Artificial intelligence in education comprises a combination of education tools and information technology. In addition, rising awareness regarding the advantages of AI-based education system coupled with the demand for enhancing equity and quality of education system is expected to give an edge to the players in the education system, providing several lucrative opportunities in the coming years. The adoption of AI tools like natural language processing, deep learning, etc. is also foreseen to provide the scope of growth for students and teachers, particularly in K12 education.
With the COVID-19 pandemic across the globe, AI is expected to bring a change in perspective in the methods of imparting quality education around the world and will guarantee an upgraded network among the students and teachers in the world. Furthermore, AI devices will help the students take online education from new colleges. Every one of these aspects will adorn the development of global Artificial Intelligence in education market in the coming decade. Aside from this, AI-driven education institutes give voice recognition online language education to undergrad students. Moreover, these associations give image recognition tools for adaptive learning and K12 online education that helps in image-based searches.
Besides, rising needs of the factors like data analysis, data privacy, virtual learning environment, and intelligent & adaptive education are estimated to fuel the overall market demand. Besides, AI in education helps in raising the capability of tutors because of the inculcation of tools based on AI, for example, text-to-speech translator in real-time and text interpretation frameworks. It will likewise lessen the admin assignment of the staff in the colleges and schools, both along with workers of other private and public educational institutes. This, in turn, will contribute to the development of global Artificial Intelligence in education market in the forecast period.
The global artificial intelligence in education market is widely segmented into technology, end-user, and region. In terms of technology, the market is classified into Natural Learning Process, Deep Learning, and Machine Learning. On the basis of end-user, the market is sectioned into corporate learning, K-12 education, and higher education.
Geography-wise, the global artificial intelligence in education market is anticipated to be dominated by the Asia Pacific in the forecast period. This is credited to the rapid digitization in the nations like India China, and Japan. Moreover, increased penetration of the internet and rising usages of smartphones, especially by millennials are all set to contribute to regional growth. Moreover, the governments of several nations are also supporting online classes along the emergence of startups in the developing nations are likely to uplift the demand in the aforementioned region.
Some of the leading players dominating the global artificial intelligence in education market include Google, Inc., Luilishuo, Knewton, Cognii, Microsoft Corporation, Sofia Labs, Brainly, PLEIQ, AWS, Nuance Communication, and IBM.
To cite, Edmentum, an online assessment, courses, and curriculum provider, in 2019, took over Calvert Education Services, which provides programs such as homeschool and other similar tools to help home learners. This take-over aims to help Edmentum teach more than 600,000 students around 90 nations using Calvert.
