The global interactive whiteboard market size is estimated to reach USD 2.36 billion by 2025
expanding at a CAGR of 6.8% from 2019 to 2025, according to a study conducted
by Grand View Research, Inc. Rising need for standalone systems for
collaborative meetings and digital learning methods is expected to boost the
demand for whiteboards across the world. The introduction of IWBs has
technologically transformed in the areas of education, modern business methods,
and other commercial spaces. It offers increased involvement of peers through
screen sharing and interactive communications. It also provides digital
annotation of documents to enable mobility and facilitate ease of operability
for end users.
Factors, such as the changing consumer
lifestyles and worldwide penetration of the Internet, have favorably impacted
the adoption of IWB technologies. This technology is getting integrated at all
levels of education including primary, secondary, and higher education.
Furthermore, the introduction of advanced learning methods and emphasis on the
gamification in education system have boosted the demand for digital learning.
Differently-abled students can benefit from the convenience and flexibility
that IWBs offer. They provides assistance to students with visual as well as
hearing impairment. Also, real-time online classes ensure that the unique
learning requirements of each student are met satisfactorily with minimal cost
of learning. Several government initiatives across the world aimed at
transforming the conventional blackboard classrooms into digital ones will
augment the demand.
Thus, increasing implementation of virtual
learning and e-learning environments across the globe, particularly in
developing countries, is further expected to bolster the market growth over the
forecast period. However, high complexity and integration cost along with the
lack of technical knowledge and training pertaining to the use of information
and communication technologies may hinder the growth. Moreover, insufficient
funding and resources are some of the major challenges faced by educational
institutions, which may restrain the growth. Additionally, increasing
penetration of interactive flat panel displays and availability of other
substitute technologies, such as holographic and multi-touch interactive
displays, in the education sector are expected to impede the interactive
whiteboard (IWB) market growth.
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https://www.grandviewresearch.com/industry-analysis/interactive-whiteboard-market
Further key findings from the study suggest:
· Increasing adoption of emerging learning
techniques in the education industry through the use of interactive
technologies is likely to drive the market over the forecast period
· Capacitive IWBs is expected to register the
highest CAGR over the forecast period as they facilitate better content
management and deliver high-quality content
· Portable IWBs have a high demand from the
commercial sector as they have compatibility between various business tools and
offer support through advanced analytics
· Front projection technique IWBs are widely
used in schools and colleges as they offer brighter screens and are often
preferred for large event spaces
· However, the demand for rear projection
IWBs is projected to expand at the highest CAGR over the forecast period
· The product demand in the education
application sector held more than 60% of the overall market share and is
anticipated to register the highest CAGR of 7.2% in the forecast period
· APAC is said to be the fastest-growing
region due to rapid evolution of communication systems, digital technologies,
and development of educational infrastructure
· Prominent industry participants include
Cisco Systems, Inc.; Google, Inc.; Hitachi, Ltd.; Microsoft Corporation; and
Panasonic Corporation
Grand View Research has segmented the
global interactive whiteboards market on the basis of technology, form factor,
projection technique, application, and region:
Interactive Whiteboards Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
Infrared
·
Resistive Membrane
·
Electromagnetic Pen
·
Capacitive
·
Others
Interactive Whiteboards Form Factor Outlook
(Revenue, USD Million, 2014 - 2025)
·
Fixed
·
Portable
Interactive Whiteboards Projection
Technique Outlook (Revenue, USD Million, 2014 - 2025)
·
Front Projection
·
Rear Projection
Interactive Whiteboards Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Education
·
Corporate
·
Commercial
·
Others
Interactive Whiteboards Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
o
Korea
o
Indonesia
o
Australia
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Press Release of Interactive Whiteboard Market@ https://www.grandviewresearch.com/press-release/global-interactive-whiteboard-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
