Artificial Intelligence in education provide exclusive learning experience to students and refines the learning process. Incorporation of educational technology in initial years of education is comparatively a fresh trend, with the central objective of improving students’ analytical and reasoning skills. Organizations operating in artificial Intelligence in education market have been engaged in creating products to effectively cater to the purpose. For instance, Prazas Learning Inc., an ed-tech company offers personalized, AI and technology enabled math tutoring. The organization uses research based intervention methods, through which it promotes conceptual, analytical and reasoning skills using problems based on real-life situations. The tool enables lifelong learning by improving their ability to think and rapidly accelerates problem solving skills.
Similarly, Content Technologies, Inc., a US based ed-tech company allows customizing lecture series, syllabus and textbook. The organization has developed faster ways to learn and master content for student by using artificial intelligence in education. The solution offered by the organizations, enables the content to be broken down into manageable bite sized pieces of information. AI technology also helps in nursing students so as to take the stress out of learning. Macquarie University in Sydney uses a similar AI based tool to help students develop better-coping techniques, particularly in relation with exam stress. The growing influence of advanced teaching mechanism across various educational institutions is rapidly influencing the growth of artificial intelligence in education market.
“Artificial Intelligence in education – How Helpful? Universities are using AI to streamline their processes, resulting in cost savings and better service levels. In 2018, Deakin University in Australia has partnered with IBM Watson, a supercomputer developed by IBM. The tool combines AI and sophisticated analytical software to answer users’ questions. It offers a 24/7 online student advisory service, that improves the student’s experience. Integrated with their single interface platform and online personal hub, DeakinSync enables students to ask questions and receive instant online answers. This indicates the prominent shift in learning methodology being predominantly fulfilled by artificial Intelligence in education market. ”
The detailed research study provides qualitative and quantitative analysis of the global artificial intelligence in education market. The artificial intelligence in education market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Global Artificial Intelligence in Education Market Revenue (US$ Million), 2018
Some of the major players operating in the global artificial intelligence in education market are Amazon Web Services, Inc., Blackboard Inc., Brainly, BridgeU, Carnegie Learning, Inc., Century-Tech Limited, Content Technologies, Inc., DREAMBOX LEARNING, ELEMENTAL PATH, Fishtree, IBM, Knewton, Inc., Metacog, Inc., Microsoft, Netex Knowledge Factory, Prazas Learning Inc., Quantum Adaptive Learning, LLC, Querium Corporation, Volley amongst others.
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