Global AI in education Market is valued approximately at USD 2.5 billion in 2022 and is anticipated to grow with a growth rate of more than 1.5% over the forecast period 2023-2030. AI (Artificial Intelligence) is revolutionizing the field of education by introducing innovative technologies and tools that enhance the learning experience. AI in education refers to the integration of intelligent systems and algorithms to support various educational processes, from personalized learning to administrative tasks. One significant application of AI in education is personalized learning. AI algorithms can analyze student data, such as performance, learning styles and preferences to tailor educational content and provide personalized recommendations. This approach helps students learn at their own pace, address their individual needs, and improve their overall learning outcomes. Increasing use of Artificial Intelligence (AI) and growing EdTech Industry emerge as market elevators during the forecast period.
According to the India Brand Equity Foundation (IBEF) in 2021, the valuation of the EdTech industry in India stood at USD 750 million in 2020, and it is expected to witness significant growth, reaching approximately USD 4 billion by 2025, with a compound annual growth rate (CAGR) of 39.77%. This growth is primarily fueled by the increasing demand for non-academic courses in tier II and III cities and the growing need for personalized learning experiences in the EdTech sector. Approximately USD 1.5 billion from the estimated market value of USD 4 billion is expected to be allocated to K-12 education, encompassing after-school foundational and pre-preparational courses within the AI in education market. According to Statista in 2023, the expected revenue for the global artificial intelligence market in 2022 was estimated to be USD 433 billion. The market is anticipated to experience rapid expansion and in forecast period it is expected to surpass the milestone of approximately USD 500 billion by 2023. However, legal and regulatory framework and complex implementation with the existing systems may hamper the growth of Global AI in Education Market. However, global reach and scalability and skill development & future workforce readiness are potential market growth opportunities.
The key regions considered for the Global AI in education Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market with largest market share because of the existence of the major market players. The region has witnessed a high rate of technological advancement in almost every industry specially in Education and continuously adopting advanced technology integration with the existing systems. Asia Pacific emerges as to be the fastest growing region owing to factors such as emerging market for the advanced education technology & system and inclination towards higher education with a massive demand as the region witnessed 1/3rd of the world's population.
Major market player included in this report are:
- Amazon Web Services, Inc.
- International Business Machines (IBM) Corporation
- Microsoft Corporation
- Cognizant Technology Solutions Corp.
- Google LLC
- Pearson Plc
- DreamBox Learning, Inc.
- Carnegie Learning, Inc.
- Nuance Communications, Inc.
- Blackboard Inc.
Recent Developments in the Market:
- In October 2022, Zamit India Pvt. Ltd., an educational technology company, announced its plans to introduce a range of AI-powered products in line with the National Education Policy (NEP) 2020. With a focus on growth, the company intends to target eight million new users over the next three years by introducing innovative offerings such as ZQ, ZPD, GETs, and other distinct products and services.
- In October 2022, Schoolnet India Limited, an ed-tech company, and vernacular ed-tech platform GUVI Geek Networks Limited entered into a Memorandum of Understanding (MoU) with the objective of providing coding skills to students who enroll on Geneo, Schoolnet's flagship product. This collaboration aims to offer Schoolnet learners, access to advanced technology and programming education, enabling them to explore new opportunities in the field.
Global AI in education Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Deployment, Technology, Application, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
By Deployment:
By Technology:
- Natural Language Processing (NLP)
- Machine Learning
By Application:
- Learning Platform & Virtual Facilitators
- Intelligent Tutoring System (ITS)
- Smart content
- Fraud and Risk Management
- Others
By End User:
- K-12 Education
- Higher Education
- Corporate Training & Learning
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. AI in Education Market, by region, 2020-2030 (USD Billion)
- 1.2.2. AI in Education Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. AI in Education Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.4. AI in Education Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. AI in Education Market, by Application, 2020-2030 (USD Billion)
- 1.2.6. AI in Education Market, by End User, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global AI in Education Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global AI in Education Market Dynamics
- 3.1. AI in Education Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Use of Artificial Intelligence (AI)
- 3.1.1.2. Growing EdTech Industry
- 3.1.2. Market Challenges
- 3.1.2.1. Legal & Regulatory Framework
- 3.1.2.2. Complex implementation with Existing Systems
- 3.1.3. Market Opportunities
- 3.1.3.1. Global Reach & Scalability
- 3.1.3.2. Skill Development & Future Readiness
Chapter 4. Global AI in Education Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global AI in Education Market, by Component
- 5.1. Market Snapshot
- 5.2. Global AI in Education Market by Component, Performance - Potential Analysis
- 5.3. Global AI in Education Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. AI in Education Market, Sub Segment Analysis
- 5.4.1. Solutions
- 5.4.2. Services
Chapter 6. Global AI in Education Market, by Deployment
- 6.1. Market Snapshot
- 6.2. Global AI in Education Market by Deployment, Performance - Potential Analysis
- 6.3. Global AI in Education Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
- 6.4. AI in Education Market, Sub Segment Analysis
- 6.4.1. Cloud
- 6.4.2. On-premises
Chapter 7. Global AI in Education Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global AI in Education Market by Technology, Performance - Potential Analysis
- 7.3. Global AI in Education Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 7.4. AI in Education Market, Sub Segment Analysis
- 7.4.1. Natural Language Processing (NLP)
- 7.4.2. Machine Learning
Chapter 8. Global AI in Education Market, by Application
- 8.1. Market Snapshot
- 8.2. Global AI in Education Market by Application, Performance - Potential Analysis
- 8.3. Global AI in Education Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. AI in Education Market, Sub Segment Analysis
- 8.4.1. Learning Platform & Virtual Facilitators
- 8.4.2. Intelligent Tutoring System (ITS)
- 8.4.3. Smart content
- 8.4.4. Fraud and Risk Management
- 8.4.5. Others
Chapter 9. Global AI in Education Market, by End User
- 9.1. Market Snapshot
- 9.2. Global AI in Education Market by End User, Performance - Potential Analysis
- 9.3. Global AI in Education Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 9.4. AI in Education Market, Sub Segment Analysis
- 9.4.1. K-12 Education
- 9.4.2. Higher Education
- 9.4.3. Corporate Training & Learning
Chapter 10. Global AI in Education Market, Regional Analysis
- 10.1. Top Leading Countries
- 10.2. Top Emerging Countries
- 10.3. AI in Education Market, Regional Market Snapshot
- 10.4. North America AI in Education Market
- 10.4.1. U.S. AI in Education Market
- 10.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 10.4.1.2. Deployment breakdown estimates & forecasts, 2020-2030
- 10.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
- 10.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 10.4.1.5. End User breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada AI in Education Market
- 10.5. Europe AI in Education Market Snapshot
- 10.5.1. U.K. AI in Education Market
- 10.5.2. Germany AI in Education Market
- 10.5.3. France AI in Education Market
- 10.5.4. Spain AI in Education Market
- 10.5.5. Italy AI in Education Market
- 10.5.6. Rest of Europe AI in Education Market
- 10.6. Asia-Pacific AI in Education Market Snapshot
- 10.6.1. China AI in Education Market
- 10.6.2. India AI in Education Market
- 10.6.3. Japan AI in Education Market
- 10.6.4. Australia AI in Education Market
- 10.6.5. South Korea AI in Education Market
- 10.6.6. Rest of Asia Pacific AI in Education Market
- 10.7. Latin America AI in Education Market Snapshot
- 10.7.1. Brazil AI in Education Market
- 10.7.2. Mexico AI in Education Market
- 10.8. Middle East & Africa AI in Education Market
- 10.8.1. Saudi Arabia AI in Education Market
- 10.8.2. South Africa AI in Education Market
- 10.8.3. Rest of Middle East & Africa AI in Education Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Amazon Web Services, Inc.
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Recent Developments
- 11.3.2. International Business Machines (IBM) Corporation
- 11.3.3. Microsoft Corporation
- 11.3.4. Cognizant Technology Solutions Corp.
- 11.3.5. Google LLC
- 11.3.6. Pearson Plc
- 11.3.7. DreamBox Learning, Inc.
- 11.3.8. Carnegie Learning, Inc.
- 11.3.9. Nuance Communications, Inc.
- 11.3.10. Blackboard Inc.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption