The Global IoT in Education Market to Grow at 19.31% CAGR during 2021-2028 period, E-Learning and Cloud Solutions to Drive Growth

The global IoT in education market remains a promising prospect as rapid adoption of e-learning, and cost-saving opportunities in cloud adoption are quickly realized. The global IoT in education market reached a notable valuation of USD 4.8 billion in 2018, and will likely grow at 19.31% CAGR during 2021-2028 period. The growing demand for e-learning solutions due to the worldwide pandemic, and increasing efficacy of online courses for higher education remains a major promise for growth in the global IoT in education market.

The global IoT in education market remains an innovative, and competitive landscape, thanks to growing diversity in product offerings in hardware, and software solutions, and services. Moreover, the large scope of opportunity in network management, application management, security management, and content management also remains a promising prospect for new players in the global IoT in education market. Some key players in the global IoT in education market are Alphabet Inc, Amazon Web Services, Oracle, Cisco, Huawei, Unit 4, Microsoft, Intel, and SAP. The cost of development, and lack of skilled resources remain a major concern for growth in the global IoT in education market.

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Market segment by Type, covers

Hardware

Solutions & Services

Market segment by Application, can be divided into

Academic Institutions

Corporates

Market segment by players, this report covers

Google (US)

Amazon Web Services (US)

IBM (US)

Microsoft (US)

Oracle (US)

Intel (US)

Cisco (US)

SAP (Germany)

Huawei (China)

Arm (UK)

Unit4 (Netherlands)

Samsung (South Korea)

Market segment by regions, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

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The Covid-19 Impact Will Likely Linger to Drive New Opportunities

Covid-19 has been a major boon for the IoT in education market. The pandemic has pushed many education institutes, and students from their comfort zone in traditional classroom-based model to deploy technology to learn new. The pandemic has resulted in millions buying new notebooks, laptops to work from home, or engage in e-learning. However, the question remains whether this impact will continue in the long run. Growing studies support the notion that this pandemic will help students, and education find a balance between online learning, and classroom learning. Both these forms provide tremendous advantages to stakeholders, as well as myriad of challenges. For example, the online systems are still plagued with lack of quality teachers who can communicate their knowledge using advanced tools, and remain effective as educators. Furthermore, the online education system has provided educators the opportunity to engage students in one-on-learning along with the ability to patent their teaching material to cater to millions around the world. The growing emergence of the online model will prove to be a major opportunity for players in the global IoT in education space in the long run, as stakeholders experience the online module for the first time in generations.

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