The Internet of Things offers a broad range of applications in the field of education, which is transforming traditional educational practices as well as enhancing the learning experience for students, teachers, and educational institutions. Moreover, IoT help to provide smart campuses by implementing connected systems for security, energy management, and maintenance. For example, connected security cameras, smart lighting, and automated heating systems can improve campus security and reduce energy costs. Moreover, IoT devices and platforms can foster collaboration among students and educators, allowing for real-time communication, file sharing, and collaborative project work.
The growth of the IoT in education market is majorly driven by development of wireless networking technologies, increase in cloud platform adoption, and advent of advanced data analytics & data processing drives the growth of the market. The advent of advanced data analytics and data processing are driving the growth of the market. In addition, the increase in adoption of advanced technologies such as AR/VR in education sectors is fueling the growth of the market. However, high costs associated with implementation and maintenance of IoT platform and increase in security and privacy concerns among sectors limit the growth of this market. Conversely, reduction in cost of connected devices is anticipated to provide numerous opportunities for the expansion of the IoT in education market during the forecast period.
The global IoT in education market is segmented into offering, application, end-user, and region. Depending on the offering, the market is divided into hardware, software, and services. By application, it is divided into learning management system, classroom management, administration management and others. Based on end-user, it is categorized into K-12, higher education and corporate. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The operating key players in the IoT in education market are Google LLC, SAP SE, IBM Corporation, Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Intel Corporation and RapidSoft Technologies Pvt. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
The growth of the IoT in education market is majorly driven by development of wireless networking technologies, increase in cloud platform adoption, and advent of advanced data analytics & data processing drives the growth of the market. The advent of advanced data analytics and data processing are driving the growth of the market. In addition, the increase in adoption of advanced technologies such as AR/VR in education sectors is fueling the growth of the market. However, high costs associated with implementation and maintenance of IoT platform and increase in security and privacy concerns among sectors limit the growth of this market. Conversely, reduction in cost of connected devices is anticipated to provide numerous opportunities for the expansion of the IoT in education market during the forecast period.
The global IoT in education market is segmented into offering, application, end-user, and region. Depending on the offering, the market is divided into hardware, software, and services. By application, it is divided into learning management system, classroom management, administration management and others. Based on end-user, it is categorized into K-12, higher education and corporate. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The operating key players in the IoT in education market are Google LLC, SAP SE, IBM Corporation, Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Intel Corporation and RapidSoft Technologies Pvt. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global IoT in education market forecast along with the current & future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global IoT in education market trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
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- Investment Opportunities
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Key Market Segments
By Offering
- Hardware
- Software
- Service
By Application
- Learning Management System
- Classroom Management
- Administration Management
- Others
By End-User
- K-12
- Higher Education
- Corporate
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- SAP SE
- IBM Corporation
- Amazon Web Services, Inc.
- Intel Corporation
- Rapidsoft Technologies Pvt. Ltd.
- Cisco Systems Inc.
- Microsoft Corporation
- Google LLC
- Oracle Corporation
- Huawei Technologies Co. Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: IOT IN EDUCATION MARKET, BY OFFERING
CHAPTER 5: IOT IN EDUCATION MARKET, BY APPLICATION
CHAPTER 6: IOT IN EDUCATION MARKET, BY END-USER
CHAPTER 7: IOT IN EDUCATION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the iot in education market was valued at $8.7 billion in 2022, and is estimated to reach $46.4 billion by 2032, growing at a CAGR of 18.6% from 2023 to 2032.The IoT in Education Market is likely to experience a significant growth rate of 18.6% from 2023-2032, owing to the rise in market demand for IoT in education in higher studies.
The Internet of Things offers a broad range of applications in the field of education, which is transforming traditional educational practices as well as enhancing the learning experience for students, teachers, and educational institutions. Moreover, IoT helps to provide smart campuses by implementing connected systems for security, energy management, and maintenance. Moreover, IoT devices and platforms can foster collaboration among students and educators, allowing for real-time communication, file sharing, and collaborative project work.
The growth of the IoT in education market is majorly driven by development of wireless networking technologies, increase in cloud platform adoption, and advent of advanced data analytics & data processing drives the growth of the market. However, data security & privacy concerns and high implementation & maintenance cost of IoT devices restrain the growth of the market globally. On the contrary, reduction in the cost of connected devices and IoT traction among SMEs is expected to create lucrative opportunities for the expansion of the IoT in education market, globally. Also, the advancement in artificial intelligence (AI), augmented and virtual reality (AR/VR) which has the potential to mimic human thought and improve decision-making in challenging circumstances. These numerous beneficial factors are expected to fuel the global market demand. In addition, surge in digitalization toward business operation, is projected to provide lucrative growth opportunities for the market growth during the forecast period.
Moreover, in the era of the evolution of EdTech and the increasing role of e-learning, this is a significant advantage, which is providing a collaborative educational process. Such numerous factors for IoT in education sector to grow in the forecast period as more and more businesses adopt such digital trends. For instance, in January 2022, RAKwireless Technology Co., Ltd. (RAK), a pioneer in LPWA end-to-end solutions and IoT technology provider, partnered with One Planet Education Network to provide OPEN-RAK Do-It-Yourself (DIY) STEM Lab Sensor Wisblock kits to students. This partnership mission is to bridge the digital divide by providing students everywhere with easy-to-use kits that teach students the real-life applications of IoT, with students deploying in their local communities for sustainable community development applications. Such enhanced developments are expected to provide lucrative opportunities for IoT in education market.
The IoT in education market is segmented into offering, application, end-user, and region. The report provides information on various offering including hardware, software and service. In addition, it is categorized by different application such as learning management system, classroom management, administration management and others. The details of the end-user namely K-12, higher education and corporate are also provided in the report. In addition, it analyzes the current market trends across different regions such as North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global IoT In education market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include Google LLC, SAP SE, IBM Corporation, Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation, Huawei Technologies Co. Ltd., Microsoft Corporation, Intel Corporation and Rapidsoft Technologies Pvt. Ltd. For instance, in October 2023, IBM and the Ministry of Electronics and Information Technology India collaborated to advance and accelerate AI, IoT, semiconductor, and quantum innovation for academic, startup, and innovation ecosystems.
Key Market Insights
By offering, the hardware segment was the highest revenue contributor to the market in 2022, and is estimated to reach $23.65 billion by 2032, with a CAGR of 17.0%. However, the software segment is expected to be the fastest-growing segment with a CAGR of 21.2% during the forecast period.By Application, the classroom management segment was the highest revenue contributor to the market in 2022, and is estimated to reach $15.99 billion by 2032, with a CAGR of 15.7%. However, the learning management system segment is estimated to be the fastest-growing segment with a CAGR of 21.8% during the forecast period.
By end-user, the higher education segment was the highest revenue contributor to the market in 2022, and is estimated to reach $17.93 billion by 2032, with a CAGR of 16.4%. However, K-12 segment is estimated to be the fastest-growing segment during the forecast period.
Region-wise, North America was the highest revenue contributor, accounting for $2.98 billion in 2022 and is estimated to reach $13.08 billion by 2032, with a CAGR of 16.2%.
Companies Mentioned
- SAP SE
- IBM Corporation
- Amazon Web Services, Inc.
- Intel Corporation
- Rapidsoft Technologies Pvt. Ltd.
- Cisco Systems Inc.
- Microsoft Corporation
- Google LLC
- Oracle Corporation
- Huawei Technologies Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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