IoT in Education Market

Market Overview
The Global IoT in Education Market is expected to reach a CAGR of 20.06% within the forecast period (2022-2029).

The internet of things (IoT) is a network of interconnected embedded sensors that allows users to transfer data from one device to another remotely. The internet of things (IoT) in education uses technology advances in the field of education and teaching. The IoT application is focused on e-learning platforms and solutions that include visual and reference aids. IoT also aids in the proper evaluation of persons and students, assisting teachers in their evaluation and students in improving their performance.

Furthermore, institutions can track daily operations such as time and attendance, performance management and learning management by implementing IoT solutions in the education sector. Some of the major IoT players in the education market include Samsung Electronics Co. Ltd, SAP SE and SMART Technologies.
IoT devices include smart buildings technology, including thermostats, doorbells, smart lighting, locks and speakers. Once these devices are installed, they can be connected and controlled centrally using computers, cell phones and tablets.

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Market Dynamics
The growing adoption of cloud-based applications and device connectivity to offer a smarter user experience and increase operational efficiency is projected to add value to the growing market of IoT devices in the educational sector.
The IoT and cloud computing technologies provide different solutions for both research and learning in the education system. The integration of cloud-based computing technology with IoT leads to various advantages to the education system as users can control and access data via the Internet with cloud computing.

Students, instructors, administrative personnel, examination branch and admission branch are the primary users of a typical higher education cloud. The cloud is connected to all of the institution's key users. For each user's specific work, a separate login is provided. Teachers can upload class tutorials, assignments and tests to a cloud server. Students will be able to access all of the teaching materials provided by the teachers through the Internet using computers and other electronic devices at home and at school, 24 hours a day, seven days a week.

Furthermore, on the other hand, cloud computing can profit from the internet of things by expanding its reach to deal with things in the real world in a more distributed and dynamic manner and deliver new services in a wide range of real-life scenarios. The four pillars of IoT necessitate an education system that prepares a new generation of digital citizens to understand the technology that underpins IoT, the societal implications of widespread adoption and the proper application of the data acquired.

Thus the mentioned combinational advantages of cloud computing and IoT education are more likely to accelerate the market share for the technology in the forecast period.

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Market Segmentation:
By Component
• Solution
• Service
By Hardware
• Interactive Whiteboards
• Tablets & Mobile Devices
• Displays
• Security & Video Cameras
• Attendance Tracking Systems
By Application
• Learning management system
• Classroom management
• Surveillance
• Administration management
By End-User
• Academic Institutions
• Corporate

Competitive Landscape
The IoT in education market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include Unit4, SAMSUNG, LearnZillion, Intel Corporation, Google, Amazon Web Services Inc., IBM Corporation, Microsoft, Oracle, Cisco, SAP SE, Certica Solutions, Examity Inc., Knowre, AltSchool, Quad Learning Inc., Huawei Technologies Co. Ltd., Arm Limited, Galvanize Inc. and littleBits Electronics Inc and among others.
The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the IoT in the education market globally.
For instance, in August 2020, IBM collaborates with National Skill Development Corporation (NSDC) to offer 'Open P-TECH,' a free digital education platform focused on emerging technologies and professional development skills.

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