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Artificial Intelligence (AI) In Education Market Size Predicted To Reach $30 Billion By 2032

PR Newswire - Tue Feb 14, 2023

FinancialNewsMedia.com News Commentary 

PALM BEACH, Fla., Feb. 14, 2023 /PRNewswire/ -- AI and ML are transforming education models and drastically modifying teaching and learning methods from the elementary level to higher education, K12, and lifelong learning. Cutting-edge technologies are assisting in identifying & attracting students to universities, forecasting enrolment, predicting outcomes, and recognizing at-risk students with personalized material and AI-enabled teaching assistants and tutors, which is likely to impel the market development.  Major players involved in the artificial intelligence (AI) in education market…are concentrating on improving processes and putting expansion plans into action. A recent report from Global Market Insights projected that the Artificial Intelligence (AI) in Education Market size is predicted to reach USD 30 billion by 2032.  The report said: "Growing adoption of AI services at educational institutions (will) foster segment growth… In terms of components, the artificial intelligence (AI) in education market from the services segment is projected to cross USD 10 billion by 2032. The expanding use of AI in schools and universities to improve student learning through individualized learning programs and the incorporation of smart learning content to make teaching and learning more comfortable is foreseen to complement segment expansion. Furthermore, AI services can make educational classes available to all students throughout the world, including those with visual or hearing disabilities or who speak various languages."   Active Tech Companies in the markets today include:  Amesite Inc. (NASDAQ: AMST), Microsoft Corporation (NASDAQ: MSFT), C3 AI (NYSE: AI), Alphabet Inc. (NASDAQ: GOOG), Coursera (NYSE: COUR).

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