Interactive Whiteboard Industry – Overview
Interactive whiteboard is an instructional tool that displays multimedia materials, such as texts, images, audio and video documents in high resolution. They support various devices and are provide a user-friendly interface. Market Research Future (MRFR) has published an in-depth report on the Interactive Whiteboard Industry and forecasted the market to reach USD 5 Bn at a CAGR of 5% by the end of the forecast period of 2017-2023.
Interactive whiteboards are being progressively used across various industry verticals. The education sector is among the early adopters of the technology. Interactive whiteboards are used in e-learning and virtual classes. Interactive whiteboards are transforming the conventional classroom teaching by aiding teachers to demonstrate various concepts with visual presentation. The governments across multiple countries are supporting the use of digital technology in the education sector and are taking concrete steps to boost their education sector which is augmenting the growth of the market. The trend of gamification in the education sector is also playing a key role in the growth of the market.
Features of interactive whiteboards such as screen sharing and other interoperability features have helped them garner massive popularity in other industries as well. They are being extensively used in meetings and presentations in modern business and other commercial areas. Other factors driving market growth include technological advancements and product development by key players.
On the other hand, High cost of interactive whiteboards and complexities associated with integration are hindering the growth of the market. Availability of alternatives such as holographic and multi-touch interactive displays can impede the growth of the market. Using interactive whiteboards require technical knowledge which too is a restraining factor.
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The global Interactive Whiteboard Industry has been segmented based on type, technology, screen size, end-user.
- By type, the interactive whiteboard market has been segmented into interactive ceramic board, IR Boards, and EM Boards.
- By technology, the interactive whiteboard market has been segmented into infrared, resistive membrane, ultrasonic, electromagnetic, and laser scanner.
- By screen size, the interactive whiteboard market has been segmented into Up to 69”, 70” to 90” and Above 90”.
- By end user, the interactive whiteboard market has been segmented into education, corporate, government and others. The education segment has been further segmented into Pre-K-12 and higher education.
Some of the prominent players in the Interactive Whiteboard Industry are Hon Hai Precision Industry Co., Ltd. (Taiwan), Hitachi, Ltd. (Japan), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), NEC Corporation (Japan), The Ricoh Company, Ltd. (Japan), Google LLC (U.S.), Cisco System, Inc. (U.S.), Smart Technologies Corporation (U.S.) and Microsoft Corporation (U.S.) among others.
By region, the interactive whiteboard market has been segmented into North America, Rest-of-the-World (RoW), Europe and Asia Pacific (APAC).
North America is leading the interactive whiteboard market. The region is home to major market players who are actively engaged in technology and product development. The education sector in the region has been an early adopter of the interactive whiteboard technology and they are extensively used in in Pre-K-12 and higher education. Moreover, the region is a frontrunner in the adoption of latest technologies which has supported the market growth.
Advancements in the electronics industry in APAC is paving the way for the growth of the interactive whiteboard market.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.2.1 Growing Demand For Gamification And Digital Classrooms
5.2.2 Increasing Popularity Of Interactive Whiteboard With Artificial Intelligence
5.2.3 Rise In Demand Of Cloud Based Interactive Whiteboard
5.3.1 Lack Of Skilled Professionals
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