AI in Education Market to grow at 45% CAGR from 2018 – 2024 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

AI in Education Market to grow at 45% CAGR from 2018 – 2024

Description:

More Information @ Machine learning also held over 20% AI in education market revenue share in 2017. The technology offers a customizable learning experience, student path prediction, and suggested learning path, identifying the weaknesses and analyzing the areas that require improvement. Furthermore, the technology also assists in developing an unbiased grading system and feedback mechanism for both students and teachers. – PowerPoint PPT presentation

Number of Views:6

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: AI in Education Market to grow at 45% CAGR from 2018 – 2024


1
Artificial Intelligence in Education Market to
reach 6bn by 2024 Global Market Insights Inc.
2
Industry Overview
  • Artificial Intelligence (AI) in Education Market
    to surpass USD 6 billion by 2024 driven by
    increasing venture capital investment in AI and
    EdTech. AI in education market is driven by the
    integration of the Intelligent Tutoring System
    (ITS) in the learning process. ITS is one of the
    advanced applications of AI aimed at providing
    immediate and personalized feedback and
    instructions to learners without the intervention
    of a human tutor. The numerous benefits offered
    by the system is major factor augmenting its
    demand. It assists students in improving their
    learning styles, offering personalized tutoring
    and high-quality education by gauging their
    pre-existing knowledge and learning. The platform
    collects data points and employs machine learning
    and predictive models to determine individual
    knowledge and skill levels and analyze the
    performance. It also provides students immediate
    feedback for improvement.
  • However, the high cost of deployment and lack of
    skilled workforce are the factors hindering the
    AI in education market growth. These systems are
    expensive to develop and implement and the
    timeframe required for the development of these
    systems is large limiting their implementation in
    the real world. Moreover, the risk of data
    leakage and security also restrain the market
    growth.

3
Artificial Intelligence (AI) in Education Market

4

Browse Market Research Report Of Artificial
Intelligence (AI) in Education Market _at_
https//bit.ly/2JPW7gJ Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/2
639
5
Continue
  • AI assists in improving the quality of education
    by addressing the learning challenges faced in
    the past including planning, reasoning, language
    processing, and cognitive modeling. Various
    benefits offered by the acceptance of AI in
    education sector include tutoring grading,
    immediate feedback on course quality,
    personalization in education, and instant
    feedback to students. The aim of AI is to be a
    virtual facilitator for the learning domain and
    to create virtual human-like qualities, who can
    think, react, act, and interact in a natural way
    using verbal and non-verbal communication.
  • The domain model in AI in education market is
    estimated to grow at a substantial rate with over
    50 CAGR during the forecast period. The domain
    model represents the knowledge of the subject,
    expertise, and the relationship between different
    parts of the subject matter. It assists in
    improving the domain-specific knowledge,
    especially in areas of science, technology, math,
    and engineering. The AI in education systems
    usually gathers a huge amount of student data,
    which is computed to enhance the domain model.
    This helps in offering more personalized and
    efficient support while refining and testing
    their understanding of the process of learning
    and teaching.

6
U.S. Artificial Intelligence in Education Market
Share, By End-Use, 2017 (USD Million)

7
Industry Coverage

8
Continue
  • The deep learning model for AI in education
    market is anticipated to grow at a CAGR of 52
    during the forecast timespan. The technology
    helps in protecting the teaching profession with
    tasks such as developing soft skills amongst
    students, cultivating pupils, and assisting them
    to train students and motivate them for better
    education. They offer collaborative learning
    methodology between teachers, students, and a
    wider environment with strong social and
    team-related skills. The advent of technology has
    hindered deep learning in schools.
  • Asia Pacific is estimated to be the most
    lucrative region for AI in education market. The
    market is estimated to grow at a CAGR of over
    51. The digitalization and supportive government
    initiatives in the region have a noteworthy
    impact on the growth of the market. For instance,
    in 2015, the Japanese government launched Japan
    Revitalization Strategy, which focuses on the
    development of advanced robots equipped with AI
    and machine learning technology. Similarly, the
    Indian government is also promoting the use of
    technology education in schools and universities,
    shaping students into foremost innovators of the
    AI revolution.
  • The key players in the AI in education market are
    IBM, AWS, Microsoft, Google, Nuance, Century
    Tech, Blackboard, Pearson, Cognii, Volley.com,
    Blippar, Knewton, Jenzabar, Content Technologies,
    PLEIQ, Luilishuo, Pixatel System, and Quantum
    Adaptive Learning.

9
Stay In Touch Website www.gminsights.com Soci
al Media
About PowerShow.com