Artificial Intelligence (AI) in Education Market Size [2031]

Report Description

The artificial intelligence (AI) in education market size was valued at USD 3.10 Billion in 2022 and is expected to reach USD 69.61 Billion by 2031 at a CAGR of 41.3% during the forecast period 2023-2031. The theory and development of computer systems capable of doing repetitive tasks which need human intelligence is referred to as artificial intelligence (AI).

AI-enabled solutions and services perform a variety of activities, including knowledge delivery, performance-based grading, and grouping of students, and intelligent tutorial systems to improve students' and teachers' learning experiences. Deep learning, machine learning, and natural language processing are AI technologies that are being applied to education and training software to increase performance and learning experience.

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To improve educational systems for better knowledge delivery and assessment, AI technologies are deployed in accordance with educational models such as the learner model, pedagogical model, and domain model.

Artificial Intelligence (Ai) in Education Market Trends, Drivers, Restraints, and Opportunities

• Adoption of AI-powered educational games is increasing, as is the trend of AI services delivered via mobile devices, the deployment of a collaborative learning model, and the facilitation of improved course design activities, is estimated to create immense opportunities for the market players.

• Growing popularity of wearable e-learning gadgets, as well as developments in education-related cloud-based gamification and virtual reality, is estimated to drive the market.

• Growing preference for online and distance education courses among working professionals and students, is projected to propel the market.

• Factors such as increasing venture capital investment in AI and education technology, into the learning process, increasing collaboration with educational content providers, and growing usage of cloud-based services are expected to boost the market.

• Data safety and security issues, ITS limitations, and a lack of experienced personnel are anticipated to hinder the market growth.

• Growing demand for AI technology to improve education systems is estimated to create immense opportunities for the key players in the market.

Scope of Artificial Intelligence (Ai) in Education Market Report

The report on artificial intelligence (AI) in the education market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Artificial Intelligence (AI) in Education Market Segment Insights

The natural language processing segment is expected to increase at a high CAGR.

Based on technology, the market is segregated into deep learning, machine learning, and natural language processing. The natural language processing segment is expected to increase at a high CAGR owing to expanding demand for virtual support in K-12 online education, as well as rising educational institute investments in advanced technology.

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The virtual facilitators & learning environments segment is expected to grow at a rapid pace.

In terms of applications, the market is fragmented into virtual facilitators & learning environments, intelligent tutoring systems, content delivery systems, fraud and risk management, student-initiated learning, and others. The other segment is further segregated into education data management, job recommendation, and training & development. The virtual facilitators & learning environment segment is expected to grow at a rapid pace.

Knowledge delivery, academic mapping and planning for students, student participation & administration, and real-time communication and collaboration are features of VLEs. The AI-powered virtual facilitator serves as an instructor's assistant, a student mentor, and a multilingual translator. Individual's learning requirements for independent educational programmes and home-based education are met by these AI-enabled facilitators and surroundings.

Furthermore, virtual environments allow students to handle complex real-time social problems by combining several disciplines and social development principles. Virtual facilitators and learning environments syndicate simulation, games, and AI technologies to inspire students and expand their learning experience.

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The services segment is expected to expand at a robust CAGR.

On the basis of components, the market is segmented into solutions and services. The solutions segment is sub-segmented into software tools and platforms. The services segment is further segregated into professional and managed services, the services segment is projected to expand at a robust CAGR during the forecast period. Demand for AI-enabled solutions and services in educational organisations have surged as a result of better government funding and technical improvements.

The higher education segment is expected to grow at a rapid pace.

On the basis of end-users, the market is segregated into educational institutes, educational publishers, and others. The others segment is further segregated into massive open online courses (MOOCs), virtual learning environments (VLEs), computer-based tests, adaptive learning, and immersive learning. The higher education segment is expected to grow rapid pace during forecast period. Colleges and universities can provide personalised experiences for students by automating different administrative operations during admissions.

Europe is anticipated to hold a major market share of more than 15% during the forecast period.

In terms of regions, the market is classified as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Europe is expected to dominate the market. Higher education accounts for around half of the AI in the education market in Europe, owing to increased demand for skilled workforce to deploy AI across various educational institutes and sectors.

Higher education institutions are turning to artificial intelligence to help them with course recommendations, administrative assistance, and career path alternatives for students. Advantages it provides to kids include personalised learning and the availability of smart classrooms, which deliver superior education.

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