AI in Education Market expected to grow at 17.5% CAGR, reaching $5.82 billion by 2030.
From GlobeNewswire: 2024-12-19 08:00:00
The AI in Education Market is expected to grow at a CAGR of 17.5% from 2024 to 2030, reaching USD 5.82 billion. Factors driving growth include data-driven insights, personalized learning, and mobile device prevalence. Key companies in the market include Microsoft, IBM, and Google. AI tools enhance learning by providing personalized content, real-time feedback, and adaptive learning paths.
AI in education tools offer advanced features like adaptive learning platforms, intelligent tutoring systems, and AI-driven content creation to enhance the learning experience. These tools use algorithms to personalize educational content, automate tasks, and provide insights into student performance. Companies like Microsoft and IBM are leading the way in deploying AI-based software to streamline educational processes and improve learning outcomes.
Adaptive learning platforms are a major advancement in AI integration in education, dynamically adjusting content based on student performance. Technologies like generative AI create customized learning materials, while conversational AI tools like chatbots offer instant feedback. AI tools play a crucial role in addressing modern learners’ needs through personalized learning modules and efficient tracking of learning outcomes.
The institutional segment leads the AI in education market, using AI to predict enrollment patterns and tailor strategies effectively. AI enhances operational efficiency by automating tasks, allowing educators to focus on teaching and student engagement. Key players in the market include Microsoft, IBM, and Google, with strong geographic presence and diverse product portfolios.
Companies in the AI in education market focus on product launches, collaborations, and partnerships to strengthen their market presence and offer innovative solutions. Microsoft, IBM, and Google are leading players in the market, leveraging their R&D capabilities to increase market share and expand globally. These companies play a pivotal role in driving innovation and enhancing educational outcomes through AI technology.
Read more at GlobeNewswire: The Rise of AI in Education Market: A $5.82 billion