Key factors driving the adoption of AI in the learning sector.
The global artificial intelligence (AI) in education market is undergoing a rapid transformation. The shutdown of schools, colleges, universities, and other educational institutes, due to the Covid-19 pandemic, has highlighted the need to modernize the traditional educational system.
The many benefits offered by AI technology are driving its demand in institutes and organizations. Increased government spending on upgrading the education sector should encourage the adoption of advanced devices and technologies to enhance the learning experiences for students. For example, government spending on education in the European Union was approximately €654 billion in 2019.
The global AI in education market size is predicted to surpass US$20 billion by 2027, says Global Market Insights. Here are some key factors driving AI adoption in the learning sector.
Adoption of cloud computing services
In the services segment, the AI in education industry share is predicted to witness a 40% CAGR up to 2027. The rapid expansion of cloud computing services is complementing the demand for managed services across enterprises providing online education. Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) are getting highly popular as they allow easy and affordable access to complicated software and IT infrastructure components.
Machine learning (ML) in education pattern analysis
The AI in education industry share from the machine learning technology segment is slated to witness notable growth in the coming years. Machine learning plays a vital role in analyzing educational patterns and recommending variations in teaching methods. It facilitates establishing a neutral grading system and feedback mechanism for students and teachers. It effectively maintains a structured database for future usage by identifying relevant and meaningful patterns among the rich content of information.
Integration of AI software tools
The K-12 education segment (i.e., primary and secondary education) represented a 30% share in the AI in education market in 2020. The integration of AI in the education sector has shifted focus towards identifying problem-solving and critical thinking capabilities of students and motivating them for higher education and career selection as per their interests. AI software tools are designed to sense students’ requirements at different learning stages and plan study courses for students as per their strengths, weaknesses, and interests.
Preference for cloud-based services
The AI in education industry share from cloud deployment is anticipated to grow at a circa 50% CAGR through 2027. The adoption of cloud-based services among educational institutions has significantly reduced their cost of ownership and allowed them to invest in developing the necessary infrastructure for quality and advanced educational systems. The demand for cloud-based services is growing constantly among schools and universities to enhance educational experiences for students.
High access to AI capabilities across Europe institutions
The European AI in education industry share was over 15% of the global market in 2020. Rapid digitalization of the education sector, robust IT & technology infrastructure, and surging expenditure toward the implementation of sophisticated technologies, such as IoT, AI, ML, Bigdata, and others, are some factors driving the business growth in Europe. Internet access in the European region was approximately 91% in 2020. The high internet penetration, as well as the growing acceptance of modern technologies, complements the deployment of AI in the education sector across Europe..
Prominent AI in education companies are emphasizing collaboration with various government institutions to introduce advanced learning platforms and gain an upper hand in the global competitive landscape. For example, in India, the Central Board of Secondary Education (CBSE) in March 2021, joined hands with Intel to introduce an AI-based learning platform, named AI Students Community (AISC). The purpose of this platform is to bring together the students of both CBSE and non-CBSE schools to provide educational learning from Intel and AI-certified experts.
The introduction of an intelligent tutoring system (ITS), along with other online learning platforms, has drastically improved the learning styles of students by offering personalized tutoring and quality education to students.
This article was originally published on EE Times Europe.
Naman Srivastava is content writer at market research firm Global Market Insights.