IoT in Education Market: Things to Focus on to Ensure Growth Prospects by 2028
The latest research report by Emergen Research, named ‘Global IoT in Education Market – Forecast to 2027’, entails a comprehensive review of the global IoT in Education market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
The global IoT in education market size is expected to reach USD 25.42 Billion in 2028 and register a steady CAGR over the forecast period. Steady market revenue growth can be attributed to rising demand for advanced eLearning among educational institutes, which enables students to work at their own pace through the curriculum. This enhances learning experience and the course-completion rate helps in better student assessment. Instructors can collect data on student performance with the help of cloud technology, and IoT in the education sector allows teachers to share and collaborate information and feedback with each other. Increasing investment by educational institutes for obtaining efficient network for data transmissions, data storage, and data analysis to enhance the e-learning ecosystem is expected to boost growth of IoT in the education sector.
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Rising demand for smart classes which facilitate an immersive learning experience and helps in enhancing the effectiveness of the process via a variety of engaging media is expected to drive growth of the IoT in education market. Increasing initiatives by governments in various countries regarding the launch of smart classes is projected to contribute to further advancements in the education sector.
The report also discusses the key players involved in the market such as IBM, Cisco Systems, Inc., Intel Corporation, Google, Amazon Web Services (AWS), Oracle Corporation, Microsoft Corporation, Huawei Technologies Co., Ltd., Samsung, and SAP SE. and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
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Emergen Research has segmented the global IoT in Education market on the basis of component, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Learning Management System
End-use Outlook (Revenue, USD Billion; 2018–2028)
Key Findings from the Report:
In October 2020, Tech giant Microsoft partnered with AICTE to empower learners and educators in new-age technologies, including AI, IoT, data science, and cloud computing technologies. The collaboration will also provide educators access to online learning paths and instructor-led training material through the Microsoft Learn for Educators platform.
Hardware segment accounted for largest revenue share in 2020. Educational institutions are embracing technology for schools more readily and increasing adoption of interactive whiteboards, smart pens, and tablets to enhance the distribution of learning material.
Classroom management segment revenue is expected to expand at a rapid CAGR during the forecast period. IoT solutions improve class management and learning protocols with the help of smart technologies, which are available in a classroom.
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Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
- Business trends
- Regional trends
- Product trends
- End-use trends
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Global IoT in Education Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global IoT in Education market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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