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Global IoT in Education Market to 2023 - Learning Management, Classroom Management, Administration Management, Surveillance - ResearchAndMarkets.com

January 23, 2019

DUBLIN--(BUSINESS WIRE)--Jan 23, 2019--The “IoT in Education Market by Component (Hardware, Solutions & Services), End User (Academic Institutions & Corporates), Application (Learning Management, Classroom Management, Administration Management, Surveillance), Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global IoT in education market size is expected to grow from USD 4.8 billion in 2018 to USD 11.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period.

Major factors driving the IoT in education market include increasing use of connected devices in the education institutions, rapid adoption of eLearning, and availability of cloud-based solution. However, increasing cyber-attacks on education institutions raise the concern for data security and privacy and may hinder the adoption of IoT in education.

The application management solution to record the highest growth rate during the forecast period

Education institutions have been using various applications for enhancing the learning experience and increasing the interaction between educators and students. This, in turn, has significantly increased the demand for the application management solution. The solution helps education institutions to manage their various applications.

Market Dynamics

Drivers

Increased Use of Connected Devices in the Education Industry Rapid Adoption of Elearning Availability of Cloud-Based Solutions and Applications

Restraints

Increasing Cyber-Attacks on Educational Institutes to Raise the Concern for Data Security and Privacy Lack of Industry Standard and Interoperability Lack of Resources and Infrastructure in Developing Industries

Opportunities

Gamification of the Educational Industry Increasing Expenditure in the Education Industry as A Percentage of GDP Potential Growth Opportunities for System Integrators Declining Cost of Connectivity and Connected Devices

Challenges

Inability to Manage Real-Time and Unstructured Data Reluctance of Adopting New Technologies By Educational Institutes

Use Cases and Regulatory Implications

Regulatory Implications

Right to Education National Science Education Standards International Standard Classification of Education European Network for Quality Assurance in Higher Education Australian Education Act Education Services for Overseas Students Act Fundamental Law of Education Compulsory Education Law of the People’s Republic of China South African Schools Act, No. 84 of 1996 The Education Act 2011 Every Student Succeeds Act Funds for Maintenance and Development of the Fundamental Education and Valorization of Teaching

Companies Mentioned

Altschool Arm AWS Betterlesson Brightbytes Brightwheel Cisco Cuemath Echo360 Edupristine Examity Freshgrade Fullbridge Galvanize Google Grammarly Grovo Huawei IBM Intel Itutorgroup Knewton Knowre Learnzillion Littlebits Microsoft Newsela Oracle Quizlet Samsung SAP Schoology Simplilearn Unit4 Vitalsource

For more information about this report visit https://www.researchandmarkets.com/research/fbz53k/global_iot_in?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190123005417/en/

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Related Topics:Internet of Things and M2M

KEYWORD:

INDUSTRY KEYWORD: EDUCATION OTHER EDUCATION TECHNOLOGY INTERNET

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/23/2019 07:27 AM/DISC: 01/23/2019 07:27 AM

http://www.businesswire.com/news/home/20190123005417/en

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