Increasing demand for real-time learner’s progress monitoring and analysis solutions, and growing demand for AI technology to simplify administrative processes
VANCOUVER, BC, CANADA, March 18, 2022 /EINPresswire.com/ — The study performs a historical assessment of the Artificial Intelligence in the Education Sector from 2021 to 2027, focusing on the market trends, revenue share, growth rate, production capacity, pricing structure, and other vital aspects during that period. The report emphasizes the demands and ongoing trends of the global Artificial Intelligence in the Education Sector market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
Rising demand for real-time learner’s progress monitoring and analysis solution is a primary factor driving growth of the global artificial intelligence in the education sector market, and this is further expected to increase exponentially over the forecast period. Growing demand for artificial intelligence (AI) technology to simplify administrative processes in institutions is projected to further propel global artificial intelligence in the education sector market growth during the forecast period. Rising venture capital funding in EdTech companies is also expected to boost growth of the global artificial intelligence in the education sector market over the next few years.
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The global Artificial Intelligence in the Education Sector market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
Google LLC, Microsoft Corporation, Amazon Web Services, Inc., International Business Machines Corporation, Cognizant Technology Solutions Corp, Pearson PLC, Nuance Communications Inc., Blackboard Inc., Carnegie Learning, Inc., and Cognii, Inc.
Key Highlights from the Report:
Increasing implementation of on-premises artificial intelligence solutions in universities and colleges to minimize cyber-attacks and information theft is driving revenue growth of the on-premises segment currently, which is expected to register a significantly high CAGR of 43.8% over the forecast period.
In terms of market share, the natural language processing segment is projected to contribute significantly to the global artificial intelligence market in the education sector during the forecast period, attributable to growing application of natural language processing technology to minimize the communication gap between computers and humans.
In terms of revenue, the virtual learning environment segment is projected to account for high revenue share in the global artificial intelligence in the education sector market over the forecast period due to growing use of AI to improve online learning experience in higher education.
Significant driving forces shaping the future of the Artificial Intelligence in the Education Sector market for the forecast period 2021 – 2028 find a special mention in the study and are backed by a real-time statistic. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
Emergen Research has segmented the global artificial intelligence in the education sector market on the basis of deployment, technology, application, end-use, and region.
Deployment Outlook (Revenue, USD Billion; 2020–2027)
Technology Outlook (Revenue, USD Billion; 2020–2027)
Natural Language Processing
Application Outlook (Revenue, USD Billion; 2020–2027)
Virtual Learning Environment
Intelligent Tutoring Systems
End-use Outlook (Revenue, USD Billion; 2020–2027)
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Key Coverage of the Artificial Intelligence in the Education Sector Market:
Insightful information regarding the global Artificial Intelligence in the Education Sector market
Identification of growth in various segments and sub-segments of the Artificial Intelligence in the Education Sector market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations
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The global Artificial Intelligence in the Education Sector market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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