AI in Education Market to grow at 45% CAGR from 2018 – 2024 Artificial Intelligence (AI) in Education Market | Page 2

AI assists in improving the quality of education by addressing the learning challenges
faced in the past including planning, reasoning, language processing, and cognitive
modeling. Various benefits offered by the acceptance of AI in education sector
include tutoring grading, immediate feedback on course quality, personalization in
education, and instant feedback to students. The aim of AI is to be a virtual facilitator
for the learning domain and to create virtual human-like qualities, who can think,
react, act, and interact in a natural way using verbal and non-verbal communication.
The domain model in AI in education market is estimated to grow at a substantial
rate with over 50% CAGR during the forecast period. The domain model represents
the knowledge of the subject, expertise, and the relationship between different parts
of the subject matter. It assists in improving the domain-specific knowledge,
especially in areas of science, technology, math, and engineering. The AI in
education systems usually gathers a huge amount of student data, which is
computed to enhance the domain model. This helps in offering more personalized
and efficient support while refining and testing their understanding of the process of
learning and teaching.
The deep learning model for AI in education market is anticipated to grow at a CAGR
of 52% during the forecast timespan. The technology helps in protecting the teaching
profession with tasks such as developing soft skills amongst students, cultivating
pupils, and assisting them to train students and motivate them for better education.
They offer collaborative learning methodology between teachers, students, and a
wider environment with strong social and team-related skills. The advent of
technology has hindered deep learning in schools.
U.S. Artificial Intelligence in Education Market Share, By End-Use, 2017 (USD Million)
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