IoT in Education Market size is anticipated to witness healthy growth during 2023 to 2032, as IoT devices can offer students reliable access to different communication channels and online learning materials. These devices enable teachers to measure their students’ learning progress on a real-time basis.
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 revenue.
The concept of e-learning has gained significant momentum in recent years. According to an eLearning Industry Report, the number of devices that will be integrated with IoT technologies are predicted to cross 75 billion by 2025. This will boost students’ interest in e-learning courses as these solutions offer various benefits, such as helping them gain access to videos and tutorials in real-time.
However, the growing usage of IoT devices and applications in the education domain has also augmented the risk of cybersecurity threats. This is because using connected devices and sensors can make networks more vulnerable to cyberattacks. Consumer concerns regarding data breaches are also on the rise, which may hinder the industry growth.
Solutions & services are anticipated to capture a sizeable share of the IoT in education market by 2032. Application management solutions play a vital role in making sure that all applications run smoothly. Many educational institutes, such as schools and colleges are deploying these solutions to help them seamlessly connect with different departments, easily retrieve information, and manage daily activities as efficiently as possible.
Several software developers are introducing improved versions of application management solutions to improve the efficiency of the education sector. For example, in April 2021, IBM Corporation launched the ‘IBM Cloud for Education’ solution to support classroom instruction, academic computing, and various faculty and student learning needs. Such launches will improve the performance of the education sector, and in turn, boost the installation of application management solutions.
Based on device type, IoT in education market from the tablets & mobiles segment will record a notable CAGR through 2032. The global sales of smartphones are rising at a strong rate as students want to have better access to online learning facilities. Virtual communication software, such as Zoom, is being used by over 90,000 schools in close to 20 countries to facilitate e-learning. Also, students are becoming aware of the benefits of using tablets over textbooks.
North America IoT in education market is estimated to show tremendous growth till 2032. The growing presence of reputed IT companies is triggering a tremendous rise in IoT connectivity. The concept of remote learning is also gaining traction across the region. However, IoT devices are often at the vulnerable to data security threats, prompting governments to come up with strong measures to prevent data breaches. For example, in October 2022, the U.S. government announced plans to launch a cybersecurity labeling program for consumer IoT devices to protect citizens from data security risks.
Some of the leading 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.
Recent global events such as the ongoing Russia-Ukraine war have impacted the IoT in education market significantly, due to the rapid shift toward online education as several educational institutes were destroyed during the war. Many colleges and universities have since turned to communication applications, such as Zoom and Google Meet to conduct classes, further encouraging the use of IoT in education and thereby enhancing the industry progress.