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Artificial Intelligence Market in Education Research Report: Market size, Industry outlook, Market Forecast, Demand Analysis,Market Share, Market Report 2018-2023

Artificial Intelligence Market In Education - Forecast (2020 - 2025)

The CAGR of global artificial intelligence in Education is expected to grow at a rate of 45% during 2018-2024. The driving force of global AI in Education is the integration of the intelligent tutoring system (ITS) in the learning process. The market growth is hindered by higher cost of deployment. Asia –Pacific is the most lucrative region for AI in the education sector. The regional government is also promoting AI in education as education is the basis of all knowledge and progress.

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What is Artificial Intelligence in Education?

Artificial Intelligence is a backend algorithm that programs the machine to emulate and extend human behaviour and actions. AI in education is about acquiring a deeper understanding of what should be taught, how it should be taught and what impediments are preventing it from being acquired? With the help of AI, every child is taught at their pace and corrected for their weakness. AI is helping tutor to get extra for their learning also.

What are the applications of Artificial Intelligence in Education?

Artificial Intelligence in Education is supporting an intelligent tutoring system, is providing feedback and instruction to students without human interference. With the access to AI students can get filtered and updated content that is independent of barriers like language, religion etc.

AI plays a major role in grading during the examination which saves lots of teacher’s time. It is also contributing to managing administration work. It is also contributing to tailoring the course content. AI can present information and provide practice time again and again without being sentimental and judgmental. AI has the capability to give attention to each and every student in the classroom and personalize the content.

Market Research and Market Trends of Artificial Intelligence in Education:

Geekie a Brazil-based startup has created a personalized education app called Geekie Lab. It delivers entire syllabus to the student and they can access it anytime anywhere. This software just doesn’t deliver content, it also assesses how they are performing in quiz and test, and pass their records to their teachers.

China’s largest AI provider in the educational sector, New Oriental created an app called Realskill. It helps students to learn English as English is not taught in every school. To get a PhD or any skill-based job English is very important.

One of the market leader Cognii offers AI-based virtual tutors and grading tool for short essay. It is more successful in higher education.

Who are the Major Players in Artificial Intelligence in Education Market?

The companies referred in the market research report are IBM, Microsoft, Bridge-U, Dreambox learning and 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end-use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

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