Technavio, a tech-focused market research firm, has published a new report on the global artificial intelligence market in the education sector, which is expected to experience a slow but steady growth rate with a CAGR of around 39% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global artificial intelligence market in the education sector for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global artificial intelligence market in the education sector into the following key regions: Europe, North America, and ROW.
Geographical segmentation of the global artificial intelligence market in the education sector for 2015
|
North America |
66.74% |
|
Europe |
22.86% |
|
ROW |
10.40% |
Source: Technavio
Artificial intelligence in North American education market
Artificial intelligence in the North American education market was valued at over $13 million in 2015 and will grow at a CAGR of almost 42% by 2020. The education industry in the North American market is adopting artificial intelligence-based education products and services. The integration of this software into schools and colleges in the US due to increased awareness of the benefits of these products will fuel the growth of the North American market. The US government is also taking initiatives to improve the quality of education and overall development of students. Such initiatives have further led educational institutions to implement artificial intelligence-backed solutions to improve the content and teaching techniques.
“The educational institutions are focusing on the automation of processes by integrating online education methods in their organizations. Some of the major software used by schools and colleges are LMS, enterprise resource planning, learning analytics, and SIS. These software solutions act as data collection and analysis tools for educational institutes. Moreover, many universities in North America are offering graduate and postgraduate programs in artificial intelligence to encourage students to explore and develop innovative products and services,” says Jhansi Mary, a lead analyst at Technavio, specializing in research on education technology.
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Artificial intelligence in Europe education market
Artificial intelligence in the European education market was valued at almost $5 million in 2015 and will grow at a CAGR of around 35% by 2020. The advent of online course content in school and university curriculums in Western European countries will fuel the market growth in this region. The rising demand for artificial intelligence specifically in adaptive learning software will revolutionize the education industry in this region. The vendors in this market are developing niche solutions to increase their profitability and provide products that cater to language barriers in the area. Intelligent language learning software is introduced in the market to help students master different languages. The European government is taking initiatives to improve the education quality and training facilities by providing online tutors, teachers, and trainers with personalized subjects and contents.
Artificial intelligence in education market in ROW
Artificial intelligence in the ROW education market was valued at over $2 million in 2015 will grow at a CAGR of almost 29% by 2020. The market in MEA and APAC are still evolving, and the government is undertaking initiatives to improve the education standards in the region. Many countries are investing research programs to promote research in the fields of neural networks, computational intelligence algorithms, swarm intelligence, and artificial immune systems. Various private companies are investing in the establishment of research centers to promote the use of artificial intelligence in educational systems. For instance, FunToot offered by eDreams Edusoft provides online tutors under categories of education boards, subjects, competitive exams, and class levels.
The top leading vendors operating in the global artificial intelligence market in the education sector market are:
- Cognii
- IBM
- Nuance Communications
- Quantum Simulations
Other prominent vendors in the market are Pixatel, Blackboard, Pearson, Jenzabar, and Microsoft.
A more detailed analysis is available in the Technavio report titled, ‘Global Artificial Intelligence Market In The Education Sector 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Visual Analytics Market in the US Education Sector 2016-2020
- Global Smart Robots Market 2016-2020
- Global Cloud-based Content Management Services Market for the Higher Education Sector 2016-2020
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