IoT in Education Market
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)
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.
Global IoT in Education Market Growth, by Region 2023-2030
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Adobe Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Google LLC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global IoT in Education Market by Component
4.1.1. Solutions
4.1.2. Software & Services
4.1.3. Hardware
4.2. Global IoT in Education Market by Application
4.2.1. Learning Management System
4.2.2. Classroom Management
4.2.3. Administration Management Surveillance
4.2.4. Others (Lecture Capturing Solutions)
4.3. Global IoT in Education Market by End-Users
4.3.1. Academic Institutions
4.3.2. Corporates
4.3.3. Others (K-12, Higher Education)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. CONSTRUKTS, Inc.
6.2. Educomp Solutions Ltd.
6.3. EZ-Robot
6.4. Happiest Minds Technologies Ltd.
6.5. Hitachi Vantara LLC
6.6. HQSoftware
6.7. Innowise Group
6.8. IPEVO Inc.
6.9. Oracle Corp.
6.10. Oxagile LLC
6.11. Rapidsoft Technologies Pvt. Ltd.
6.12. SAM Labs.
6.13. Scanmarker
6.14. Schneider Electric SE
6.15. Sensegiz Technologies Pvt. Ltd.
6.16. SMART Technologies ULC
6.17. Sonic Foundry
6.18. SumatoSoft LLC
6.19. Telefonaktiebolaget LM Ericsson
6.20. Vention Inc.
1. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL IOT SOLUTIONS IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL IOT SOFTWARE & SERVICES IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL IOT HARDWARE IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
5. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
6. GLOBAL IOT IN EDUCATION FOR LEARNING MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
7. GLOBAL IOT IN EDUCATION FOR CLASSROOM MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
8. GLOBAL IOT IN EDUCATION FOR ADMINISTRATION MANAGEMENT SURVEILLANCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL IOT IN EDUCATION FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
10. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
11. GLOBAL IOT IN EDUCATION BY ACADEMIC INSTITUTIONS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
12. GLOBAL IOT IN EDUCATION BY CORPORATES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
13. GLOBAL IOT IN EDUCATION BY OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
14. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. NORTH AMERICAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
17. NORTH AMERICAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
19. EUROPEAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. EUROPEAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. EUROPEAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. EUROPEAN IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
23. ASIA- PACIFIC IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. ASIA- PACIFIC IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
25. ASIA- PACIFIC IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
27. REST OF THE WORLD IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. REST OF THE WORLD IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. REST OF THE WORLD IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
30. REST OF THE WORLD IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
1. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL IOT SOLUTIONS IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL IOT SOFTWARE & SERVICES IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL IOT HARDWARE IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
5. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
6. GLOBAL IOT IN EDUCATION FOR LEARNING MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL IOT IN EDUCATION FOR CLASSROOM MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
8. GLOBAL IOT IN EDUCATION FOR ADMINISTRATION MANAGEMENT SURVEILLANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL IOT IN EDUCATION FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022 VS 2030 (%)
11. GLOBAL IOT IN EDUCATION BY ACADEMIC INSTITUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL IOT IN EDUCATION BY CORPORATES MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL IOT IN EDUCATION BY OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. GLOBAL IOT IN EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. US IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
16. CANADA IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
17. UK IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
18. FRANCE IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
19. GERMANY IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
20. ITALY IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
21. SPAIN IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF EUROPE IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
23. INDIA IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
24. CHINA IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
25. JAPAN IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
26. SOUTH KOREA IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF ASIA-PACIFIC IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD IOT IN EDUCATION MARKET SIZE, 2022-2030 ($ MILLION)
