IoT in Education Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

IoT In Education means better connected and more collaborative future for the education system. IoT devices include smart buildings technology such as smart lighting, locks, thermostats, doorbells and speakers. Once these devices are installed they can be connected to one another and controlled centrally using system such as computer, cell phones and tablet. Major benefits of the IoT In Education are making school safer by using customizable security plans that utilize connected devices such as digital signage, door locks and sensors. Improving student’s outcomes with IoT applications and energy efficiency and less cost involvement in IoT applications, as IoT devices are programmed and automated; IoT connectivity improves building efficiency and reduces energy wastes.

MARKET SCOPE

The "Global IoT in Education Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the IoT in education market with detailed market segmentation by component, application, end user and geography. The report provides key statistics on the market status of the leading IoT in education market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global IoT in education market is segmented into hardware, software, service
  
•   On the basis of application, the market is segmented into learning management solutions, academic devices, big data analytics, lecture capture solutions
  
•   Based on end user, the market is bifurcated into K-12, higher education, corporate
  

MARKET DYNAMICS

Drivers:

•   Increased Use of Connected Devices in the Education Industry.
  
•   Rapid Adoption of eLearning.
  
•   Availability of Cloud-Based Solutions and Applications
  

Restraints

•   Increasing Cyber-Attacks on Educational Institutes to Raise the Concern for Data Security and Privacy
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IoT in education market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IoT in education market in these regions.

IMPACT OF COVID-19 ON IOT IN EDUCATION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the IoT in education market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IoT in education market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IoT in education market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Amazon Web Services
  
•   ARM Ltd
  
•   Cisco Systems Inc
  
•   Educomp Solutions
  
•   Google Inc
  
•   Hitachi LTD
  
•   IBM Corporation
  
•   Intel Corporation
  
•   Pearson Plc
  
•   Unit4
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

IoT in Education Report Scope