Increasing demand for real-time learning progress monitoring and analytics solutions and growing demand for AI technology to simplify administrative processes
VANCOUVER, BC, CANADA, March 18, 2022 /EINPresswire.com/ — The study carries out a historical assessment of the Artificial intelligence in education from 2021 to 2027, focusing on the market trends, revenue share, growth rate, production capacity, price structure and other important aspects during the period. The report emphasizes the demands and ongoing trends of the global Artificial Intelligence in Education Market, more importantly, in the major regions of the market. Additionally, our analysts have included Porter’s SWOT analysis and Five Forces Analysis in the report to provide a better understanding of the competitive spectrum of this ever-evolving industry. In addition, the report throws light on the market players’ cutting-edge expansion strategies, such as mergers and acquisitions, joint ventures, partnerships and collaborations, new product launches, and brand promotion.
Increasing demand for real-time learning progress monitoring and analytics solutions is a major factor driving the growth of the global artificial intelligence in education market and it is expected to keep growing exponentially during the forecast period. The growing demand for artificial intelligence (AI) technologies to simplify administrative processes in institutions is expected to further drive the global growth of the artificial intelligence in education market during the forecast period. Rising venture capital funding in EdTech companies is also expected to fuel the growth of the global market for artificial intelligence in education in the next few years.
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The global artificial intelligence in education market consists of various segments including product type outlook, application spectrum, end-user overview, leading regions and competitive analysis. The report also provides information on the value chain, emerging market sectors and technological advancements in the industry, which benefit readers and companies looking to invest in this industry.
Major Market Competitors Featured in the Report:
Google LLC, Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, Cognizant Technology Solutions Corp, Pearson PLC, Nuance Communications Inc., Blackboard Inc., Carnegie Learning, Inc. and Cognii, Inc.
Key highlights from the report:
Increasing implementation of on-premises artificial intelligence solutions in universities and colleges to minimize cyber-attacks and information theft is currently driving the revenue growth of on-premises segment, which is expected to register a significantly high CAGR of 43.8% during the forecast period.
In terms of market share, the natural language processing segment is expected to contribute significantly to the global artificial intelligence in education market during the forecast period owing to the increasing application of natural language processing technology to minimize the communication gap between computers and humans.
In terms of revenue, the virtual learning environments segment is projected to account for a high revenue share of the global artificial intelligence in education market during the forecast period, owing to the increasing adoption of AI to enhance the online learning experience in higher education.
Significant driving forces shaping the future of the Artificial Intelligence in Education Market for the forecast period 2021 – 2028 get special mention in the study and are underpinned by real-time statistics. Thorough segmentation of the industry by type, application, classification and geography acts as a nudge to increase sales and improve business prospects alongside the barriers that often limit the growth of the industry. Additionally, market segmentation on the basis of consumption volume, customer preference, end user and production capacity is explained through key resources including but not limited to charts, graphs and tables.
Emergen Research has segmented the global Education Artificial Intelligence market based on deployment, technology, application, end-use, and region.
Deployment Outlook (Revenue, $Bn; 2020-2027)
On the premises
Technology Outlook (Revenue, $Bn; 2020-2027)
Natural Language Processing
Application Outlook (Revenue, $Bn; 2020-2027)
Virtual Learning Environment
Intelligent tutoring systems
End Use Outlook (Revenue, $Bn; 2020-2027)
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Key Coverage of Artificial Intelligence in Education Market:
Insightful information on the global Artificial Intelligence in Education market
Identifying the growth in different segments and sub-segments of the Artificial Intelligence in Education Market
Strategic recommendations for investment opportunities
The report includes key industry statistics, products, applications, price analysis, supply and demand, and production and consumption rates
Emerging trends and current market segment analysis to help investors formulate new business strategies
Speeds up the decision-making process with the availability of drivers and restrictions
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The global Artificial Intelligence in Education Market report evaluates the latest economic scenario in terms of value and volume. It highlights key growth drivers, restraints, production capacity, demand and supply ratio, import/export status, growth rate and other critical aspects. In addition, the report also conducts SWOT analysis, Porter’s five forces analysis, speculation attainability study, and risk return study.
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