intelligence. However, the AI in education market can be challenged by the financial crunches induced by SARS-CoV-2. COVID-19 has also stopped education institutes from investing in these types of technologies. However, the surge in distance learning during the lockdown era can boost the need for digitized solutions powered by AI, which helps offer automated feedback to the students without the need for parents and teachers.
Technologies like artificial intelligence (AI) that provide real-time data have enhanced the communication between students and their teachers as well as parents. In these uncertain times, artificial Intelligence has complemented MOOC (massive open online courses), by allowing students and educators in remote locations to maintain online classes with no issues. AI chatbots are also becoming a major trend, especially post pandemic. For instance, the University of Murcia (Spain) has been focusing on building an AI-supported chatbots that can answer any query of the student regarding the campus or the study areas.
Significant Companies
Significant market vendors include Jellynote (France), Cognizant (US), DreamBox Learning (US), Jenzabar, Inc., (US), Google (US), Bridge-U (UK), Microsoft Corporation (US), Fishtree (US), Pearson (UK), Amazon.com, Inc., (US), IBM Corporation (US), and more.
Some more players who are also trying to get a better position in the global market are Blackboard, Inc., (US), Third Space Learning (UK), Knewton, Inc., (US), Quantum Adaptive Learning, LLC (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), to name a few.
Regional Overview
The geographical categorization of the AI in education market elucidates Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.
Experts project North America to observe the highest growth in the coming years, as the region is known for fast adoption of latest technologies like artificial intelligence, digital learning, machine learning, and more. North America remains the leader, in terms of technological advancements and innovations, which has been encouraged by the high spending on research and development activities in the tech world. The regional market also receives a boost from the escalating use of AI in intelligent tutoring system applications, for providing enhanced instructions to each individual student.
The artificial intelligence in education market can progress at the fastest rate in APAC, with massive support from fast developing countries like India, South Korea and China. Surge in digitalization, rising internet use along with the rising penetration rate of smartphones are some of the chief enablers of market growth in the region. Favorable government regulations along with increasing spending by public and private sectors to induce development of the education system also promote market expansion here. To cite a reference, Toppr (India) is an AI-based company that extensively deploys AI as well as ML to track the weak points and strong points of the learners with the use of learning records and speeds.
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https://www.marketresearchfuture.com/reports/artificial-intelligence-education-market-6365 Artificial Intelligence in Education Market Development Strategy, Future Plans and Market Growth with High CAGR by Forecast 2027 | COVID-19 Effects
Market Overview
Market Research Future (MRFR) expects the artificial intelligence (AI) in education market to be worth close to USD 2 billion by the year 2023. The market’s advancement rate is estimated to be 38% before 2023. We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
Get a Free Sample @
https://www.marketresearchfuture.com/sample_request/6365
Market Segmentation
Segment-wise, the AI in education industry has been considered for deployment, components, technology, as well as application.
The main deployment-based categories that the report provides are on-cloud and on-premise.
The market, depending on component, comprises software as well as services.
The prime technologies covered by MRFR analysts are natural learning process/NLP and machine learning.
The application areas of AI in education are virtual facilitators, intelligent tutoring systems, interactive websites, chatbots and content delivery systems.
COVID-19 Analysis
The adoption of the latest technologies has grown significantly following the outbreak of the novel coronavirus. The remote learning practice after the imposition of the lockdown has led to educators making extensive use of tools that are supported by artificial intelligence. However, the AI in education market can be challenged by the financial crunches induced by SARS-CoV-2. COVID-19 has also stopped education institutes from investing in these types of technologies. However, the surge in distance learning during the lockdown era can boost the need for digitized solutions powered by AI, which helps offer automated feedback to the students without the need for parents and teachers.
Technologies like artificial intelligence (AI) that provide real-time data have enhanced the communication between students and their teachers as well as parents. In these uncertain times, artificial Intelligence has complemented MOOC (massive open online courses), by allowing students and educators in remote locations to maintain online classes with no issues. AI chatbots are also becoming a major trend, especially post pandemic. For instance, the University of Murcia (Spain) has been focusing on building an AI-supported chatbots that can answer any query of the student regarding the campus or the study areas.
Significant Companies
Significant market vendors include Jellynote (France), Cognizant (US), DreamBox Learning (US), Jenzabar, Inc., (US), Google (US), Bridge-U (UK), Microsoft Corporation (US), Fishtree (US), Pearson (UK), Amazon.com, Inc., (US), IBM Corporation (US), and more.
Some more players who are also trying to get a better position in the global market are Blackboard, Inc., (US), Third Space Learning (UK), Knewton, Inc., (US), Quantum Adaptive Learning, LLC (US), Metacog, Inc., (US), Querium Corporation. (US), Century-Tech Ltd (UK), to name a few.
Regional Overview
The geographical categorization of the AI in education market elucidates Europe, North America, Asia Pacific/APAC, and RoW/the rest of the world.
Experts project North America to observe the highest growth in the coming years, as the region is known for fast adoption of latest technologies like artificial intelligence, digital learning, machine learning, and more. North America remains the leader, in terms of technological advancements and innovations, which has been encouraged by the high spending on research and development activities in the tech world. The regional market also receives a boost from the escalating use of AI in intelligent tutoring system applications, for providing enhanced instructions to each individual student.
The artificial intelligence in education market can progress at the fastest rate in APAC, with massive support from fast developing countries like India, South Korea and China. Surge in digitalization, rising internet use along with the rising penetration rate of smartphones are some of the chief enablers of market growth in the region. Favorable government regulations along with increasing spending by public and private sectors to induce development of the education system also promote market expansion here. To cite a reference, Toppr (India) is an AI-based company that extensively deploys AI as well as ML to track the weak points and strong points of the learners with the use of learning records and speeds.
Browse Complete Report @
https://www.marketresearchfuture.com/reports/artificial-intelligence-education-market-6365
