Global AI market is growing rapidly in the education sector

Pune (India) | The Indian market researcher “MarketsandMarkets” forecasts average growth of 47.0 % per year in the period 2018 to 2023 in its current 151-page analysis “AI in Education Market”. This would lead to an increase in the market value from 373.1 million US dollars in 2017 to 3683.5 million US dollars at the end of 2023, also based on calculations by MarketsandMarkets. As an interim balance for the growth from the end of 2017 to the end of 2018, MarketsandMarkets, in its most recent update of the analysis, already points to a noted growth of about 44%, which was associated with an increase in the market value to 537.3 million US dollars.

KI-based learning, according to MarketsandMarkets, takes place in various forms and will be increasingly offered by educational institutions and specialist publishers in the future. In concrete terms, this could be adaptive and immersive learning aimed at personalised learning. MarketsandMarkets is certain that AI-based training will gain in relevance especially for in-company education. In regional terms, North America is the largest market, with the Asia-Pacific region growing at an even higher rate.

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