Global Artificial Intelligence (AI) in Education Sector Market: Demand, Forecast 2016-2024


Posted March 26, 2018 by Steveblade

Artificial intelligence deals with the study and development of intelligence of machines and software.

 
According to Goldstein Research, global artificial intelligence in education sector market is expected to reach USD 1.8 billion by 2024, growing at a CAGR of 49.0% over the forecast period 2016-2024. Growing number of universities, educational institutions and trend of online education platforms to shift towards smart technology products and services to modernize conventional education methods is providing smooth pavement for the growth of AI market in education sector. Artificial intelligence in education sector market segmentation has been carried out on the basis of technology type, AI-based educational models and services. By AI education model, learner model dominated the AI in education sector market with more than 58% in 2016 of the total market share.

Global artificial intelligence in education sector market is dominated by Europe and is expected to dominate the market during the forecast period owing to the growing number of startups in this field. North America region is expected to adopt AI technology in education sector at much lower rate compared to Europe. Middle East region accounted for the highest expenditures over education sector to provide innovative and advanced technological methodologies for education.

Market Segmentation
On the basis of our in-depth analysis, Global Artificial Intelligence in Education Sector Market can be segmented as follows:

• By Technology

o Natural Language Processing
o Machine Learning
o Virtual Personal Assistant
o Querying Method
o Context Aware Processing

• By AI Educational Models

o Learner Model
o Pedagogical Model
o Domain Model

• By Services

o Installation
o Training
o Support and Maintenance

• By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Artificial Intelligence in Education Sector Market Outlook 2024” contains detailed overview of the global artificial intelligence in education sector market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology type, by AI based educational models and by services.

Further, for the in-depth analysis, Global Artificial Intelligence in Education Sector Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM Corp, Cognizant, Nuance Communications, Quantum Adaptive Learning, ALEKS, Blackboard, Dream Box Learning, Jenzabar, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global artificial intelligence in education sector market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/artificial-intelligence-in-education-sector-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on advanced future technologies reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Last Updated March 27, 2018