According to Data Bridge Market Research new Market report, global IoT in education market will account to an estimated USD 4.73 billion in 2018 growing at a CAGR of 19.05% during the forecast period of 2019 to 2026.
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Global IoT in Education Market
IoT in education is an application of technological advancements in the field of education and teaching. This application of IoT deals with e-learning solutions and platforms, incorporating visual and reference aids. IoT also helps in appropriate assessment of individuals and students helping the teachers in evaluation and students in improving their performance.
Global IoT in education market is segmented on the basis of component, hardware, end-user, application and geography.
By Component (Solutions, Services), Hardware (Interactive Whiteboards, Tablets & Mobile Devices, Displays, Security & Video Cameras, Attendance Tracking Systems, Others), End-User (Academic Institutions, Corporates), Application (Learning Management System, Classroom Management, Administration Management, Surveillance, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN IoT in EDUCATION MARKET
Rise in number of IoT connected devices
According to Statista; in 2015, the number of installed connected devices worldwide was estimated to be 15.41 billion, and with growing prevalence of IoT worldwide this number has grown to an estimated 17.68 billion in 2016, 20.35 billion in 2017 and 23.14 billion in 2018. This rising prevalence of connected devices worldwide is expected to have a positive impact on IoT in education market due to the growth in adoption of cloud-based applications and device connectivity.
Few of the major competitors currently working in the IoT in education market are Intel Corporation, Google, Amazon Web Services Inc., IBM Corporation, Microsoft, Oracle, Cisco, SAP SE, Huawei Technologies Co. Ltd., Arm Limited, Unit4, SAMSUNG, LearnZillion, brightwheel, Certica Solutions, Examity Inc., Knowre, AltSchool, Quad Learning Inc., Galvanize Inc. and littleBits Electronics Inc.
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