LONDON--(BUSINESS WIRE)--The artificial intelligence market in the US education sector is expected to post a CAGR of almost 48% during the period 2018-2022, according to the latest market research report by Technavio. Request a free sample report
Machine learning and AI can be used to assess the academic areas in which students might be facing problems. This helps in creating customized learning paths for students along with various exercises and lessons to help them improve academic performance. Many vendors in the market are offering AI-based content delivery solutions that allow teachers to create their own custom learning content. This significantly reduces the cost of devising personalized paths in educational institutions. Owing to such benefits, the adoption of AI-based applications has gained traction among educational institutions in the US. These factors are crucial in driving the growth of the market.
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As per Technavio, the increased emphasis on chatbots will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
Artificial Intelligence Market in the US Education Sector: Increased Emphasis on Chatbots
The adoption of chatbots helps educational institutions to provide personalized learning pathways by understanding the study pattern of students. They can also be used to assess and correct assessments submitted by the students. Moreover, chatbots can help students to learn at spaced intervals and keep track of the subjects learned by them. Many such benefits have increased the adoption of chatbots among schools and colleges in the US. This trend is creating new growth opportunities for vendors and is expected to boost market growth during the forecast period.
“Rising emphasis on crowdsourced tutoring and the increasing adoption of content analytics solutions will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Artificial Intelligence Market in the US Education Sector: Segmentation Analysis
This market report segments the artificial intelligence market in the US education sector by end-users (higher education and K-12) and education model (learner model, pedagogical model, and domain model).
The higher education segment led the market in 2017, followed by the K-12. During the forecast period, the higher education segment is expected to maintain its dominance over the market. This is due to the rising adoption of virtual assistants by universities and institutions in the country.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Customer Landscape
Geographical Segmentation
- Geographic comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Vendor classification
- Market positioning of vendors
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