The burgeoning requirement for artificial intelligence (AI)-supported personalized education solutions is one of the major factors driving the demand for the adoption of AI-based technologies in the education sector across the globe. Personalized learning solutions enable teachers and educators to gain a deeper understanding of students and their interests, academic goals, and educational background, which, in turn, assists in developing a customized educational experience. Moreover, these solutions help students design courses as per their needs and obtain feedback on their progress and performance throughout the course.
For example, Course Wizard, which is an AI-powered language learning platform developed by Lingvist Technologies OU, helps users customize and create courses based on their fields of interest, hobbies, and career goals, by speaking or typing keywords. By leveraging machine learning (ML) algorithms, the platform determines the words or phrases that the user is familiar with and the ones that need more practice. Besides, the surging demand for automating administrative tasks is also predicted to fuel the global AI in education market at a CAGR of 32.9% between 2020 and 2030 (forecast period).
Geographically, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the AI in education market in the coming years. This is credited to the rapid transformation in the education industry, growing need for smart learning, and surging investments being made in the EdTech field in regional countries, such as India and China. Moreover, the startups based in the region are getting ample opportunities for growth and actively focusing on developing interactive learning platforms, which is also fueling the demand for AI-based learning solutions.
Hence, the demand for the incorporation of AI-based solutions in the education sector will soar in the coming years, mainly because of the rising digitization of operations, growing internet penetration, and burgeoning need for improved and customized learning models across the world.