EDUCATION

Artificial intelligence (AI) is having a significant impact on education status today, with far-reaching ramifications. The global market for artificial intelligence in education is expected to reach $3.68 billion by 2023, growing at a CAGR of 47 percent. AI has the potential to fundamentally alter the way our educational system runs, increase institutions’ competitiveness, and empower teachers and students of all abilities.

Artificial intelligence’s impact as a powerful technology may be seen in a variety of industry verticals. Globally, the education industry is no exception. Numerous institutions throughout the country are utilizing artificial intelligence in education. The employment of AI in education has provided instructors, students, parents, and, of course, educational institutions with an entirely new viewpoint on education.

1. Automate basic activities in education, like grading.
   While AI will never completely replace human grading, it is getting close. Teachers may now automate practically all types of multiple-choice and fill-in-the-blank exams, and automated grading of student writing may be close following.
2. Educational software can be personalized to students needs.

This type of customized education could be a machine-assisted approach for integrating students of varying abilities in a single classroom. Teachers encourage learning and provide assistance and support as needed.

3. Suggest Improvements

An integrated AI system assists in filling in explanation gaps that may emerge during courses and ensuring that all students are developing the same conceptual foundation. Rather than waiting for a response from the professor, students receive immediate feedback that aids in their comprehension of a topic and retention of how to do it correctly the next time.

4. AI tutors can provide additional support

While AI tutoring programs can teach children essentials, they are not yet equipped to assist pupils in developing higher-order thinking and creativity, which real-world teachers must facilitate. That is not to say that AI instructors will never be able to perform these tasks. Advanced tutoring systems may not be a pipe dream, given the high pace of technological innovation over the last few decades.

5. AI-driven programs provide helpful feedback.

AI systems enable students to receive the assistance they require and instructors to identify areas for instructional improvement for students who may struggle with the subject matter. However, these colleges’ AI programs are not limited to guiding specific courses. Some are developing ways to assist students in selecting majors based on their strengths and weaknesses. While students are not required to follow the recommendations, it may herald a wild new world for future students in college major choice.

6. Change the job-description of teachers.

However, AI might be applied to a variety of other facets of education as well. AI can take over grading, assist students in improving their learning, and may even serve as a substitute for in-person tutoring. AI systems might be trained to provide expertise, acting as a clearinghouse for students to ask questions and get knowledge, or even take the place of teachers for fundamental course topics. However, in the majority of circumstances, AI will relegate the teacher to the role of facilitator.

7. Data powered by AI can change how schools find, teach, and support students.

Intelligent data collection, facilitated by intelligent computer systems, is already transforming how universities communicate with potential and present students. From recruiting to assisting students in selecting the finest courses, intelligent computer systems assist in tailoring every aspect of the college experience to the students’ requirements and goals.

8. Change the way students learn, teachers teach and where the learning takes place.

Students can learn from anywhere globally at any time using AI systems, software, and assistance. With these types of programs taking the place of some forms of classroom instruction, AI may eventually replace teachers in some circumstances (for better or worse). While AI-powered educational systems are already assisting students in developing fundamental abilities, as these programs mature and creators gain more knowledge, they will almost certainly provide students a considerably broader range of services.

Regional Outlook (Revenue, USD Billion, 2021 – 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East and Africa (MEA)

Competitors

• Major AI in education market players are
• Amazon Web Services, Inc.,
• Blackboard Inc.,
• Blippar, Century Tech Limited,
• Cerevrum Inc.,
• CheckiO, Pearson PLC,
• TrueShelf,
• Querium Corporation,
• Knewton,
• Cognii Inc.,
• Google Inc.,
• Microsoft Corporation,
• Nuance Communication Inc.,
• IBM Corporation.,
• Jenzabar Inc.,
• Yuguan Information Technology LLC,
• Pixatel Systems,
• PleiQ Smart Toys SpA,
• and Quantum Adaptive Learning LLC.

Topics this report will cover:

• Market size from 2019 to 2027
• Revenue Forecast from 2020 to 2027
• Market segmentation and active players
• Market trends and opportunities
• Competitive landscape 
• Regional analysis 
• Related Industries 

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