AI in Education Market Size - By Component (Solution, Service), By Deployment (On-premise, Cloud), By Technology (Machine Learning, Deep Learning, Natural Language Processing), Application, End-use & Forecast, 2023-2032

Blackboard Inc., IBM Corporation, Amazon Web Services (AWS), Google Inc, IBM Corporation, Knewton, Squirrel AI, and others are some key companies functioning in the industry.

The global market of artificial intelligence (AI) in education was worth USD 4 billion in 2022 and is set to grow at a 10% CAGR through 2032 driven by the growing inclination toward smart and personalized learning methods.

The higher education end-use segment accounted for more than USD 2 billion in revenue in 2022 and is foreseen to record significant growth through 2032 as a result of the rising use of AI by universities worldwide after the COVID-19 outbreak to bridge learning gaps and accelerate learning, in combination with increased government efforts.

The market for artificial intelligence (AI) in education in Europe is poised to account for more than 15% industry share by 2032 owing to the continually developing AI systems that are boosting data utilization.