With the in-depth development of the new curriculum reform, school PE is facing new challenges. How to implement the innovative development of school PE teaching and improve the teaching efficiency and quality of school PE has become one of the key research objects of the state and schools. This paper is aimed at exploring the development prospect of IoT in PE and actively promoting the deep integration of animal Internet technology and PE, so as to improve the teaching quality and efficiency of PE teachers. Based on the deep integration of IoT, multimedia technology, and PE, this paper puts forward the potential value of IoT based on physical exercise. This paper discusses the benefits of IoT on college students’ volleyball and table tennis skill learning. At the same time, the teaching mode is applied to the teaching of volleyball spiking and table tennis technology, and the teaching effect of the teaching mode is analyzed and evaluated. By using SPSS17.0 after sorting out the data and conducting independent sample
t
-test, the confidence interval is 95%. The experimental results show that the technical evaluation scores of the experimental class before the experiment are lower than those of the control class. After the table tennis teaching experiment, there are significant differences in physical learning interest, learning ability, and sports performance compared with those before the experiment.