Global Interactive Whiteboard Market, Analysis, Si...
RD Code : 53483Categories: Electronics & Semiconductor
Format :
Market Outlook:
The interactive whiteboard market size is poised to reach USD 4.31 Billion in 2018, with a projected escalation to USD 5.16 Billion by 2023, reflecting a compound annual growth rate (CAGR) of 3.69% during the forecast period (2024-2032).
An interactive whiteboard is a technology tool used in education and business to enhance presentations, collaborative learning, and brainstorming. It features a large touch-sensitive display surface that typically connects to computers and projectors, allowing users to interact with digital content using their fingers, pens, or other devices. Interactive whiteboards are designed to transform traditional learning and presentations into effective and meaningful experiences. Teachers use them to display educational materials, graphics, and multimedia content to make classrooms more interactive and visual. Students can directly interact with the white paper, solve problems, take tests, and participate in group activities to create a more engaging learning environment. In the business world interactive meetings facilitate discussion and presentation. Professionals can view documents, graphics, and files for the team to provide instant advice and corrections. Remote participants can also contribute, making it an essential tool for virtual meetings and teleconferences, improving communication and collaboration between assistants. Interactive whiteboards often come with software that allows users to draw, write, and manipulate digital content. They have become an integral part of today's classrooms, conference rooms, and training centers, encouraging interactive, effective communication and collaborative work.
Market Dynamics:
Driver:
The growing use of technology in education, especially in classrooms, boosts the growth of the interactive whiteboard market. These boards provide a forum for teachers to share information with students and have become popular in schools, colleges, and universities around the world. They offer interactive features, digital ink, multimedia support, and cloud connectivity, making them useful teaching tools. The ability to record and share classroom information and presentations, as well as access many other topics, makes them popular with teachers. Therefore, many companies are investing in the innovation and development of interactive whiteboards, and the market is expected to grow further in the coming years. Many drivers need to drive the development of this market. It is important to use new technologies such as tablets, computers, and interactive whiteboards in business education. At the same time, lifestyle changes due to the spread of COVID-19 and the rise of virtual classrooms have increased the demand for digital education. Moreover, the installation of portable interactive whiteboards in the business sector will also drive the market in the coming years. Therefore, these factors related to interactive whiteboards have increased the CAGR of the global interactive whiteboard market in recent years.
Restraint:
The high initial costs hamper the growth of the interactive whiteboard market. Interactive whiteboards (IWBs) require significant upfront investments, in contrast to standard whiteboards, which are reasonably priced and simple to replace. The cost of the hardware itself is considerable and includes the board, projector (if not integrated), and any specialist pens or touch-sensitive gadgets. These upfront expenses may be unaffordable, particularly for organizations or companies with little funding. Putting in an IWB requires more work than just putting up a conventional whiteboard on the wall. IWBs frequently need unique wiring, mounting, and placement especially when used in conjunction with projectors or other devices. To guarantee optimal operation, professional installation could be required, which raises the entire cost. For interactive features like real-time collaboration, annotation, and multimedia integration, IWBs need specific software. Usually, the hardware's base price does not include these software licenses; instead, they might need to be bought separately. Furthermore, certain software needs regular upgrades or subscriptions, which over time results in additional, recurring costs.
The increasing integration with advanced technologies creates a lucrative opportunity for the growth of the interactive whiteboard market. IWBs can provide individualized learning experiences with AI. AI can, for instance, assess a student's performance and learning preferences in a classroom and, based on that analysis, provide personalized lesson plans or exercises in real time. Artificial Intelligence (AI) can help in business settings by automating meeting notes, emphasizing important points, or even generating action items based on the discussion. AI-powered IWBs can recognize voices, so users can use the board hands-free by speaking commands. This can improve user engagement, especially for those who have mobility issues. Similar to this, gesture detection makes it possible to do more natural operations like zooming, swiping, and sketching on the board without requiring a physical tool. Artificial intelligence (AI) can be used to evaluate the data produced during lectures or meetings, offering insights on student involvement or pointing out areas that require more explanation. Presenters or educators might modify their strategy for improved outcomes with the aid of this real-time feedback.
Challenge:
IWBs are complex devices that require users to grasp how to use all of their functions, including integrated software, touch-based navigation, and digital pens. Users might not be able to properly employ these functions without the right training, which would turn the board from an advanced tool to a basic one. Proprietary software is frequently included with interactive whiteboards to manage meetings, lessons, and presentations. Technical literacy is necessary to use this software efficiently, comprehend its capabilities, and learn how to traverse it. The board's software must be used by staff members and teachers to automate chores, promote teamwork, and provide engaging lessons. Additionally, users must be instructed on how to calibrate the board when needed and troubleshoot small technical issues. This enables a smooth workflow and avoids needless delays during meetings or classes when technical issues occur.
Key Players:
Report Coverage | Details |
Market Size in 2023: | USD XX Billion |
2032 Value Projection: | USD XX Billion |
Growth Rate (CAGR) | XX% |
Forecast Period: | 2024 - 2032 |
Historical Period: | 2018 - 2022 |
Segments Covered | By Screen Size (Up to 69”, 70” – 90”, Above 90”) By Technology (Infrared, Resistive, Capacitive, Electromagnetic, Other Technologies) By Device Type (Portable Device, Fixed Device) By Application (Educational, Corporate Institutes, Government Institutes, Other Applications) |
Competitive Landscape | SMART Technologies (Canada), PLUS Corporation (Japan), Promethean (US), Turning Technologies (US), Panasonic (Japan), Ricoh (Japan), Hitevision (Japan), Hitachi (Japan), Returnstar (China), INTECH (US) |
Geographies Covered | North America (U.S., Canada, Mexico) Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe) Asia Pacific (China, Japan India, South Korea, and the Rest of Asia Pacific) Middle East & Africa (GCC, South Africa and the Rest of MEA) South America (Brazil, Argentina, and Rest of South America) |
Growth Drivers Which are booming the market |
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Challenges facing the industry |
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Market Analysis | PESTLE Analysis, PORTERS Analysis, NOISE analysis, Value/Supply Chain Analysis |
Competitive Analysis | Comprehensive mapping of the Competitive Landscape Comprising Merges & Acquisitions, Partnerships /Agreements/Joint Ventures, Expansion, New Product Launches, and other developments. Company Share Analysis |
Customization Scope | Available on your market scope and requirements |
Recent Development:
In February 2022, Visalia School District (VUSD) partnered with PowerSchool, a cloud service provider for K-12 education, to support decision-making and assessment. The partnership helps Visalia expand its ability to develop self-assessments and evaluate student performance.
In December 2022, the University of Nottingham, which has three international campuses (UK, China, and Malaysia), implemented Oracle PeopleSoft Campus Solutions. These solutions are integrated solutions that increase efficiency, reduce costs, and improve user experience for staff and students. These developments will further increase the growth of the market during the forecast period.
Segment Insights:
By Technology
The IR board segment will account for the majority of interactive whiteboard revenue in 2022. Infrared boards are the most commonly used type of interactive whiteboards, they work by detecting the position of the pen or finger on the board and sending this information to the computer. This type of board is popular due to its low cost, ease of use, and reliability. The IR board segment holds the majority of the interactive whiteboard market in 2022 due to its widespread use and affordable price.
By Screen Size
The 70-inch to 90-inch segment dominated the market in 2022 and is expected to be the fastest-growing segment during the forecast period of 2023 to 2030. The 70-inch to 90-inch segment will dominate the business in 2022 due to larger displays. They are becoming increasingly popular in educational and business environments due to their ability to display detailed and complex information. These larger screens also provide users with a more immersive experience, making them ideal for presentations and training. Interactive whiteboards have a positive impact on business growth in all aspects.
Regional Insights:
North America is expected to have the largest share in the interactive whiteboard market. The region has well-designed courses and high-tech classrooms, leading to a high demand for interactive whiteboards. Additionally, the presence of many leaders in the market contributes to the growth of the business in this field. The growth of the business sector in these regions and the increased use of technology in classrooms is increasing the demand for interactive whiteboards, and the market is expected to grow further in the coming years. Overall, the interactive whiteboard market is expected to grow steadily due to the use of technology in education and business and the increasing need for interactive conversation and presentation tools. Additionally, the American interactive whiteboard market holds the largest market, while the Canadian interactive whiteboard market is the largest in North America. It is expected to have the second-largest share in the interactive whiteboard market in Europe. Europe is home to many technologically advanced countries with high levels of technology in education, such as Germany and England. This has led to a high demand for interactive whiteboards in these countries. Many European countries have announced plans to promote the use of technology in education, contributing to the growing need for interactive whiteboards. In addition, the German interactive whiteboard market occupies the largest market, while the British interactive whiteboard market is the largest in Europe.
Segmentation:
By Technology
By Device Type
By Screen Size
By Application
By Region
North America
USA
Canada
Mexico
Europe
France
UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa
South America
Brazil
Argentina
Rest of South America
What to Expect from Industry Profile?
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Interactive Whiteboard market in the world.
Use PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Interactive Whiteboard market.
Leading company profiles reveal details of key Interactive Whiteboard market players’ global operations, strategies, financial performance & recent developments.
Add weight to presentations and pitches by understanding the future growth prospects of the Global Interactive Whiteboard market with forecast for the decade by both market share (%) & revenue (USD Million).
FAQ’s
1) What are the major factors driving the growth of the Global Interactive Whiteboard Market?
The integration of interactive whiteboards in modern education system are the major factors driving the growth of the Global Interactive Whiteboard Market
2) What would be the CAGR of the Global Interactive Whiteboard Market over the forecast period?
The Global Interactive Whiteboard Market is poised to grow at a CAGR of XX% from 2025 to 2032.
3) Which region will provide more business opportunities for the growth of the Global Interactive Whiteboard Market in the future?
The North America region is expected to create more opportunities in the market.
4) Who are the major players dominating the Global Interactive Whiteboard Market?
SMART Technologies (Canada), PLUS Corporation (Japan), Promethean (US), Turning Technologies (US), Panasonic (Japan), Ricoh (Japan), Hitevision (Japan), Hitachi (Japan), Returnstar (China), INTECH (US)
5) What are the segments in the Global Interactive Whiteboard Market?
By Screen Size, By Technology, By Device Type, and By Application are the industry key segments considered for research study.
6) What is the estimated market revenue for the Global Interactive Whiteboard Market in 2032?
The estimated revenue for the Global Interactive Whiteboard Market in 2032 is USD XX billion.
Base Year:2023
Historical Data:2018-2022
No of Pages:168
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