The Artificial Intelligence (AI) in education market is expected to grow at a CAGR of 47.0%
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Jun 07, 2018, 15:37 ET
NEW YORK, June 7, 2018 /PRNewswire/ -- The Artificial Intelligence (AI) in education market is expected to grow at a CAGR of 47.0% during the forecast period.
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https://www.reportlinker.com/p05391636MarketsandMarkets forecasts the global AI in education market to grow from USD 537.3 million in 2018 to USD 3,683.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 47.0% during the forecast period. The increasing adoption of the AI technology for various applications in the education sector and growing need for multilingual translators integrated with the AI technology to enhance teachers' and students' experience and improve their knowledge are expected to drive the growth of the AI in education market. Whereas the slow digitization rate is affecting the adoption of the AI technology in the emerging countries. This factor is expected to act as a restraint for the growth of the market.
https://www.prnewswire.com/news-releases/the-artificial-intelligence-ai-in-education-market-is-expected-to-grow-at-a-cagr-of-47-0-300661982.html
