Story image

Education IoT market to be valued at US$11.3 billion by 2023

04 Feb 2019

The global IoT in education market size is expected to grow from US$4.8 billion in 2018 to US$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.

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 application management solutions. These solutions help education institutions to manage their various applications. 

The goal of application management solutions is to optimise cost and feasibility in a way that developers and commercial clientele can face when developing applications that need to collect, manage, and begin the interpretation of data generated by a wide range of connected endpoints. 

Education institutions are supposedly incorporating various applications for operations and management that would spur the demand for an application management solution.

The deployment and integration services segment is expected to grow at the highest CAGR during the forecast period. 

Deployment and integration services are important, as large volumes of information generated by IoT devices must be integrated with the existing systems, which require an exact level of system integrators and system enablers to deploy and integrate IoT services and solutions.

APAC is expected to grow at the highest CAGR during the forecast period, due to the robust adoption of IoT technologies in the Chinese and Indian education institutions, the combination of high-growth, developing economies, and the mass adoption of IoT technologies across education applications. 

The major APAC economies, such as China, Japan, Singapore, and India, are supposedly modernising traditional education infrastructure.

Major vendors covered in the IoT in education market include Google, Amazon Web Services, IBM, Microsoft, Oracle, Intel, Cisco, SAP, Huawei, Arm, Unit4, and Samsung. 

Flashpoint announces new features on intelligence platform
The platform now features new dashboards and analytics, expanded datasets, chat services and communities, and industry alerting.
Hitachi Vantara to offer data protection as-a-service
Hitachi Vantara has introduced data protection and data storage offerings that embrace the as-a-service model and come as pre-engineered, fully managed services.
TIBCO aids in effort to boost Vietnam's data talent pool
Training will include ways to understand data analytics, and skills to support the country’s push towards digital transformation.
Tech leaders already seeing the impact of automation
“It is our strongly held belief that the prosperity of New Zealand is inextricably linked to how well our organisations embrace a digital future."
Snowflake & Anodot to offer AI-based anomaly detection
Customers will have access to Snowflake’s built-for-the-cloud data warehouse and can receive instant alerts and insights from Anodot for potential issues before they cost customers significant ROI.
ABS and Google Cloud partner to demonstrate the feasibility of AI-enabled corrosion detection
The project successfully demonstrated the accuracy of AI in detecting and assessing structural anomalies commonly found during visual inspection.
Aerohive launches guide to cloud-managed network access control
NAC for Dummies teaches the key aspects of network access control within enterprise IT networks and how you can secure all devices on the network.
Sungard AS named DRaaS leader by Forrester
It was noted for its disaster-recovery-as-a-service solution’s ability to “serve client needs at all stages of their need for business continuity.”