The
global Interactive Whiteboard
Market size
is estimated to reach USD 2.8 billion by 2027, growing at a CAGR of 7.6% from
2020 to 2027, according to a study conducted by Grand View Research, Inc.
Surging need for standalone systems for collaborative meetings and digital
learning methods is expected to boost the demand for interactive whiteboards
across the globe. Rising popularity of digital learning and increasing
technological advancements are also responsible for driving the demand market
for interactive whiteboard over the forecast period.
The
introduction of Interactive Whiteboards (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
has positively impacted the adoption of the technology. In recent times, this
technology is getting integrated at all levels of education including primary,
secondary, and higher education. Furthermore, the introduction of advanced
learning methods and a high emphasis on the gamification in education system
has boosted the demand for digital learning, thereby resulting in the growth of
the market for interactive whiteboard.
Differently
abled students can benefit from the convenience and flexibility offered by the
product. It 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. Furthermore, various governments across the worldare undertaking and
implementing several initiatives aimed at transformation of the conventional
blackboard classrooms into digital ones. Thus, increasing implementation of
virtual learning and e-learning environments across the globe, particularly in
developing countries, is also expected to bolster market growth.
However,
high complexity, high integration cost, lack of technical knowledge, and
training pertaining to the use of information and communication technologies
are factors restraining the market for interactive whiteboard. Insufficient
funding and resources are some of the major challenges faced by educational
institutions. Nevertheless, increasing penetration of interactive flat panel
displays or whiteboards and availability of other substitute technologies such
as holographic and multi-touch interactive displays or whiteboards, in the
education sector are expected to impede market growth over the forecast period.
Browse
Details of Report @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 predicted to drive the interactive
whiteboard market over the forecast period. This shift in trend is the
result of the increasing penetration of mobile devices, laptops, tablet,
and other devices, to enable rich communication surrounding
- The
capacitive segment is expected to register the highest CAGR over the
forecast period as these IWBs facilitate better content management and
deliver high-quality content
- Portable
IWBs receive favorable adoption from the commercial sector on account of
its light weight, compatibility between various business tools, and
support through advanced analytics. The demand for portable IWBs is
therefore expected to witness a CAGR exceeding 8% over the forecast period
- The front
projection technique is widely adopted in schools and colleges as these
IWBs offer brighter screens and are often preferred for large event spaces
in comparison to rear projection IWBs. Although the demand for front
projection IWBs exceeded 60% of the overall market share in 2019, the
demand for rear projection IWBs is projected to witness the highest CAGR
over the forecast period. Rear projection IWBs are gaining popularity on
account of their high image quality and minimal shadow effects when
displaying content
- Asia Pacific
is projected to exhibit a significant CAGR on account of the rapid
evolution of communication systems, digital technologies, and development
of educational infrastructure in the region. Moreover, the growing need
for efficient learning methods including online learning, distance
learning, and interactive learning is expected to spur market growth in
this region over the forecast period
- Prominent
industry participants include Cisco Systems, Inc.; Google Inc.; Hitachi,
Ltd.; Microsoft Corporation; and Panasonic Corporation. Owing to the
intense competition and volatile nature of interactive technologies, key
market players are increasingly focusing on R&D investments. These
companies are introducing new products and services in order to address
the evolving needs of consumers.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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