Global IoT In Education Market Size By Hardware, By Solution, By Service, By Application, By End-User Industry, By Geographic Scope And Forecast

Report Highlights

IoT In Education Market Size And Forecast

IoT In Education Market was valued at USD 5.31 Billion in 2019 and is projected to reach USD 19.57 Billion by 2027, growing at a CAGR of 17.74% from 2020 to 2027.

The IoT In Education Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The IoT In Education Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global IoT In Education Market Overview

Growing emphasis on increasing operational efficiencies and managing connected devices is anticipated to drive market growth. Major players in the IoT industry are undertaking various initiatives, such as the formation of Open Mobile Alliance (OMA), for standardizing protocols. This has also helped boost the growth of the industry. The penetration of communication and networking technologies and the need for real-time analytics, connected assets, and security of machines has led to the adoption of IoT device management. It assists in provisioning and authentication, configuration and control, software updates and maintenance, and monitoring and diagnostics of connected devices.

This report provides an all-inclusive environment of the analysis for the IoT In Education Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the IoT In Education Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the IoT In Education Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the IoT In Education Market.