Global AI in Education
Market Report
2024
AI in Education Market size is USD 3.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 40.6% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global AI in Education Market size is USD 3.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 40.6% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global AI in Education Market Sales Revenue 2024 | $ 3.2 Billion |
Global AI in Education Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 40.6% |
Market Split by Component |
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Market Split by Deployment |
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Market Split by Technology |
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Market Split by Application |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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AI in Education Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
AI-enabled products and services in the education sector serve a number of functions, such as material delivery, skill evaluation, student integration, and adaptive instructional platforms, to improve learning for both students and educators. Artificial intelligence (AI) technologies such as deep learning, machine learning, and natural language processing (NLP) are increasingly being incorporated into training and education software to improve performance and learning experiences. Artificial intelligence (AI) technologies are being integrated into current educational paradigms to improve educational systems for better information transmission and evaluation. The introduction of AI into the education industry has greatly helped educational institutions by lowering costs, increasing administrative effectiveness, and improving IT security on campuses by detecting risks sooner and taking immediate action. The demand for Artificial Intelligence (AI) in education is being driven by factors such as increased business and public sector investments in AI and EdTech, as well as increased edutainment penetration. Additionally, technological advancements are increasing global need for AI in education. However, privacy, ethical, and access constraints, as well as equity concerns, impede market growth to some extent.
Increasing Number of Smartphone Users - The growing number of smartphone users is predicted to drive the expansion of artificial intelligence (Al) in the education business in the future. Smartphone users use a cellular phone that includes a computer and other functions not traditionally associated with phones, such as a web browser, an operating system, and the capacity to run software applications. Smartphone users benefit from personalized and flexible learning experiences that incorporate AI technology into educational applications and platforms. In addition, smartphones enable real-time interaction and engagement, allowing students to communicate seamlessly with Al-powered virtual assistants (tutors), and their widespread use broadens the reach and impact of Al in education, making high-quality and personalized learning more accessible to a larger population. According to the Ericsson Mobility Report 2022 from Ericsson, a Swedish networking and telecoms business, smartphone subscriptions were 6,420 million in 2022 and are expected to rise to 7,740 million by 2028. Increasing Adoption of Online Education
Data Safety and Security Issues Lack of awareness
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In November 2021, IBM Corporation announced the acquisition of SXiQ, an Australian-based digital transformation services firm focused on cloud platforms, cloud applications, and cloud cybersecurity. The acquisition is likely to expand IBM Consulting's capabilities in New Zealand and Australia in terms of modernizing technology infrastructure and cloud-based applications.
(Source: https://newsroom.ibm.com/2021-11-30-IBM-Acquires-Hybrid-Cloud-Consulting-Business-in-Australia)
Top Companies Market Share in AI in Education Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America led the market in 2023. Factors driving the market in the region include the presence of major firms that produce solutions and services, technology infrastructure facilities, and a large number of end users using educational gadgets for AI in education. For instance, in October 2021, IBM announced that it would provide 30 million people with new skills through more than 170 industry and academic partnerships by 2030, thereby helping to close the growing skills gap, democratise opportunity, and equip new generations of employees with the skills they need to build a better future.
Asia-Pacific is predicted to be the fastest-growing region over the projection period. The presence of market participants in the region contributes to the regional market's growth. Some of the region's tech titans and startups include Baidu, TechNode, Squirrel AI, BYJU'S, Noodle Factory PTE. Ltd., and Liulishuo. The primary factors driving market expansion include advancements in AI technology, increased government investment and expenditure, and new technology usage in the region's education sector.
The current report Scope analyzes AI in Education Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global AI in Education Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing AI in Education Industry growth. AI in Education market has been segmented with the help of its Component, Deployment Technology, and others. AI in Education market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the solutions sector had the highest revenue share in 2023 and is expected to maintain its dominance throughout the forecast period. The growing number of smartphone users, increased government involvement, advanced internet connectivity, and the adoption of digital payment options have all contributed significantly to the global growth of the online education/digital market, which is driving the solutions segment. In terms of components, the market is divided into solutions and services.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of AI in Education Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of AI in Education from 2019 to 2031. This will also help to analyze the demand for AI in Education across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Deployment of AI in Education are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global AI in Education Market is witnessing significant growth in the near future.
In 2023, the Solution segment accounted for noticeable share of global AI in Education Market and is projected to experience significant growth in the near future.
The Cloud segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM Corporation , Nuance Communications Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Solution, Service |
Deployment | Cloud, On-Premises |
Technology | Natural Language Processing (NLP), Machine Learning (ML) |
Application | Content Delivery Systems, Learning Platforms, Virtual Facilitators, Intelligent Tutoring Systems |
End Use | K-12 Education, Higher Education, Academic Research, Corporate Training |
List of Competitors | IBM Corporation, Microsoft Corporation, Nuance Communications Inc., Google LLC, Amazon Web Services Inc., Cognii Inc., Carnegie Learning Inc., Blackboard Inc., Jenzabar Inc., Pearson plc. |
This chapter will help you gain GLOBAL Market Analysis of AI in Education. Further deep in this chapter, you will be able to review Global AI in Education Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
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Chapter 11 Market Split by Deployment Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
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Chapter 14 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global AI in Education market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Solution have a significant impact on AI in Education market? |
What are the key factors affecting the Solution and Service of AI in Education Market? |
What is the CAGR/Growth Rate of Cloud during the forecast period? |
By type, which segment accounted for largest share of the global AI in Education Market? |
Which region is expected to dominate the global AI in Education Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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