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Insights Into the $25+ Billion AI in Education Market Rising Demand for Personalized Education Based on AI

prnewswire | April 08, 2020

The "AI in Education Market Research Report: By Component, Deployment, Technology, Application, End Use - Global Industry Size, Share, Trends, Forecast to 2030" report has been added to Research And Markets.com's offering. The focus on digitization and e-learning is increasing rapidly in order to enhance the quality of education that is provided. Ascribed to this, the concept of conversational learning is also becoming an important aspect of education around the globe. According to the report, in 2019, the global AI in education market reached $1.1 billion and is predicted to generate $25.7 billion in 2030, advancing at a 32.9% CAGR during the forecast period (2020-2030). The two components in the domain are service and solution, between which, the larger demand was created for AI solutions during 2014-2019. Hardware and software tools & platforms are the two major AI in education solutions.

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A Brief History of Distance Education

Did you know that the history of distance education and learning dates back to the 19th century when correspondence courses were offered through the mail? Since then, institutions have made industry-changing strides in the world of distance education. In fact, Drexel University is among them! We’re proud to have offered one of the very first fully online degree programs in the country.

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