IoT in Education Market Impressive Growth Rate 2021 | Growing Demand, Growth, Developments Strategy, Advanced Technology, Top Leading player & Forecast to 2028
IoT in education market report provides an in-depth information about changing competitive dynamics, opportunities, trends, current market size, key drivers of growth and challenges of the key industry players.
Dallas, United States – May 31, 2021 /MarketersMedia/ —
Global IoT in Education market
IoT in education will be implemented in tools or software that will help in managing, evaluating, planning along with providing videos for several educational courses. This software makes it easy for the teachers as well as students and parents to understand the statues of their children in completing the portion or doing homework, solving problems and spending certain time on some topic. There are several companies who train their employees using these systems as it also reduces their time and cost of training required. Hence rising adoption of these technologies across several educational institutes and organizations as well as coaching classes are increasing the demand for learning management systems, hence propelling its industry growth over the coming years. The global demand for emotional analytics is projected to hit USD 16.67 billion by 2028, with a CAGR of 20.2%.
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Rising digitization, smart phone penetration across the globe as well as technological developments, adoption of new technologies by several organizations are the few major factors fueling the growth of global IoT in education market during the forecast period. Rising prevalence of COVID-19 pandemic has caused shutdown of all the factories and offices, as well as educational institutes which fuels the system of online education across various regions, thereby expected to created opportunities for the growth of global IoT in education market over the analysis timeframe.
Further, increasing courses about web development and others offered by the colleges, growing importance of educating the students with computer skills and technologies due to their requirement for employment opportunities after a few years, growing digitization as well as rising urbanization, industrialization, automation of several industries using IoT and other sensor technologies are also contributing to the growth of global IoT in education market in the coming years. Further, increasing adoption and ease of deployment are contributing to the industry growth.
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Moreover, rising education sector across several regions especially in the developing and underdeveloped nations, growing availability of internet and smart phone in most of the regions and increase in usage of technologies and other advanced needs such as managing the attendance system in an easier manner, generating online report card, teaching the students programming languages at a small age and growing importance of easy management of tasks in schools are also increasing the adoption of education IoT based tools in several colleges and schools. However, the market is expected to gain impetus post the pandemic due to the increased dependability on these devices and services, which is likely to create opportunities for the growth of global IoT in education market in the future.
The global market for IoT in education is made up of a large number of influential players. Market players such as Google Inc., Educomp Solution, Intel Corporation, IPEVO Inc., Adobe Systems, IBM Corporation, TopScan LLC (Scanmarker), Sonic Foundry Inc., ARM Ltd., SMART Technologies, Cisco Systems, Unit4, N2N Services, SunGard K-12, and Ellucian Company L.P dominate the worldwide emotion analysis market.
Segment Overview of Global IoT in Education Market
Product Type Overview, 2018-2028 (USD Million)
• Hardware
• Software
• Services
Application Overview, 2018-2028 (USD Million)
• Learning Management System
• Lecture Capture Solution
• Big Data Analytics
• Academic Devices
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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