AI Market to Grow 47.5% Over Next Four Years
The artificial intelligence (AI) market in the United States education sector is expected to grow at a compound annual growth rate of 47.5 percent during the period 2017-2021, according to a new report by market research firm Research and Markets.
The report, “Artificial Intelligence Market in the U.S. Education Sector 2017-2021,” was prepared based on an in-depth market analysis with inputs from industry experts, Research and Markets said in a news release. The report covers the market its growth prospects from this year through 2021. To calculate the market size, the report considered the revenue generated through sales of AI software-based products and complementary services to customers in the education market.
The report also includes a discussion of the key vendors operating in this market. Some of the key vendors are:
Other prominent vendors include:
One trend in the market is artificial intelligence-empowered educational games. These games provide teachers a useful medium to teach educational concepts in an interactive and engaging manner. Such a method not only generates curiosity but also motivates through reward points, badgers and levels. Vendors are incorporating features of artificial intelligence in games to enhance the interactivity element.
These games embody the adaptive learning feature so that students can be given frequent and timely suggestions for a guided learning experience. These games improvise adaptive learning features while deploying machine learning, a form of artificial intelligence.
Another trend is the increase of artificial intelligence services through mobile devices, the report said.
The cost of the report for a single user is $3,500, which includes one hour of an analyst’s time to review the report.
For more information, visit Research and Market’s website.
About the Author
Richard Chang is associate editor of THE Journal. He can be reached at [email protected].