Global IoT in Education Market – Industry Trends and Forecast to 2030

IoT in Education Market Analysis and Size

The internet of things (IoT) is transforming many industries today, and the field of education is no exception. The origins of learning were traditionally tied to conferences, classrooms, online tutorials, etc., but with the advent of IoT in education, this trend has started slowly but steadily changing, for the better. The demand for IoT in education is increasing at an exponential rate as more IoT-enabled devices are used in classrooms and help educational institutions run more efficiently. IoT in the education sector offers enormous potential for carrying out a variety of tasks from a single platform, making it a highly profitable investment.

Data Bridge Market Research analyses that the IoT in education market, valued at USD 8.13 billion in 2022, will reach USD 35.70 billion by 2030, growing at a CAGR of 17.87% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

IoT in Education Market Scope and Segmentation  

Market Definition

With the help of IoT devices, schools can keep an eye on and secure their buildings, grounds, and buses, helping to ensure the safety of students and staff. IoT-enabled security cameras, for instance, can watch over school campuses and buildings and alert authorities to any suspicious activity or potential threats. Higher education institutions are increasingly streamlining daily operations as a result of the adoption of IoT in education. IoT in education enables teachers to concentrate more on the current subject matter because IoT-enabled devices automatically detect student presence and eliminate the need to take attendance.

IoT in Education Market Dynamics

Drivers

• Increasing adoption to improve efficiency drives the market

IoT in the education market significantly reduces the time and effort needed to complete tasks by streamlining the daily operations of educational institutions. IoT devices' ability to minutely monitor the energy usage of educational institutions to help reduce energy costs, along with their ability to improve a wide range of administrative tasks such as manual fee submission, attendance recording, and others, continue to bring significant traction for IoT in the education market. Through the IoT's exceptional ability to streamline the educational system by making the learning process quick and efficient, educational institutions are investing in it more and more, thus driving the market.

• Adoption of IoT for a seamless flow of education surges the market growth

The necessary systems have been quickly installed by educational institutions to maintain uninterrupted instruction of the curriculum. Additionally, the expansion of IoT in every industry, particularly education, has been facilitated by the increased use of the internet globally. Another factor driving the growing adoption of IoT in the education sector is its ability to deploy learning management systems (LMS), which let instructors keep track of the course syllabus and keep tabs on students' progress. With the aid of this system, a student can also access the necessary information at any time and from any location. Another appealing aspect of IoT is the constant flow of information.

Opportunities

• Application management solution adoption is growing creating possibilities for growth

Diverse applications have been adopted by educational institutions more frequently to enhance learning and promote positive interactions between students and teachers. As a result, the need for IoT-based application management solutions for smarter solutions has significantly increased. Conducting a thorough examination and evaluation process can be very time- and energy-consuming. The rapid adoption of a variety of applications by educational institutions for unified operations and management is predicted to increase demand for application management tools and thus boost the market for IoT in education.

• Rapid advancement in technology creates lucrative opportunities to grow

Technology's rapid advancement, the need for efficient connected device management, and the creation of products such as security, real-time analytics, and data management solutions are some of the market-driving elements. The demands of the manufacturing, automotive, and other industries, as well as the increasing number of IoT-connected devices, are being met by these products. Additionally, contributing to the market's continued growth is the increased use of mobile and Internet of Things-enabled devices, which has transformed numerous industries, including the automotive, healthcare, and retail sectors.

Restraints/Challenges

• Security and privacy concerns limit the market growth

Growing worries about the security and privacy of IoT ecosystems as well as the difficulties associated with financing IT infrastructure and services are limiting the market for IoT in education. Some educational institutions are reluctant to adopt IoT in the classroom due to the IoT ecosystem's growing susceptibility to security and privacy threats as well as issues with financing information technology services and infrastructure. The market is constrained by restrictions relating to business operations, regulatory compliance, and legal issues.

• Lack of awareness can impede the market growth

The lack of robust IT infrastructure and some educational institutions' lack of knowledge about the advantages of IoT in the education sector, particularly in some developing countries, are factors that are likely to limit the growth of the IoT in the education market to some extent, as lack of knowledge can restrict from appropriate use and thus can impede the market growth.

This IoT in education market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the IoT in education market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022, To shield citizens from data security risks, the US government announced plans to start a cybersecurity labelling program for consumer IoT devices.
• In 2021, The "IBM Cloud for Education" solution was introduced by IBM Corporation 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.

Global IoT in Education Market Scope

The IoT in education market is segmented on the basis of component, learning mode, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solutions
• Network Management
• Content Management and Analytics
• Device Management
• Application Management
• Security Management
• Others
• Services
• Professional Services
• Training and Consulting
• Deployment and Integration
• Support and Maintenance
• Managed Services
• Hardware
• Interactive Whiteboards
• Tablets and Mobile Devices
• Displays
• Security and Video Cameras
• Others

Learning Mode

• Collaborative Learning
• Virtual Instructor
• Simulation
• Adaptive
• Social
• Blended

Application

• Learning Management System
• Lecture Capturing Solutions
• Big Data Analytics
• Classroom Management
• Administration Management
• Surveillance
• Others
• Study Tools/ Academic Devices
• Learning Analytics
• Online to Offline
• Course Material Management
• Test Preparation Management
• Online Learning

End User

• Academic Institutions
• School/ K-12
• University / Higher Education
• Corporates
• Others

IoT in Education Market Regional Analysis/Insights

The IoT in education market is analysed and market size insights and trends are provided by component, learning mode, application and end user as referenced above.

The countries covered in the IoT in education market  report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are due to high degree of technical progress. Additionally, the market's influx of new competitors and their effective combat of the opposition is spurring subsequent demand growth.

Asia-pacific will undergo the highest growth rate during the forecast period owing to the rising cost of infrastructure for technology. In order to track the progress of the child, parents, and institutions are highly interested in the real-time stacking solutions made possible by the adoption of this infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and IoT in Education Market Share Analysis

The IoT in education market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to IoT in education market.

Some of the major players operating in the IoT in education market are:

• SAP SE (Germany)
• Schneider Electric (France)
• Hitachi Vantara LLC (U.S.)
• Robert Bosch GmbH (Germany)
• Honeywell International Inc. (U.S.)
• Oracle (U.S.)
• Rapidsoft Technologies Pvt. Ltd. (India)
• CONSTRUKTS, Inc (U.S.)
• EZ-Robot (Canada)
• SAM Labs. (U.S.)
• SenseGiz (U.S.)
• Telefonaktiebolaget LM Ericsson (Sweden)
• Happiest Minds (India)
• Intel Corporation (U.S.)
• Scanmarker (Israel)
• IPEVO Inc. (U.S.)
• SMART Technologies ULC (Canada)
• Sonic Foundry (U.S.)
• Educomp Solutions Ltd, (India)
• Adobe (U.S.)

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