Reportlinker has announced its report for "Europe EdTech and Smart Classroom Market Forecast to 2027," which talks about the growth of EdTech and the online smart class market growth until 2027. The EdTech and smart classroom market in Europe is expected to grow at a CAGR of 14. 6% from 2020 to 2027.
Education is one of the key sectors in which digitalization is evolving with the adoption of technology. There has been a significant investment in AR and VR-based learning methods. The use of Artificial Intelligence in EdTech has brought a complete makeover to the traditional education system. The adoption, which was at a slow pace, was boosted by the COVID-19 pandemic. Every institutional and educational company started investing in the online way of technology. This has changed the sector for good and is there to stay, even after the pandemic subsides slowly.
According to the study, in Europe, the UK, and France are the key countries where digitalized education has been growing at an impressive rate. Despite the negative impact of COVID 19,EdTech and smart classroom solutions' demand has seen an upward trend across Europe. The sudden adjustments in education systems is pushing stakeholders to invest in modern technologies and adapt to the evolving education sector.
The report has been prepared based on multiple interviews with the industry participants and commentators to validate the data and gain more insights into the topic. This report's participants include industry experts such as VPs, business development managers, market intelligence managers, valuation experts, research analysts, and key opinion leaders specializing in the Europe EdTech and smart classroom market.