Global IoT in Education Market - 2021-2028

Global IoT in Education Market - 2021-2028

Market Overview

The global IoT in education market size was worth US$ XX million in 2020 and is estimated to record significant growth by reaching up to US$ XX million by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).

The internet of things (IoT) is a network of interconnected embedded sensors that allows users to transfer data from one device to another remotely. The internet of things (IoT) in education uses technology advances in the field of education and teaching. The IoT application is focused on e-learning platforms and solutions that include visual and reference aids. IoT also aids in the proper evaluation of persons and students, assisting teachers in their evaluation and students in improving their performance.

Furthermore, institutions can track daily operations such as time and attendance, performance management and learning management by implementing IoT solutions in the education sector. Some of the major IoT players in the education market include Samsung Electronics Co. Ltd, SAP SE and SMART Technologies.

IoT devices include smart buildings technology, including thermostats, doorbells, smart lighting, locks and speakers. Once these devices are installed, they can be connected and controlled centrally using computers, cell phones and tablets.

Market Dynamics

The growing number of IoT-connected devices is raising the prevalence of IoT-connected devices in the education sector. The growing adoption of cloud-based applications and device connectivity to offer a smarter user experience and increase operational efficiency is projected to add value to the growing market of IoT devices in the educational sector.

The growing number of IoT-connected devices is raising the prevalence of IoT-connected devices in the education sector.

With 1.3 million subscriptions expected by 2023, the Internet of Things will likely boost 5G technology. With a market share of 48 percent by 2022, Google Home will be the most popular IoT gadget during the forecast period. The average number of connected devices per household in 2020 was 10. As per the reports, nearly 35 million IoT devices will be installed globally by 2021. In 2021, there will be 46 million linked gadgets.

The tremendously improving% of IoT technology globally has also accelerated the market share for the technology in the education sector. The internet has deeply rooted itself in schools and e-learning has become common practice in American schools. In addition, the applications of the IoT in education are numerous and the implications for this disruption are tremendous.

For instance, ClassDojo, an education app accessible on the App Store and Google Play, allows parents to view student work via images and videos. Class Dojo is used in 95% of all K-8 schools in U.S. and 180 countries and messages can be automatically translated into 35 languages.

The growing adoption of cloud-based applications and device connectivity to offer a smarter user experience and increase operational efficiency is projected to add value to the growing market of IoT devices in the educational sector.

The IoT and cloud computing technologies provide different solutions for both research and learning in the education system. The integration of cloud-based computing technology with IoT leads to various advantages to the education system as users can control and access data via the Internet with cloud computing.

Students, instructors, administrative personnel, examination branch and admission branch are the primary users of a typical higher education cloud. The cloud is connected to all of the institution's key users. For each user's specific work, a separate login is provided. Teachers can upload class tutorials, assignments and tests to a cloud server. Students will be able to access all of the teaching materials provided by the teachers through the Internet using computers and other electronic devices at home and at school, 24 hours a day, seven days a week.

Furthermore, on the other hand, cloud computing can profit from the internet of things by expanding its reach to deal with things in the real world in a more distributed and dynamic manner and deliver new services in a wide range of real-life scenarios. The four pillars of IoT necessitate an education system that prepares a new generation of digital citizens to understand the technology that underpins IoT, the societal implications of widespread adoption and the proper application of the data acquired.

Thus the mentioned combinational advantages of cloud computing and IoT education are more likely to accelerate the market share for the technology in the forecast period.

Inefficient data protection and security issues of IoT technology are challenging the market's growth in recent times.

Insufficient data security (communication and storage), insecure connections and data storage are the most common causes of data security concerns in IoT applications. Compromised devices can access personal data, which is one of the major challenges for IoT privacy and security. Furthermore, cybersecurity can be a major issue in open environments like those created by higher education organizations.

Many organizations find it challenging to establish proper cybersecurity policies while teaching and sharing knowledge with anybody who may require it. Thus, although IoT-related security risks are not unique to the education industry, as a result, educational institutions must begin teaching cybersecurity as by practice rather than a best practice to overcome the challenges faced by the IoT technology in the education sector.

COVID-19 Impact Analysis

The COVID-19 pandemic has presented several challenges and changed lives, affecting health, economy and social interactions and altering the educational system globally. Lockdowns and social segregation have forced educators and students to create new ways to communicate, engage and study via the Internet, creating opportunities for IoT in education due to increasing e-learning practices across the globe.

Furthermore, the learning process was not disrupted despite the physical shutdown of educational institutions globally in the spring of 2020 due to the COVID-19 pandemic. Learning management systems and digital technologies for online collaboration meant that educational activities were carried out at a safe distance and in a consistent manner. However, the quick move to remote learning in an electronic environment has produced several obstacles in higher education.

The spread of COVID-19 proved to be a further stimulus for Bulgaria's higher education transformation. For example, before the pandemic, only 16 out of 51 (31.4%) Bulgarian institutions promoted distance learning, however during the pandemic, all universities (100%) moved to remote teaching and examining in a digital environment within a short period.

Segment Analysis

The global IoT in the education market is segmented based on components, hardware, application, end-users and region.

Classroom management holds a dominating share in the IoT in the education market. It improves learning protocols and management with the help of smart technologies available in a classroom very efficiently.

The global IoT in the education market based on application is segmented into learning management systems, classroom management, surveillance, administration management, etc. Out of the two segments, classroom management holds a dominating share in the IoT in the education market. One of the most important uses for IoT in the education business is classroom management.

The use of smart technologies in the classroom improves learning procedures and administration. It also enables content production tools, collaborative groups and unified content integration to be simplified. Organizations focus on deploying technology to facilitate social and collaborative learning, based on research indicating that social and group learning is more effective.

Course sharing, emails and discussion groups are all made easier with the collaboration function in classes, making learning more interesting and pleasurable, accelerating the segment's market share.

Geographical Analysis

Rapid digitalization across industry verticals, growing acceptance of smart connected devices and technological breakthroughs contribute to IoT in education's growth in North America.

North America is expected to have the highest share of the market during the forecast period. Since it is a technologically advanced region, it is one of the greatest contributors to the IoT space. Furthermore, North America's startup culture is expanding, which has created immense opportunities for the growing firms to uplift the technology's market share.

Rapid digitalization across industry verticals, growing acceptance of smart connected devices and technological breakthroughs will contribute to IoT in education's growth in North America in the forecast period. Furthermore, educational institutions in the region are adopting audio enhancers, Wi-Fi-clock, emergency indicators and hearing-impaired notification to enhance the security system at the education institution.

Growing needs to achieve increased energy efficiency and reduced operating costs across various educational institutions further increase the adoption of IoT in the education sector.

Competitive Landscape

The IoT in education market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include Unit4, SAMSUNG, LearnZillion, Intel Corporation, Google, Amazon Web Services Inc., IBM Corporation, Microsoft, Oracle, Cisco, SAP SE, Certica Solutions, Examity Inc., Knowre, AltSchool, Quad Learning Inc., Huawei Technologies Co. Ltd., Arm Limited, Galvanize Inc. and littleBits Electronics Inc and among others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the IoT in the education market globally.

For instance, in August 2020, IBM collaborates with National Skill Development Corporation (NSDC) to offer 'Open P-TECH,' a free digital education platform focused on emerging technologies and professional development skills.

CISCO SYSTEMS INC.

Overview: Cisco systems Inc. provide its services in transportation, cities and communities, energy, education, government, healthcare, manufacturing, retail, financial services, sports and entertainment sector. The company has segmented its products, solutions and services into five categories: technology, products by business type, solutions, services resources and end-of-life info.

The cloud services are provided under the solutions segment. The company provides services in North America, Africa, Asia-Pacific, Europe, Latin America and the Middle East and has sales offices in more than 95 countries.

Product Portfolio: The company has a product portfolio of IoT in education that includes:

Webex classroom: Cisco Webex Classrooms is designed to offer a classroom structure for teachers and students to organize sessions, review syllabuses, schedule and launch classes. Webex Classrooms and Webex Meetings work together to provide hybrid learning solutions and simple video conferencing.

Key Development

For instance, on September 09, 2020, Cisco launched a new platform, the Webex Classrooms, to enable schools to conduct online classes. The platform is designed to connect parents and students to teachers and peers.

Why Purchase the Report?

Visualize the global IoT in education market segmentation by component, hardware, application, end-users, highlighting key commercial assets and players.

Identify commercial opportunities in the global IoT in the education market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of global IoT in education market-level 4/5 segmentation.

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The global IoT in education market report would provide approximately 69 market data tables, 65 figures and 180 pages.

Target Audience 2022

Service Providers/ Buyers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Logistics companies

Distributors