According to the latest market research study by Technavio, the artificial intelligence market in the US education sector is expected to grow at a CAGR of close to 48% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the artificial intelligence market in the US education sector in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the model
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Artificial intelligence market in US education sector by learner model: The development of adaptive learning models will fuel the growth of the AI market in the education sector in the US. The vendors in the market are focusing on developing learner-oriented and student-centric modules that will increase the adoption of AI in this sector. The service providers are using AI technology to design content-based products and services for educators to increase their revenues.
“The vendors are offering programs the support smart learning options for students by embedding adaptive learning technology in their educational processes. This methodology help students learn in a self-directed manner, allows ownership of content, and learning methods. The use of AI technology will allow service providers to offer personalized learning models that capture emotional intelligence of students under various metrics,” says Jhansi Mary, a lead analyst at Technavio for research on education technology.
Artificial intelligence market in US education sector by pedagogical model: The availability of artificial intelligence-based assessment options for students is driving the growth in the US market. These systems help students to receive appropriate scoring and suggestions to improve their performance on a real-time basis. The vendors are integrating natural language processing (NLP) and speech recognition technology-backed products in pedagogical solutions. These solutions in the artificial intelligent systems act as mentors to provide accurate answers and analysis of student performance.
Artificial intelligence market in US education sector by domain model: The domain model provides solutions that enhance and improve the storage of domain-specific knowledge, mainly for science, technology, engineering, and mathematics (STEM) subjects. These systems are designed to collect, learn, and update knowledge about various subjects that help students to benefit from varied sources of information. The different software available in the market includes Andes, DesignFirst, Cognitive Tutors, and Auto-tutor.
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The top vendors operating in the artificial intelligence market in the US education sector are:
- Cognii
- IBM
- Nuance Communications
- Quantum Adaptive Learning
The other prominent vendors in the market include ALEKS, Blackboard, DreamBox Learning, Jenzabar, Microsoft, and Pearson.
A more detailed analysis is available in the Technavio report titled, ‘Artificial Intelligence Market in the US Education Sector 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Artificial Intelligence Market in the Education Sector 2016-2020
- Visual Analytics Market in the US Education Sector 2016-2020
- Global Cloud-based Content Management Services Market for the Higher Education Sector 2016-2020
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