Pune (India) | The Indian market researcher MarketsandMarkets forecasts 18.8 % average annual growth over the next 5 years for the global market in the “IoT in Education Market” analysis published at the beginning of this year. According to the analyst, the market volume was 4.8 billion US dollars in 2018 and is expected to grow to 11.3 billion US dollars by the end of 2023. With the publication of this analysis, MarketsandMarkets in its almost 150-page analysis comes to only slightly higher values than the Indian market researcher Qurate Business Intelligence. In its recently published analysis “Global IOT in Education Market”, Qurate Business Intelligence predicted annual growth of 18.5% for the coming years and pointed out in its analysis that the corresponding market had a volume of around 3.8 billion US dollars in 2017.
The Internet of Things in education, for example, is represented in interactive whiteboards, but does not stop there. MarketsandMarkets is confident that the increased use of Internet-connected devices in educational institutions of all kinds is a sustained trend and that the rapid introduction of eLearning and the increased use of cloud-based software will contribute to this. With regard to the specific market segments, Classroom Management in particular is becoming increasingly important. Teachers could use IOT to build up their teaching in an orderly-structured way and thus achieve the best possible learning climate and efficient learning outcomes. MarketsandMarkets ultimately leaves open the question of which role and forms IOT will take in in-company training today and in the future. But one thing is also certain here: new technology will also create new opportunities here. And if the boundaries between the virtual world and the physical environment are becoming smaller, this will certainly make sense, both at school and at work. Simply because what always fits together comes together.
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