The Global AI in Education Market (2018-2023) is Projected to Exceed $3.68 Billion by 2023 - Key Drivers, Trends and Opportunities Analysis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 23, 2018--The “AI in Education Market by Technology (Deep Learning and ML, NLP), Application (Virtual Facilitators and Learning Environments, ITS, CDS, Fraud and Risk Management), Component (Solutions, Services), Deployment, End-User & Region - Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Global Artificial Intelligence (AI) in Education Market is forecast to grow from USD 537.3 Million in 2018 to USD 3,683.5 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 47% during the forecast period.
The increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology are expected to drive the growth of the AI in education market.
The slow digitization rate is affecting the adoption of the AI technology in the emerging economies, as the deployment of AI-enabled solutions require IT infrastructures to generate accurate results. This factor may restrain the growth of the AI in education market.
Among technologies, the Natural Language Processing (NLP) technology segment is expected to grow at a higher CAGR during the forecast period.
The component segment is further segmented into solutions and services. The services segment is expected to grow at a higher CAGR during the forecast period. Among services, the professional services segment is expected to have the larger market size during the forecast period, as these services play a crucial role in providing the detailed analysis of clients’ requirements.
The virtual facilitators and learning environments application segment is expected to have the largest market size and grow at the highest CACR during the forecast period.
Based on end-users, the educational institutes segment is expected to have the largest market size and grow at a higher CAGR during the forecast period.
Among deployment modes, the cloud deployment mode is expected to grow at a higher CAGR during the forecast period.
North America is expected to have the largest market size in the AI in education market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Educational Models
7 AI in Education Market, By Technology
8 AI in Education Market, By Application
9 AI in Education Market, By Component
10 AI in Education Market, By Deployment Mode
11 AI in Education Market, By End-User
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/7zjnhg/the_global_ai_in?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180723005608/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Artificial Intelligence
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 07/23/2018 01:20 PM/DISC: 07/23/2018 01:21 PM