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AI in Education Market Trends

  • Report ID: GMI2639
  • Published Date: Jan 2023
  • Report Format: PDF

AI in Education Market Trends

Scaling enhanced teaching efficiency requirements

The increasing burden of administrative tasks has steered the higher need for teachers to provide individual attention to each student. To that end, AI tools are increasingly employed to automate routine administrative tasks, such as grading and lesson planning while freeing up valuable time for educators to focus on high-impact activities, including student support, mentoring, and facilitating discussions. Moreover, AI-powered virtual assistants also provide real-time assistance to teachers, helping them in addressing student queries and concerns more effectively.
 

Rising importance of data-driven decision making

Data-driven decision making helps educators in making informed decisions regarding curriculum development, resource allocation, and instructional strategies, ultimately improving the overall quality of education. Subsequently, the adoption of AI in education market is growing as it enables comprehensive data collection and analysis for offering valuable insights to educators, administrators, and policymakers. Through the aggregation and analysis of vast amounts of student data, AI systems also help to identify patterns, trends, and learning gaps.

 

Increasing demand for intelligent tutoring systems

The demand for intelligent tutoring systems is poised to observe significant growth as educators are recognizing their potential in enhancing the student outcomes. These systems are witnessing widespread adoption as they help to leverage AI to provide one-on-one tutoring experiences to students. These systems assess student knowledge and provide targeted guidance as well as immediate feedback. Moreover, AI-powered tutors easily adapt to individual learning styles and pace to foster a more efficient and effective learning process.

 

Rising penetration of virtual reality (VR) and augmented reality (AR) in education

The deployment of AI with VR and AR technologies helps in creating immersive and interactive learning experiences, further assisting students to explore historical sites, conduct virtual science experiments, and participate in realistic simulations. AI algorithms not only analyse student interactions within virtual environments, but also provide real-time feedback while adjusting the experiences for optimizing the learning outcomes. Furthermore, the integration of AI, VR, and AR is expected to open new opportunities for engaging and experiential education which in turn fueling the AI in education market demand.

 

Higher adoption of intelligent assessment and adaptive testing

The demand for intelligent assessment systems is considerably rising as they reduce the reliance on standardized tests to offer more accurate representation of students' abilities for fostering a more inclusive evaluation process. To that end, AI is increasingly deployed as it helps transform the assessment process by providing intelligent and adaptive testing mechanisms. Furthermore, AI algorithms aid in analysing student responses, identifying learning gaps, and generating tailored questions to evaluate comprehension and critical thinking skills.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

AI in Education Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 430
  • Countries covered: 18
  • Pages: 300
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