SAN FRANCISCO, July 5, 2022 /PRNewswire/ -- The global AI in education market size is expected to reach USD 32.27 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 36.0% from 2022 to 2030. Digitalization and technological advancement are innovating industrial sectors such as healthcare, manufacturing, education, and banking and finance. The education sector is no exception when it comes to the impact of AI integration on growth. Rapid implementation of innovative technologies such as AI in education is developing the teaching and learning experiences.
Key Industry Insights & Findings from the report:
- On the basis of component, the solutions segment held the largest revenue share in 2021 and is expected to retain its lead during the forecast period. The services segment is anticipated to expand at a CAGR of 37.1% during the projection period.
- By deployment, the cloud segment held the largest revenue share in 2021 and is projected to maintain its lead in the forecast period. The growth of the cloud segment is attributed to the rise in the acceptance of cloud services by schools, institutions, and corporates due to the low cost of deployment. The on-premises segment is anticipated to expand at a CAGR of 34.7% during the assessment period.
- Based on technology, the machine learning segment dominated the market in terms of revenue in 2021 and is projected to maintain its lead during the forecast period. The natural language processing (NLP) segment is likely to register a lucrative CAGR of 36.6% during these years. The growth of the NLP segment can be attributed to the increasing demand for virtual learning by schools and universities, coupled with the rising investment in technological development by educational institutes.
- In terms of application, the learning platform and virtual facilitators held the largest revenue share in 2021. The smart content segment is likely to register the fastest CAGR of 37.8% during the forecast period. The growth of the smart content segment can be mainly attributed to the increasing adoption of virtual learning platforms by many educational platforms.
- By end-use, the higher education segment dominated the market in 2021. The K-12 education segment is likely to register a CAGR of 34.9% during the projection period.
- North America captured the largest revenue share in 2021 and is expected to retain its position during the forecast period. This can be attributed to the existence of a large number of market players and high spending by people on virtual learning for K-12 schools in the region.
- Asia Pacific is expected to expand at the highest CAGR of 38.7% during the assessment period. The market growth in this region is primarily due to the increasing investment by the governments as well as private organizations to support and bring AI advanced technology usage across the region.
Read 100-page full market research report, "AI In Education Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment, By Technology, By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
AI In Education Market Growth & Trends
The COVID-19 pandemic severely impacted industries across the world. However, the market for AI in education witnessed a significant rise in the demand for innovative AI-based education solutions during the pandemic. Advancements such as chatbots and virtual facilitators make it reliable for the company to provide solutions and services to the students, teachers, and tutors. In July 2021, Intel Corporation, a leading technology-based company, collaborated with the Central Board of Secondary Education (CBSE) in India to launch an AI-based learning platform named AI Students Community (AISC). The collaboration is to integrate students from both non-CBSE and CBSE schools to learn from Intel's AI-certified experts.
AI In Education Market Segmentation
Grand View Research has segmented the global AI in education market based on component, deployment, technology, application, end-use, and region:
AI In Education Market - Component Outlook (Revenue, USD Million, 2017 - 2030)
- Solutions
- Services
AI In Education Market - Deployment Outlook (Revenue, USD Million, 2017 - 2030)
- Cloud
- On-premises
AI In Education Market - Technology Outlook (Revenue, USD Million, 2017 - 2030)
- Natural Language Processing (NLP)
- Machine Learning
AI In Education Market - Application Outlook (Revenue, USD Million, 2017 - 2030)
- Learning Platform & Virtual Facilitators
- Intelligent Tutoring System (ITS)
- Smart content
- Fraud and Risk Management
- Others
AI In Education Market - End-use Outlook (Revenue, USD Million, 2017 - 2030)
- K-12 Education
- Higher Education
- Corporate Training & Learning
AI In Education Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
List of Key Players in the AI In Education Market
- Amazon Web Services, Inc.
- IBM Corporation
- Microsoft Corporation
- Cognizant
- Google LLC
- Pearson Plc
- BridgeU
- DreamBox Learning, Inc.
- Carnegie Learning, Inc.
- Nuance Communications, Inc.
- Blackboard Inc
Check out more related studies published by Grand View Research:
- Smart Education And Learning Market - The global smart education and learning market size is expected to reach USD 680.1 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 17.9% from 2020 to 2027. Demand for smart education and learning solutions is increasing among the growing population in corporate and academic sectors, owing to benefits such as improved education quality and easy access to educational content.
- Digital Education Market- The global digital education market size is expected to reach USD 77.23 billion by 2028. The market is anticipated to register a CAGR of 30.5% from 2021 to 2028. The education industry has witnessed a paradigm shift from conventional exam-oriented learning to personalized and interactive learning in recent years.
- Education Technology Market- The global education technology market size is expected to reach USD 429.5 billion by 2030, expanding at a CAGR of 16.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to massive open online courses (MOOCs), the education technology (EdTech) industry is transforming rapidly, thereby leading to an influx of massive investments worldwide.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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