Like any other industry, artificial intelligence is known to transform the educational sector. There are million-dollar ed-tech startups that have started using AI in their business operations.
The Global market for higher education was valued at 506.54 billion dollars in 2022 and is anticipated to grow in revenue to 860.11 billion dollars by 2030. It is exhibiting a CAGR of 7.03% from 2023 to 2030. With artificial intelligence exploding and a market of this size, imagine the growth that these two combined can have. From improving learning models to the use of AI for teaching, note-making, and even examinations, the education industry will undoubtedly revolutionize with the use of tech and AI.
Along with this are a lot of benefits and risks associated, which will determine the future of artificial intelligence for the education industry. It also depends on the final target audience which is the parents and students of how much acceptance they have for this technology. But one thing is sure in the next decade, artificial intelligence will improve the education sector and redefine the traditional ways of knowledge transfer.
