AI In The Edtech Market Size, Share, Opportunities, And Trends By End-Users (Students, Teachers, Parents, Institutions), By Deployment (Cloud, On-Premise), By Application (Content creation, Personalized Learning, Operations, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Nov 2024
- Report Code : KSI061616765
- Pages : 145
The AI in the edtech market is estimated to grow at a CAGR of 52.93% to attain US$32.910 billion in 2029, increasing from US$10.605 billion in 2024.
In the edtech or educational technology sector, artificial intelligence (AI) plays a critical role in technology development. In this sector, AI offers multiple applications, including various benefits, like personalized learning programs and intelligent tutoring systems that can offer users better curriculum programs. The AI-based tools and platforms can also automate grading and assessment features, and they also have the capability of adaptive learning platforms, virtual classroom aides, and educational data analytics.
The AI in the edtech platform offers various key components that use multiple tools like Adaptive Learning Systems, Intelligent Tutoring Systems (ITS), Natural Language Processing, and Machine Learning (ML). Adaptive Learning Systems use AI algorithms to personalize learning experiences to individual students' requirements, preferences, and styles, altering pace, material, and instruction delivery to maximize learning results.
Intelligent Tutoring Systems use artificial intelligence to deliver personalized coaching and feedback to students, much like a human teacher would. They analyze performance data to identify strengths and shortcomings and then provide tailored learning interventions. ML technologies enable computers to learn from data and make predictions or decisions without explicit programming. In EdTech, ML is used for personalized recommendation systems, predictive analytics, and content customization.
What are AI in the Edtech market drivers?
- Increasing investment opportunities in the global Edtech sector
The rising investments by governmental and private organizations for developing the global edtech sector are estimated to propel global AI in the edtech market.
The global market witnessed a significant increase in investment strategies in the educational technology sector, including the introduction of key policies and strategies by the governments of various countries worldwide.
For instance, in India, the government introduced two key AI-based policies, Make AI for India and Make AI Work for India, aimed at creating sustainable and state-of-the-art AI technological development across the nation in multiple sectors, including education. The government allocated about INR 255 crore for the interim budget 2024-25 towards this mission. The government also introduced 100% foreign investment in education technology and institutions to boost the innovation of the edtech sector in the nation.
- Increasing demand for personalized learning propels the market
The increasing demand for personalized solutions across multiple industries is a major factor propelling global AI in the edtech market. AI provides adaptive learning systems that personalize educational content and learning experiences to students' unique requirements, preferences, and learning styles, resulting in greater engagement and understanding. Among various products available in the market, The Cognii Learning Platform is a handy, stand-alone platform that combines the Cognii Virtual Learning Assistant for students and Cognii Analytics for teachers, providing AI-powered learning, feedback, tutoring, fast course creation, and simple content production templates. Overall, the growing desire for personalized learning emphasizes the value of AI in EdTech as a potent tool for providing more equal, inclusive, and successful learning experiences for all students.
- The need for enhanced teaching experiences is boosting the market
AI-powered educational technologies and platforms, such as virtual reality simulations, intelligent tutoring systems, and gaming learning activities, can enhance learning engagement and effectiveness by providing dynamic and immersive experiences. One of the products, Knewton Alta, is a cheap adaptive courseware that extends personalized learning beyond homework by delivering extensive answer explanations, just-in-time education, and remediation of required skill gaps. It continually evaluates students' knowledge and changes in real-time to maximize learning outcomes, organizing information by learning objectives and providing it to students based on their requirements.
Major challenges hindering AI in the Edtech market:
- Data privacy concerns
The collecting and analysis of student data raises privacy issues among parents, educators, and policy officials. Issues with data protection, permission, and abuse can erode faith in AI-powered EdTech solutions, leading to regulatory scrutiny and compliance issues.
The global cases of data breaches and cyber-attacks have witnessed a massive increase in recent years. The IT Governance UK stated that in February of 2024, a total of 719.366 million records were breached globally, whereas about 299.368 million data breaches occurred in March 2024. In April 2024, about 5,336.840 million data breaches were recorded globally.
Geographical outlook of AI in the Edtech market:
- North America is forecasted to hold a major share of the AI in the Edtech market.
The North American EdTech ecosystem, which includes Google, Microsoft, Magicedtech, and Amazon, is promoting the development of innovative technologies such as AI. This culture of creativity and entrepreneurship in Silicon Valley is likely to substantially impact the application of AI in education, improving learning experiences in schools, universities, and virtual learning environments.
North America's considerable share of AI in the EdTech market is due to its leadership in technological innovation, strong ecosystem collaboration, financing availability, a favorable regulatory framework, and rising demand for digital learning solutions.
Major products in AI in the Edtech market:
- StepWise AI is a Virtual Tutor Software that simulates the supervision of an experienced teacher, assisting students in problem-solving by submitting each step for review and receiving prompt responses. It is adaptable, personalized, and responsive to pupil development, allowing them to proceed as soon as they are prepared. StepWise offers instructors valuable data to help them understand their students' problem-solving abilities and skill levels.
- ClearMath Solutions is a dynamic strategy that aims to assist kids develops math abilities, confidence, and enthusiasm. They believe every kid can be a mathematician and want to build a community of educators to help children become creative problem solvers, critical thinkers, and lifelong learners.
Key developments in AI in the Edtech market:
- In February 2024, Wiley announced a new three-year open-access partnership with the University of Macau, the first between a Macau university and a worldwide publisher. The deal would provide academics with access to Wiley's journal portfolio and enable researchers to publish open access in almost 2,000 hybrid and fully gold open-access publications.
- In November 2022, Oxford University Pressed partnered with CENTURY Tech to create an adaptive learned solution for Bond, its 11+ preparation brand. The program was launched in 2023, and features practice questions for Granada Learned and Centre for Evaluation and Monitoring examinations, school-written tests, and other exam boards, as well as personalized learned pathways and AI-informed suggestions.
AI In The Edtech Market Scope:
| Report Metric | Details |
AI In The Edtech Market Size in 2024 |
US$10.605 billion |
AI In The Edtech Market Size in 2029 |
US$32.910 billion |
| Growth Rate | CAGR of 52.93% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in AI In The Edtech Market |
|
| Customization Scope | Free report customization with purchase |
The AI in the Edtech market is analyzed into the following segments:
- By End-Users
- Students
- Teachers
- Parents
- Institutions
- By Deployment
- Cloud
- On-Premise
- By Application
- Content creation
- Personalized Learning
- Operations
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. AI IN THE EDTECH MARKET BY END-USERS
5.1. Introduction
5.2. Students
5.3. Teachers
5.4. Parents
5.5. Institutions
6. AI IN THE EDTECH MARKET BY DEPLOYMENT
6.1. Introduction
6.2. Cloud
6.3. On-Premise
7. AI IN THE EDTECH MARKET BY APPLICATION
7.1. Introduction
7.2. Content creation
7.3. Personalized Learning
7.4. Operations
7.5. Others
8. AI IN THE EDTECH MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By End-users
8.2.2. By Deployment
8.2.3. By Application
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Others
8.3. South America
8.3.1. By End-users
8.3.2. By Deployment
8.3.3. By Application
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By End-users
8.4.2. By Deployment
8.4.3. By Application
8.4.4. By Country
8.4.4.1. Germany
8.4.4.2. France
8.4.4.3. United Kingdom
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By End-users
8.5.2. By Deployment
8.5.3. By Application
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Israel
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By End-users
8.6.2. By Deployment
8.6.3. By Application
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. Australia
8.6.4.5. South Korea
8.6.4.6. Indonesia
8.6.4.7. Taiwan
8.6.4.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Google
10.2. Microsoft
10.3. Magicedtech
10.4. Amazon
10.5. Intel Corporation
10.6. IBM
10.7. Century
10.8. Querium
10.9. Cognii, Inc.
10.10. Infosys Limited
10.11. OpenAI
10.12. Springs
Microsoft
Magicedtech
Amazon
Intel Corporation
IBM
Century
Querium
Cognii, Inc.
Infosys Limited
OpenAI
Springs
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