IoT in Education Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4554
IoT in Education Market size is likely to witness commendable growth over 2021-2027. This is driven by the rising adoption of IoT devices in education to provide students reliable access to learning materials and communication channels. IoT devices also enable teachers to measure the learning progress of students in real-time. The growing prevalence of internet connection in schools and the rise in usage of connected devices among students will also amplify the industry growth in the years ahead. IoT, or Internet of Things, refers to a network of devices connected to the internet to exchange information, collect data, and control processes. School administrators and educational experts are focusing on the large-scale deployment of IoT technology for education to boost productivity and improve building efficiency.
The prolific rise of e-learning is one of the key trends bolstering the IoT in education market outlook over 2021-2027. According to an eLearning Industry Report, the number of devices that will be a part of the IoT will reach over 75 billion by 2025. This increase in connected devices will also boost interest in e-learning courses, as these solutions can help students access tutorials and videos in real-time, among other benefits. However, the growing IoT applications in education domain have led to an increase in cyber-security threats, as the proliferation of connected devices and sensors greatly increases the network attack surface. Major concerns regarding data breaches and attacks may create roadblocks to the steady growth of the industry over the forthcoming years.
Considering device type, the IoT in education market from the mobiles and tablets segment is poised to exhibit a strong growth rate through 2027, owing to the escalating use of smartphones for online learning globally. As per Vidyasaarathi’s India Lockdown Learning Report, 79% of Indian students have adopted smartphones as a primary mode of e-learning. Additionally, rising awareness about the benefits of tablets over textbooks in the school setting will proliferate the deployment of IoT technology for education over the estimated timeline.
North America IoT in education industry is projected to garner commendable revenue by 2027, on account of the burgeoning IoT connectivity across the region. In addition, the growth of remote learning, and exploration of new technologies by various universities and colleges in the U.S., is also expected to add impetus to the IoT demand in the regional education sector.
Key players operating in the global IoT in education market include Rapidsoft Technologies Pvt. Ltd., SAP SE, IBM Corporation, Cisco Systems, and Hitachi Vantara, among others. These firms are implementing various strategies such as new solution launches and business expansions to boost their product portfolio and footprint across the global market.
Closure of Educational Institutions During COVID-19 to Impact IoT in Education Market Trends:
The closure of schools due to the coronavirus pandemic has brought significant disruptions to education across the globe. Even in high-income countries, the outbreak has led to an increase in learning losses. During the peak of the pandemic, over 45 countries in Central Asia and Europe closed their schools, impacting over 185 million students. Factors such as these may have hampered the adoption of IoT devices across educational premises over the coming years.
However, the considerable adoption of educational technology to offer remote learning opportunities for students may assert a positive influence on the IoT in education market dynamics. For instance, in March 2020, RTVE, public television corporation of Spain, collaborated with MEFP (Ministry of Education and Professional Training) through the National Institute of Educational Technologies and Teacher Training (INTEFE), to launch Educlan. The digital tool, designed for families and students, includes audiovisual content for children 3-10 years of age.
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