Global Internet-of-Things (IoT) in Education Market 2023-2030

Title: Global IoT in Education Market Size, Share & Trends Analysis Report by Component (Solutions, Software & Services, and Hardware), by Application (Learning Management System, Classroom management, Administration Management Surveillance, and Others), and by End-Users (Academic Institutions, Corporates and Others)Forecast Period (2023-2030).

The global IoT in education market is anticipated to grow at a CAGR of 14.7% during the Forecast Period (2023-2030). IoT in education looks promising since technology continues to evolve and become more accessible. With its help, educators will be better equipped to ensure students receive the best education. The growing adoption of IoT-based conferences, classrooms, and online tutorials coupled with the improving network is the key factor supporting the growth of the market globally. IoT in schools implies a better-connected and more collaborative future for education. An educational cloud was used as a support tool through which tracking and control actions were implemented both internally, between the cloud and entities, and externally, between the cloud and the IoT. Hence, the market players are also focusing on introducing cloud-based IoT solutions in education that will further bolster the market growth. For instance, in July 2021, IBM Corp. launched The "IBM Cloud for Education" solution to help with academic computing, classroom instruction, and various faculty and student learning requirements. Such launches will boost the installation of application management solutions by enhancing the performance of the educational sector.

Segmental Outlook

The global IoT in education market is segmented on the component, application, and end users. Based on the component, the market is sub-segmented into solutions, services, software and hardware. Based on the application, the market is sub-segmented into learning management systems, classroom management, administration management surveillance and others. Further, on the basis of end users, the market is sub-segmented into academic institutions, corporates and others. Among the end users, the academic institutions sub-segment is anticipated to hold a considerable share of the market owing to the rise in IoT devices in the learning-teaching-assessment process for the benefit of students and teachers, among which smart boards, tablets, audio and video recording devices.

The Solutions Sub-Segment is Anticipated to Hold a Considerable Share of the Global IoT in Education Market

Among the components, the solutions sub-segment is expected to hold a considerable share of the global IoT in the education market. The segmental growth is attributed to the growing adoption of cloud technologies in the intelligent information-processing systems of the future has become an important goal for education. Modern technologies for information-processing systems could have a major impact in terms of increasing the efficiency and availability of information-processing systems, implicitly leading to increased equipment efficiency and increased overall value. The aim of introducing intelligent information processing is to reduce costs, processing and delivery times, etc. The use of the Government & Education Data Cloud figures to make its data operations even more efficient, further benefit the university's students, faculty and administration. For instance, in June 2023, Snowflake launched Government & Education Data Cloud for higher education institutions to break down isolated data repositories so that they can better share data and collaborate, establish a complete view of their data, monitor fraud and abuse, and take advantage of the data work done by other organizations in Snowflake's partner ecosystem.

Regional Outlook

The global IoT in education market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the expansion of IoT in every industry, particularly education, which has been facilitated by the increased use of the internet globally. The key market players include Construkts Inc., Hitachi Vantara LLC, Intel Corp., Microsoft Corp., Oracle Corp., Rapidsoft Technologies Pvt. Ltd., and others.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global IoT in Education Market

Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the growing presence of reputed IT companies across the region which is directly triggering a rise in IoT connectivity. The concept of remote learning is also gaining popularity in several Asian countries such as India, Japan, China, and others. Furthermore, internet penetration is increasing in schools and colleges as well, thereby fueling the usage of connected devices among students. Educational experts and school administrators are focusing on deploying IoT technologies in many areas of education to boost the IoT in education market.

Some of the major companies involved in the IoT in education market include SAP SE, IBM Corporation, Rapidsoft Technologies Pvt. Ltd., Hitachi Vantara, and Cisco Systems. These firms are using various strategies, including business expansions and novel product launches to extend their portfolios and improve their market footprint. For example, in October 2022, Intel partnered with India's NITI Aayog and CBSE to unveil a program that combines IoT and AI in the school curriculum of classes VI to X. This program will enhance students' learning outcomes and consequently create significant opportunities for the industry growth.

Market Players Outlook

The major companies serving the global IoT in education market include: Adobe Inc., Google LLC., Honeywell International Inc., Intel Corp., Microsoft Corp., Robert Bosch GmbH, SAP SE, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Solvay SA and UNESCO collaboratively launched a STEM education program. The partnerships among the companies is for 3 years which aims at engaging high schoolers and graduate students from India, Indonesia, and South Korea. Further, the partnership is also focused on emerging environmental issues, introduction to the IoT, hands-on pedagogical activities, data science, and digital literacy.

The Report Covers:

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global IoT in education market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.