According to Market Research Future (MRFR), the global interactive whiteboard market is expected to achieve USD 5 million with a CAGR of approximately 5% from 2017 to 2023 (forecast period). The report addresses the major developments in the global interactive whiteboard market in the context of the novel COVID-19 pandemic. The report presents a detailed description of the different aspects of the industry that are likely to be affected by the pandemic.
An interactive whiteboard is a large interactive display that connects to a computer. This system allows computer images to be projected on a board using a digital projector. The board is usually placed on a floor or wall stand, and users of the system can control the board surface by using a finger, pen, or other devices. The object on the display board can be either dragged, clicked, or copied. It helps the user to handwrite notes and convert them to text and save them. The devices are used to distribute content to classrooms, training centers, corporate boardrooms, broadcast studios, professional sports coaching, and others.
Market Dynamics
The global Interactive Whiteboard Market Size is anticipated to see rapid growth during the forecast period as a result of the growing demand for cloud-based interactive whiteboard across various end-users. Due to the rising demand for gamification and digital classrooms and the increasing popularity of interactive whiteboards with artificial intelligence, the market has gained significant acceleration.
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Market Segmentation
The global interactive whiteboard market has been segmented by types, technology, screen size, and end-user.
Based on type, the global interactive whiteboard market has been segmented into interactive ceramic board, IR Boards, and EM Boards.
By technology, the global interactive whiteboard market has been segmented into infrared, resistive membrane, ultrasonic, electromagnetic, and laser scanner. Infrared technology is projected to have the largest share of the global interactive whiteboard market. It is attributed to the growing acceptance of virtual learning courses and e-learning and the rising penetration of digital vision touch technology. This technology offers touch-sensitive displays that allow freedom of learning activities. This technology is related to digital cameras and software that monitor the touch of the finger, the stylus, and the pointer on display.
By screen size, the global interactive whiteboard market has been segmented into Up to 69”, 70” to 90” and Above 90”.
Based on the end-users, the global interactive whiteboard market has been segmented into education, corporate, government, and others. The education segment is further divided into Pre-K-12 and higher education.
COVID-19 Impact on the Global Interactive Whiteboard Market
The education sector is the major contributor to the growth of the global interactive whiteboard industry. Strong demand for smart learning and smart classrooms is being observed at the global level, as students, educational institutions, and teachers are struggling to adjust to the ongoing COVID-19 pandemic.
Digital whiteboards can replicate connected computers and laptops on large interactive screens, allowing students and teachers to access a wide pool of data and information accessible on the Internet. This feature has made it ideal e-learning and virtual learning tool, fueling rapid adoption in remote learning areas. End-users working in educational institutions and organizations are making significant investments in the provision of bulk interactive whiteboards, making them an integral part of the institutional infrastructure. These installations are expected to enhance the attractiveness of institutions, mobilize learning, extend their reach and, in turn, boost the market.
Demand for smart education in the light of rising student debt and the problems that emerge from it is projected to bring this tool to the forefront. The pandemic has provided the market with great timing to show the ability for continuing education at a reasonable cost.
Regional Analysis
The global market for interactive whiteboard is studied for Asia Pacific, North America, Europe, and the Rest of the World.
North America is predicted to have the largest market share and is projected to rise at the fastest pace during the assessment period. The growth of the market in North America is due to the growing demand for interactive whiteboards in the education field. North America is followed by the European region, where the interactive whiteboard market is gaining traction due to the growing adoption of intelligent whiteboards in pre-K-12 and higher education. Whereas in Asia Pacific countries, including Japan, China, and India, the demand is also growing due to developments in the electronics industry.
Key Players
Some of the significant participants identified by MRFR operating in the global interactive whiteboard market are Hon Hai Precision Industry Co., Ltd. (Taiwan), Panasonic Corporation (Japan), Hitachi, Ltd. (Japan), Samsung Group (South Korea), NEC Corporation (Japan), The Ricoh Company, Ltd. (Japan), Google LLC (U.S.), LG Electronics Inc. (South Korea), Cisco System, Inc. (U.S.), Smart Technologies Corporation (U.S.) and Microsoft Corporation (U.S.) among others.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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