The global IoT in education market size is expected to reach USD 25.42 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for advanced eLearning among educational institutes, which enables students to work at their own pace through the curriculum. This enhances learning experience and the course-completion rate helps in better student assessment. Instructors can collect data on student performance with the help of cloud technology, and IoT in the education sector allows teachers to share and collaborate information and feedback with each other. Increasing investment by educational institutes for obtaining efficient network for data transmissions, data storage, and data analysis to enhance the e-learning ecosystem is expected to boost growth of IoT in the education sector.
The Global IoT in Education Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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Competition in the IoT in Education Market
The IoT in Education Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: The report also discusses the key players involved in the market such as IBM, Cisco Systems, Inc., Intel Corporation, Google, Amazon Web Services (AWS), Oracle Corporation, Microsoft Corporation, Huawei Technologies Co., Ltd., Samsung, and SAP SE.
Some Key Highlights From Report :
In October 2020, Tech giant Microsoft partnered with AICTE to empower learners and educators in new-age technologies, including AI, IoT, data science, and cloud computing technologies. The collaboration will also provide educators access to online learning paths and instructor-led training material through the Microsoft Learn for Educators platform.
Hardware segment accounted for largest revenue share in 2020. Educational institutions are embracing technology for schools more readily and increasing adoption of interactive whiteboards, smart pens, and tablets to enhance the distribution of learning material.
Classroom management segment revenue is expected to expand at a rapid CAGR during the forecast period. IoT solutions improve class management and learning protocols with the help of smart technologies, which are available in a classroom.
Academic institutions segment accounted for a significantly high revenue share in the IoT in education market in 2020. Rising usage of smart classes, robotics, 24×7 connectivity, Wi-Fi coverage to multi-device support by academic institutions are driving adoption of IoT in the education sector.
North America accounted for largest revenue share contribution to the global IoT in education market in 2020. Rising need to achieve increased energy efficiency and reduced operating costs by educational institutions is increasing adoption of IoT in the education sector in countries in the region.
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The IoT in Education Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global IoT in Education Market . The report offers in-depth research and assessment of the key elements of the global IoT in Education Market . The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the IoT in Education Market .
Emergen Research has segmented the global IoT in Education market on the basis of component, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Service
Solution
Application Outlook (Revenue, USD Billion; 2018–2028)
Administration Management
Learning Management System
Classroom Management
Surveillance
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Academic Institutions
Corporate
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Why should you buy this IoT in Education Market report?
- The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
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- It examines each submarket in terms of a single improvement design and its contribution to the market.
- It examines the recent developments, such as advancements, business strategies, new product releases, and acquisitions.
- It purposefully profiles the major market players and thoroughly investigates their advancement strategies.
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