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As of the report’s publication in October 2023, Bangladesh boasted 53 public universities and 110 private universities, engaging in academic activities across 100 institutions. The total student population in these universities, including affiliated colleges and madrasas, stood at 4,756,747.

The global artificial intelligence market in the education sector is experiencing substantial growth, primarily driven by the escalating adoption of AI for personalized learning pathways. A key factor contributing to this growth is the integration of innovative chatbot technology.

Over the next five years, the education sector is poised for a transformative leap, fueled by artificial intelligence, according to Technavio. With a projected net increase of $1,100.07 million by 2027, AI in the education market is setting the stage for revolutionary changes.

The report added that the market growth is expected to continue significantly through 2029. It added that the growth of the edtech market can be attributed to the increased demand for applications in Kindergarten, K-12, and Higher Education globally.

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