Edtech and Smart Classroom Market is forecasted to be more than US$ 234.41 Billion by the end of year 2027 iCrowd Newswire 01 May 2021, 09:07 GMT+10 According to our latest market study on "Edtech and Smart Classroom Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component (Hardware, Software, and Services), Deployment Type (On-Premises, Cloud, and Hybrid), and End-User (Upto K-12 and Higher Education)," the market was valued at US$ 75.24 billionin 2019 and is projected to reach US$ 234.41 billionby 2027; it is expected to grow at a CAGR of 15.3% from 2020 to 2027.The report highlightskey factors driving the market growthand prominentplayers withtheir developments inthe market. Cloud-based software solutions provide easy scalability and high operational flexibility to e-learning companies and institutions while reducing their overall costs and operational risks. Moreover, the ever-evolving cloud architecture and system algorithms, easy accessibility, and advanced featureintegration are fueling the adoption of these solutions in diverse industry verticals, including education sector.