The Future of IoT in Education
The Internet of Things will be united with education system in near future. Most of the school will use it to make their students to be highly tech-literate. Understanding of education must shift to integrate IoT into the education. The organisations which will create reasonable and practical products for administrators, students, and teachers will be benefited first.
Global IoT in education market is expected to rise from its initial estimated value of USD 4.73 billion in 2018 to an estimated value of USD 19.08 billion by 2026, registering a CAGR of 19.05% in the forecast period of 2019-2026.
A new research has been conducted across Global IoT in Education Market encompassing diverse regional developments, market vendors at the fore, to include both qualitative as well as quantitative information, suggestive of market developments and alterations identified across historical and current timelines to initiate accurate forecasts and predictions, in tandem with futuristic opportunities and growth probabilities.
What is IoT?
The Internet of Things is a network of several devices which are attached with miscellaneous software, electronics, and network connectivity of distinct orientations, aimed at exchanging and compiling of any kind of information.
IoT is applied in several industries including finance, travel, teaching, telecommunication, and various other sectors. When it comes to implementing IoT in the education sector, the major reason is the IoT enhances the education itself and provides advanced value to the structures and environment. Schools which use IoT is referred as smart schools, with facilities operating smoothly enhances the level of personalise learning. The smart devices used in a campus utilize WiFi network for receiving instructions and sending data.
Key players in Global IoT Education Market
- Google (US)
- Amazon Web Services (US)
- IBM (US)
- Microsoft (US)
- Oracle (US)
- Intel (US)
- Cisco (US)
- SAP (Germany)
- Huawei (China)
- Arm (UK)
- Unit4 (Netherlands)
- Samsung (South Korea)
Global IoT in education market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.