Internet of Things in Education Market by Component, Application, End-use

Description

List of Tables

The Internet of Things in Education Market was valued at USD 5.23 billion in 2023, expected to reach USD 5.87 billion in 2024, and is projected to grow at a CAGR of 13.18%, to USD 12.45 billion by 2030.

The Internet of Things (IoT) in education entails the integration of interconnected devices and systems into learning environments to enhance educational outcomes. This connectivity facilitates data exchange between educational tools, systems, and human users, modernizing traditional learning paradigms and providing personalized learning experiences. IoT in education extends its necessity by improving operational efficiencies in schools, enabling remote learning, and fostering collaborative environments. Applications include smart classrooms, connected resources, data-driven curriculums, and performance analytics. Its end-use covers K-12 institutions, higher education, and corporate training programs, offering tools such as smart boards, RFID attendance systems, and adaptive learning platforms.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.23 billion
Estimated Year [2024]	USD 5.87 billion
Forecast Year [2030]	USD 12.45 billion
CAGR (%)	13.18%

Key factors propelling market growth include the increased adoption of e-learning tools, the demand for affordable and scalable education systems, and government initiatives supporting digital education transformation. Acceleration in cloud computing, broadband penetration, and emergent technologies like AI and VR are unlocking new opportunities. However, market growth is challenged by privacy concerns, the digital divide, and high infrastructure costs, which could impede widespread adoption in low-budget sectors.

Despite these challenges, significant potential lies in the integration of AI with IoT to create more adaptive learning environments and the development of low-cost IoT-enabled educational kits. Innovation opportunities exist in creating secure IoT networks to protect student data, developing IoT-based personalized learning solutions, and expanding IoT ecosystems to rural and underserved areas through public-private partnerships. Businesses should focus on data security, cost reduction, and creating adaptable systems catering to diverse educational needs. The education IoT market is largely transformational, necessitating constant adaptation and responsiveness to technological advancements, ensuring that IoT's expansive potential is sufficiently leveraged to foster significant educational and operational improvements.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Internet of Things in Education Market

The Internet of Things in Education Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing demand for smart boards in education sector
- Significant applications of IoT in automated attendance recording
- Rising emphasis on safety in educational premises and adoption of IoT security cameras
Market Restraints
- High costs associated with agriculture IoT solutions
Market Opportunities
- Technological advancements and rising investments in IoT
- Emerging applications of AR equipped systems in educational services
Market Challenges
- Data security risks associated with IoT technologies

Porter's Five Forces: A Strategic Tool for Navigating the Internet of Things in Education Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Internet of Things in Education Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Internet of Things in Education Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Internet of Things in Education Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Internet of Things in Education Market

A detailed market share analysis in the Internet of Things in Education Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Internet of Things in Education Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Internet of Things in Education Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Internet of Things in Education Market

A strategic analysis of the Internet of Things in Education Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Internet of Things in Education Market, highlighting leading vendors and their innovative profiles. These include Acer Inc., Arduino S.r.l., Bevywise Networks, C-Pen by Virrata AB, Cisco Systems, Inc., Dell Technologies, Inc., Educomp Solutions Ltd., Edutech India, EZ-Robot, Honeywell International Inc., Huawei Technologies Co., Ltd., Integra Sources, Intel Corporation, International Business Machines Corporation, Intuz, Kajeet Inc., Lightspeed Solutions, LLC, NetDragon Websoft Holdings Limited, Q3 technologies, Inc., Redway Networks Ltd., Sam Labs Ltd., SAS Institute Inc., Scanmarker by Topscan Ltd., Siemens AG, and T-Mobile USA, Inc..

Market Segmentation & Coverage

This research report categorizes the Internet of Things in Education Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Displays, Interactive Whiteboards, and Security & Video Cameras. The Services is further studied across Deployment & Integration, Support & Maintenance, and Training & Consulting.
Based on Application, market is studied across Administration Management, Classroom Management, Learning Management, and Surveillance.
Based on End-use, market is studied across Academic Institutions and Corporate.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-F6513A06BF0D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for smart boards in education sector
  - 5.1.1.2. Significant applications of IoT in automated attendance recording
  - 5.1.1.3. Rising emphasis on safety in educational premises and adoption of IoT security cameras
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with agriculture IoT solutions
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements and rising investments in IoT
  - 5.1.3.2. Emerging applications of AR equipped systems in educational services
- 5.1.4. Challenges
  - 5.1.4.1. Data security risks associated with IoT technologies
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Internet of Things in Education Market, by Component

6.1. Introduction
6.2. Hardware
- 6.2.1. Displays
- 6.2.2. Interactive Whiteboards
- 6.2.3. Security & Video Cameras
6.3. Services
- 6.3.1. Deployment & Integration
- 6.3.2. Support & Maintenance
- 6.3.3. Training & Consulting
6.4. Software

7. Internet of Things in Education Market, by Application

7.1. Introduction
7.2. Administration Management
7.3. Classroom Management
7.4. Learning Management
7.5. Surveillance

8. Internet of Things in Education Market, by End-use

8.1. Introduction
8.2. Academic Institutions
8.3. Corporate

9. Americas Internet of Things in Education Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Internet of Things in Education Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Internet of Things in Education Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Acer Inc.
2. Arduino S.r.l.
3. Bevywise Networks
4. C-Pen by Virrata AB
5. Cisco Systems, Inc.
6. Dell Technologies, Inc.
7. Educomp Solutions Ltd.
8. Edutech India
9. EZ-Robot
10. Honeywell International Inc.
11. Huawei Technologies Co., Ltd.
12. Integra Sources
13. Intel Corporation
14. International Business Machines Corporation
15. Intuz
16. Kajeet Inc.
17. Lightspeed Solutions, LLC
18. NetDragon Websoft Holdings Limited
19. Q3 technologies, Inc.
20. Redway Networks Ltd.
21. Sam Labs Ltd.
22. SAS Institute Inc.
23. Scanmarker by Topscan Ltd.
24. Siemens AG
25. T-Mobile USA, Inc.