A research by Reportlinker titled “Europe EdTech and Smart Classroom Market Forecast to 2027” discusses the expansion of the online smart classroom market as well as the rise of edtech. In Europe, the market for educational technology and smart classrooms is anticipated to expand at a CAGR of 14.6% between 2020 and 2027.
Digitalization is advancing with the use of technology in a number of important fields, including education. In AR and VR-based learning techniques, there has been a substantial investment. The conventional educational system has undergone a full transformation because to the usage of artificial intelligence in edtech. The slow-moving adoption was accelerated by the COVID-19 pandemic. Every institution and educational organisation began making investments in online technologies. Even as the pandemic progressively abates, this has permanently altered the industry.
The survey found that the UK and France are the major nations in Europe where digitalized education has been expanding at a remarkable rate. Despite the negative effects of COVID 19, there has been an increase in demand for EdTech and smart classroom solutions across Europe. Stakeholders are being pushed by the abrupt changes in education systems to invest in cutting-edge technology and adapt to the changing educational landscape.
Multiple interviews with industry participants and critics were conducted to validate the data and gain further context for the report’s preparation. VPs, business development managers, market intelligence managers, valuation specialists, research analysts, and key opinion leaders with expertise in the Europe EdTech and smart classroom market are among the industry experts who participated in this report.