The five-year compound annual growth rate (CAGR) for the global AI-based Learning market is a robust 28.4% and revenues will reach nearly $4 billion by 2024. There is now rapid adoption in all six buying segments tracked by Metaari. The demand is high, the barriers-to-entry are dropping dramatically for developers, and startups are coming on the market at a rapid rate.
Over the last three years, an average of 300 AI-based Learning startups launched every year. A massive amount private investment funding is flowing into these startups. Consolidation is underway with the major learning companies acquiring AI-based Learning startups at a steady rate. These trends have accelerated in 2019.