According to a new report, published by KBV research, The Global AI In Education Market size is expected to reach $12.8 billion by 2028, rising at a market growth of 33.5% CAGR during the forecast period.
The Solution segment acquired maximum revenue share in the Global AI In Education Market by Component in 2021 thereby, achieving a market value of $8.6 billion by 2028. The growth of this segment is attributed to the rising adoption of the online education/digital industry that has been significantly supported by the emergence of a high number of smartphone users, a rise in government engagement, enhanced internet connectivity, and the development of digital payment alternatives.
The Smart content segment is showcasing CAGR of 34.6% during (2022 - 2028). The growth of the segment rising because smart content has been adopted to make it easier for students and teachers to create activities without spending as much time on it. Natural language processing along with computer vision is being used in interactive media creation. Also, smart content is also becoming a trend in the modern era. This factor is expediting the growth of this segment of the market.
The Higher Education segment is leading the Global AI In Education Market by End-use in 2021 thereby, achieving a market value of $7.4 billion by 2028. This expansion is attributed to higher academic standards as well as a shift in focus toward students' problem-solving skills, capacity for critical thought, and readiness for higher education.
The On-premise segment has shown growth rate of CAGR is 31.4% during (2022 - 2028). The rapidly rising growth of the segment is attributed to the increasing deployment of these solutions within the premises of organizations due to the fact that it offers complete control over the solutions and tools to the company. In addition, this type of deployment is more secure in contrast to cloud deployment due to the fact that on-premise deployment eliminates the risk of data theft or mass breach. Hence, the growth of the segment is increasing due to this.
The Machine Learning segment is generating highest revenue share the Global AI In Education Market by Technology in 2021 thereby, achieving a market value of $7.8 billion by 2028. The surging growth of this segment can be attributed to the increase in virtual support in K–12 and high school settings, which is being fueled by rising educational institutions' investments in AI technology. Machine learning is a very advanced technique and allows students to leverage the full benefits of AI in various fields, including education.
The North America market dominated the Global AI In Education Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.3 billion by 2028. The Europe market is poised to grow at a CAGR of 32.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 34.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ai-in-education-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Google LLC, Cognizant Technology Solutions Corporation, Pearson PLC, Amazon Web Services, Inc., Carnegie Learning, Inc., Blackboard, Inc., BridgeU Limited, and DreamBox Learning, Inc.
By Component
By Application
By End Use
By Deployment Mode
By Technology
By Geography
Companies Profiled
Unique Offerings 
