Global IoT in Education Market Size, Share & Trends Analysis Report By Component (Hardware, Solution, Services), By End User, By Application, By Regional Outlook and Forecast, 2024 - 2031

Global IoT in Education Market Size, Share & Trends Analysis Report By Component (Hardware, Solution, Services), By End User, By Application, By Regional Outlook and Forecast, 2024 - 2031

The Global IoT in Education Market size is expected to reach $34.4 billion by 2031, rising at a market growth of 19.1% CAGR during the forecast period.

This segment encompasses security solutions that utilize IoT devices, such as cameras and sensors, to monitor school premises and enhance student safety. Rising concerns about security in educational institutions have led to increased investments in IoT-enabled surveillance systems that provide real-time monitoring and incident response capabilities. By ensuring a safer learning environment, these systems contribute to the overall well-being of students and staff. Thus, the surveillance segment held a 15% revenue share in the IoT in education 2023.

The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2024, Huawei Technologies Co., Ltd. unveiled Smart Classroom 3.0, which integrates AI, IoT, and big data to create engaging, learner-centric environments. With adaptive learning, VR, and AR, personalize education and enhance student experiences. Launched at the 2024 Huawei Tech Carnival in Baku, it aims to drive intelligent educational transformation in the Middle East and Central Asia. Additionally, In September, 2022, Samsung Electronics Co., Ltd. unveiled the second season of its skilling program, Samsung Innovation Campus, to upskill youth aged 18-25 in AI, IoT, Big Data, and Coding. In partnership with the Electronics Sector Skills Council of India, the initiative will train 3,500 students, supporting India's Skill India and Digital India missions.

Based on the Analysis presented in the KBV Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the IoT in Education Market. Companies such as Huawei Technologies Co., Ltd., Amazon Web Services, Inc., and Cisco Systems Inc. are some of the key innovators in IoT in Education Market. In September, 2024, Cisco Systems Inc. unveiled NetAcad.com and SkillsForAll.com into a unified platform, offering best-in-class IT education. Skills for All expanded access with interactive activities, gamified challenges, and hands-on learning. The new platform enhances educator support with professional development, class management, and assessment tools.

Market Growth Factors

As industries increasingly rely on advanced technologies, IoT-enabled simulations equip students with the skills necessary for future careers. Learners develop technical proficiencies and adaptability using realistic simulations that mimic workplace scenarios. This preparation enhances their employability and aligns educational outcomes with industry demands. Thus, encouraging experiential learning through IoT-enabled simulations propels the market's growth.

Additionally, as students and educators rely on connected devices to facilitate online learning, IoT solutions that enable collaboration, engagement, and resource sharing become essential. This demand drives developing and adopting IoT-enabled tools in the educational sector. Therefore, the expansion of the EdTech industry worldwide is driving the market's growth.

Market Restraining Factors

The financial risks of adopting new technologies can create hesitation among educational institution decision-makers. Uncertainty regarding the effectiveness of IoT solutions, potential disruptions during implementation, and the possibility of requiring additional investments can deter institutions from pursuing IoT initiatives, limiting market growth. In conclusion, high implementation costs and budget constraints hamper the market's growth.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.

Component Outlook

Based on component, the market is divided into solution, services, and hardware. The hardware segment garnered 44% revenue share in the market in 2023. This segment encompasses many devices, including smartboards, tablets, IoT sensors, and wearables, all designed to enhance the learning environment.

Solution Outlook

The solution segment is further subdivided into network management, content management and analytics, device management, application management, and security management. The device management segment held 20% revenue share in the market in 2023. This segment is critical for overseeing the various IoT devices used in educational settings, ensuring they function optimally and securely.

Services Outlook

The services segment is further subdivided into professional services, training & consulting, deployment & integration, support & maintenance, and managed services. In 2023, the deployment & integration segment registered 29% revenue share in the market. This segment is crucial for facilitating the seamless integration of IoT devices and solutions within educational institutions.

Application Outlook

On the basis of application, the market is segmented into learning management system, classroom management, administration management, surveillance, and others. The learning management system segment attained 29% revenue share in the market in 2023. LMS platforms are essential for facilitating online learning, tracking student progress, and delivering educational content in a structured manner.

End User Outlook

By end user, the market is divided into academic, K-12, higher education, and corporate. In 2023, the higher education segment registered 30% revenue share in the market. This sector encompasses colleges, universities, and vocational institutions increasingly integrating IoT technologies to improve teaching and administrative processes.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 26% revenue share in the market. This growth is driven by increasing government initiatives to improve educational infrastructure, especially in developing countries. Countries like India, China, and Japan invest heavily in IoT technologies to modernize their educational systems, enhance remote learning capabilities, and improve overall access to quality education.

Market Competition and Attributes

The market is highly competitive, driven by the increasing demand for smart learning environments and personalized education experiences. Key market attributes include the integration of IoT devices for real-time data collection, enhancing classroom engagement, and streamlining administrative processes. The market sees strong adoption of smart classrooms, digital content delivery, and analytics for performance tracking. Security concerns and high infrastructure costs are challenges, but advancements in technology and growing digital literacy are expanding the market's growth potential.

Recent Strategies Deployed in the Market

• Sep-2024: Cisco Systems Inc. unveiled NetAcad.com and SkillsForAll.com into a unified platform, offering best-in-class IT education. Skills for All expanded access with interactive activities, gamified challenges, and hands-on learning. The new platform enhances educator support with professional development, class management, and assessment tools.
• Jul-2024: Huawei Technologies Co., Ltd. unveiled Smart Classroom 3.0, which integrates AI, IoT, and big data to create engaging, learner-centric environments. With adaptive learning, VR, and AR, personalize education and enhance student experiences. Launched at the 2024 Huawei Tech Carnival in Baku, it aims to drive intelligent educational transformation in the Middle East and Central Asia.
• Jul-2024: IBM Corporation teamed up with Noida International University, a private university in Noida to offer industry-relevant education. This collaboration introduces the B.Tech (Cyber Security) program, equipping students with essential skills in emerging technologies, bridging the workforce skills gap, and preparing them for successful careers.
• Apr-2024: Google LLC announced the partnership with Magic EdTech, a trusted provider of AI-powered digital learning solutions to deliver AI-powered solutions in education. By leveraging Google Cloud's infrastructure, Magic EdTech helps publishers, tech firms, and institutions enhance digital learning with personalized, AI-driven content. This partnership promotes secure, scalable, and transformative learning experiences for businesses.
• Sep-2023: Huawei Technologies Co., Ltd. unveiled its Campus Digital Platform (Lite) for international markets, emphasizing the role of information and communications technologies (ICTs) in accelerating campus digitalization. Kevin Su, CEO of the Huawei Campus Team, highlighted the campus as a key element for building an intelligent world, with Huawei collaborating to redefine campuses using ICTs.

List of Key Companies Profiled

• SAP SE
• Intel Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• IBM Corporation
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Oracle Corporation
• Google LLC (Alphabet Inc.)
• Cisco Systems Inc.
• Microsoft Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)

Global IoT in Education Market Report Segmentation

By Component

• Hardware
• Solution
• Network Management
• Content Management and Analytics
• Device Management
• Security Management
• Application Management
• Services
• Deployment & Integration
• Professional Services
• Support & Maintenance
• Training & Consulting
• Managed Services

By End User

• K-12
• Higher Education
• Corporate
• Academic

By Application

• Learning Management System
• Classroom Management
• Administration Management
• Surveillance
• Other Application

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA