Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Their main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Their industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development. Market Insights publishes over 200 industry research reports, providing data points mentioned below:
- Industry Research
- Market Sizing & Forecast
- Competitive Intelligence
- Market Entry Strategy
- Pricing Trends
- Sustainability Trends
- Customer Insights
- Technology Evolution
- Innovation Trends
- Distribution Channel Assessment
I wanted to focus on one of their recent reports on AI in the Education Market publication and especially the image highlighted below from the report. I find it interesting that while some countries in North America and Europe have the resources for growth in adoption of AI powered educational games, rise of AI services via mobile devices, implementation of collaborative learning model, and the facilitation of the improved course designing activities that afford new opportunities in the market, the countries on the right below, would struggle to keep up. This is where AI in the education market would be segmented and open a digital AI divide on the basis of end user, educational model, application, and geography. While enterprise resource planning and learning management system (LMS) in developed countries such as the U.S. UK and China offer ample opportunities for market growth, it would not be a level playing field for the rest of the world. AI in every field is developing rapidly and we are playing catch up to harnessing the perfect blend of AI pedagogy software with current hardware. Maybe in 5 years?
I like that Global Market Insights provides rigorous research to institutions particularly focusing on sustainability. The focus on AI in the Education Market is important as AI is becoming such a big part of the professional space. Whether it will become a large part of higher educational institutions remains to be seen but it is certainly a big part of private sector training. I would definitely like to see future updates of this report on AI in education as things continue to evolve, and I would be interested to see more of the research on the pros and cons of the use of AI in different educational contexts.
AI is now an integrated aspect of daily education practices around the world, and so it requires the full attention of anyone involved in education — particularly those directly involved in policy-making, purchasing, and training.
How, and how much, is this Market Projection useful and valuable to the the broader community of educators, as well as learning technologies specialists and venturers?
Thank you @lukebp for sharing your review of Global Markets Insight’s (GMI) report on AI in education from 2021. Their updated, free-to-access summary of their report (AI in Education Market Size) highlights where AI will continue to take root and grow in the global education marketplace, well into the year 2032. The updated report offers additional insights into various specific applications for AI in education, the names of current key corporations involved in the sector, while reiterating that some areas of the world do/will not experience the same level of growth in their education markets, which is due — in my opinion — to a lack of buying power, market access, and dated infrastructure.
The projection is useful to educators and those that buy for them, in that it can shape their consideration (perhaps even awareness) of future needs. If done somewhat systematically, it could possibly help to better inform their purchasing polices and visions for AI in education. It is especially useful for learning technology specialists and venturers, who can use this report to inform potential projects and training.
That said, the projection offered by GMI is clearly corporate and profit driven. Considering the impact of AI technology on educational systems and individual participants needs to be included in order for a market projection in an education marketplace to be ethical. Many teachers feel the need for adequate training and ethical integration in their practice. This must be factored into the quantitative data of trends, market size, and shares. The product has to add pedagogical value to endusers — teachers and students — uplifting communities, increasing their access to online learning.
While EdTech Magazine (https://edtechmagazine.com/k12/article/2024/09/ai-education-2024-educators-express-mixed-feelings-technologys-future-perfcon) and Forbes (https://www.forbes.com/sites/nishatalagala/2023/09/29/how-chatgpt-is-changing-educationguidance-from-unesco-and-openai/) may not offer a market projection on AI in education with the same level of investment insight for profit as GMI, as an educator I am grateful for this. I appreciate how both EdTEch and Forbes pay attention to the expressed needs and interests of teachers, offering these concerns to readers as well as the celebrations for potential learning and profit. I especially enjoyed how the Forbes’ article made explicit reference to UNESCO’s ongoing commitment to guiding the ethical use of AI in education and research. As an educator, I found this lent these ‘projections’ an air of credibility and a sense of humanity that GMI was lacking.
Do you expect to seek out future versions of this report to help drive your own professional success, and also to recommend it to others in this regard?
I do, but with some caveats.
As someone who lives in a capitalistic society that wishes to use a portion of my income to provide a legacy for my family and prepare for some level of comfort in retirement, there is value in a report like GMI’s. When guided by a report such as this, an individual educator like myself could more effectively inform their decision making when selecting where to invest their personal finances to effect change. On an individual level, one could (attempt to) invest in companies where one sees convergence — between their values as an educator and their values as an investor. Groups of like-minded educators could also organize themselves and investor funds could be created and shaped to support their investor goals.
As an educator, this projection outlines the direction AI is headed. Increased access to learning and workflow efficiency have created a need and competition has stimulated innovation, evidenced in the emergence of more and more AI tools in education. Understanding the success of current applications and the potential of others would help educators remain relevant in a rapidly changing field while also helping identify areas of need for training and professional development.