Absolute Markets Insights

Artificial Intelligence in Education Market Is Thriving Worldwide with 31% of CAGR by 2027 : Focusing on Top Key Players Amazon Web Services, Blackboard Inc., Brainly

The demand for artificial intelligence in education market is growing at a CAGR of 31% by 2027 owing to the increasing demand for assistance platforms in examination preparations and assignment for higher education: says Absolute Markets Insight

 

Pune, India -- (SBWIRE) -- 03/09/2019 -- Artificial intelligence in education has created a less expensive and more responsive approach to higher education by improving student outcomes and helping institutions scale quality education for students. It is allowing colleges and universities to pursue an individualized, adaptive, and arduous experience for students. AI offers resources such as tutoring or advising to students based on their previous academic performance. Organizations in artificial intelligence in education market are actively working in collaboration with schools and universities to help students by offering an appropriate platform. For instance, Cognii, an ed-tech company provides artificial intelligence based educational technologies for higher education. The organization combines the powers of conversational pedagogy with the conversational AI technology. Cognii Learning Assistant, an AI based product engages students in a chatbot-style learning conversation by prompting them to construct an answer, giving them instant formative assessment, tutoring them with personalized hints and tips, and guiding them towards conceptual excellence.

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Similarly, Knewton, a New York based organization has launched Alta, an AI based product for higher education. Alta is a complete courseware solution that combines Knewton's adaptive learning technology with openly available content to deliver a personalized learning experience that is affordable, accessible and improves student outcomes. All of the instructional content needed for a course including text and video, examples and assessments is included in each Alta product. Institutions have been testing the benefits of the application of AI in higher education and have found the results to be extremely positive. The implementation of artificial intelligence for education assistance in Clemson University, has showcased massive benefits. The pass rate for a math course in general was 45 percent which post the use of AI software for assistance in education increased to 70 percent. The instance has concretized the positive role played by the technology and is influencing the growth of artificial intelligence in education market.

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"During the next six years, artificial intelligence in education market is going to experience huge demand from higher education segment. Universities & institutions are looking into helping students with efficient methods of teaching & learning. AI tutoring is being tested by several universities worldwide, helping students in getting the appropriate assistance and guidance they require."

The detailed research study provides qualitative and quantitative analysis of the global artificial intelligence in education market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Some of the major players operating in the global artificial intelligence in education market are Amazon Web Services, Inc., Blackboard Inc., Brainly, BridgeU, Carnegie Learning, Inc., Century-Tech Limited, Content Technologies, Inc., DREAMBOX LEARNING, ELEMENTAL PATH, Fishtree, IBM, Knewton, Inc., Metacog, Inc., Microsoft, Netex Knowledge Factory, Prazas Learning Inc., Quantum Adaptive Learning, LLC, Querium Corporation, Volley amongst others.

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- By Component

o Solutions
- Platform
- Tools

o Services
- Professional Services
- Managed Services

- By Deployment Mode
o Cloud
o On-Premises

- By Technology
o Machine Learning
o Deep Learning
o Natural Learning Process (NLP)

- By Model
o Pedagogical Model
o Domain Model
o Student Model

- By Application
o Intelligent Tutoring Systems
o Learning Platform and Virtual Facilitators
o Content Delivery Systems
o Smart Content
o Interactive Websites

- By End-Use
o Higher Education
o K-12 Education
o Corporate Learning

- By Region

o North America
- U.S.
- Canada
- Mexico
- Rest of North America

o Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
o Denmark
o Finland
o Iceland
o Sweden
o Norway
- Benelux Union
o Belgium
o The Netherlands
o Luxembourg
- Rest of Europe

o Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
o Indonesia
o Thailand
o Malaysia
o Singapore
o Rest of Southeast Asia
- Rest of Asia Pacific

o Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa

o Latin America
- Brazil
- Argentina
- Rest of Latin America

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