According to a P&S Intelligence report, in 2019, the global AI in education market reached $1.1 billion and is predicted to generate $25.7 billion in 2030, advancing at a 32.9% CAGR during the forecast period (2020–2030). The two components in the domain are service and solution, between which, the larger demand was created for AI solutions during 2014–2019. Hardware and software tools & platforms are the two major AI in education solutions.

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A key driving factor for the industry is the increasing demand for personalized education based on AI. Personalized learning solutions aid in better understanding of the students, including their academic goals, interests, and educational background, which further helps in creating a customized educational experience. Students can design courses as per their requirement and also obtain feedback related to their progress throughout their course.

Globally, the integration of AI in education was recorded to be the highest in North America in 2019, and this trend is expected to continue during the coming years. The main factors responsible for this are the highly developed educational infrastructure, increasing usage of tablets, smartphones, and laptops for learning purposes, mushrooming investments in AI and EdTech technologies, surging focus on lessening the burden of administrative tasks on teachers, and presence of major educational organizations and institutes in the region.

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Out of all the regions, North America made the most use of AI in education solutions during 2014–2019 and is further expected to create the largest demand for these solutions in the coming years as well. This is because of the highly developed educational infrastructure, increasing need for intelligent educational solutions for improving student engagement, growing need for personalized learning in classrooms, rising focus on decreasing the burden on teachers, and increasing spending on EdTech, which drives the AI in education market of the U.S.¸ and ultimately the region. ​​​

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