Interactive Whiteboard Market Size to Reach USD 7.35 Billion by 2030 at a CAGR of 6.0% - Valuates Reports
BANGALORE, India, Aug. 12, 2021 /PRNewswire/ -- The Interactive Whiteboard (IWB) Market is Segmented by Offering (Hardware and Software), Form Factor (Fixed and Portable), Screen Size (Less than 50 Inch, 50 Inch to 70 Inch, 71 Inch to 90 Inch, and Greater than 90 Inch), Technology (Infrared, Resistive, Capacitive, Electromagnetic, and Others), and End user (Education, Healthcare, Retail, Corporate, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. This report is published on Valuates Reports under Computer Components Category.
The global interactive whiteboard (IWB) market size was valued at USD 4.29 Billion in 2020 and is projected to reach USD 7.35 Billion by 2030 to register a CAGR of 6.0% from 2021 to 2030.
Major factors driving the growth of the Interactive Whiteboard market are:
- Various government efforts targeted at converting traditional chalk blackboard classrooms to digital classrooms to make it more engaging, as well as the growing importance of virtual learning and e-learning settings, are projected to drive the Interactive whiteboard market.
- IWB allows sharing content directly from personal devices such as mobiles and tabs easily allowing meetings to progress more fluidly and reduces downtime. This in turn is expected to increase its adoption in Corporates.
- Growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard (IWB) industry as top-tier schools are trying to stand out by incorporating IWB and other advanced facilities.
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TRENDS INFLUENCING THE GROWTH OF THE INTERACTIVE WHITEBOARD MARKET
The increasing demand from the education sector and rapid digitalization across the globe are expected to drive the growth of the Interactive Whiteboard market. Interactive whiteboards combine several types of learning into a single experience. Students can learn by looking at, hearing about, and touching the board. This provides teachers with new and creative ways to teach the same curriculum. Students learn and remember more as a result of this.
The rise in the trend of smart & touch-based devices drives the interactive whiteboard (IWB) market growth. Mobile devices such as computers, tablets, and smartphones can even be integrated into interactive whiteboard solutions. It can be linked to these devices directly or wirelessly, and you can easily annotate information that will be reflected on other devices. It also works the other way around: sketch on the smartphone and see it mirrored in real-time on the display. This allows for another layer of collaboration. Sharing content directly from devices easily allows meetings to progress more fluidly and reduces downtime.
Furthermore, interactive whiteboards have been shown to help students learn in a more interactive and engaging way. Primary school students have short attention spans, so interactive whiteboards provide a variety of ways to keep them engaged. This is in turn expected to increase their adoption in the education sector, thereby driving the interactive whiteboard market.
Considerable investments in ILT infrastructure in colleges, the creation of digital material and mobile learning applications, and national training initiatives are expected to propel the growth of the interactive whiteboards market.
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INTERACTIVE WHITEBOARD MARKET SHARE ANALYSIS
Based on end-users, the Education segment is expected to hold the largest market share during the forecast period. In the education industry, interactive whiteboards (IWBs) are becoming more popular as they assist teachers in demonstrating topics through increased visualization and the usage of images and graphics acquired from the internet.
Based on technology, the resistive segment is projected as one of the most lucrative segments. Touch-based interactions are supported by a resistive membrane-based interactive whiteboard that may be operated entirely with a finger or a stylus. Over the projected period, the cost-effective aspect is also expected to drive the expansion of interactive whiteboards with resistive technology.
Based on region, Asia-Pacific would exhibit the highest CAGR of 7.9% during 2021-2030. This dominance of Asia Pacific is attributed to the increase in newborn population and emphasis on education.
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INTERACTIVE WHITEBOARD INDUSTRY SEGMENTATION
By Offering
- Hardware
- Software.
By Form Factor
- Fixed
- Front Projection
- Less than 50 Inch
- 50 Inch to 70 Inch
- 71 Inch to 90 inch
- Greater than 90 Inch
- Rear Projection
- Less than 50 Inch
- 50 Inch to 70 Inch
- 71 Inch to 90 inch
- Greater than 90 Inch
- Portable
- Front Projection
- Less than 50 Inch
- 50 Inch to 70 Inch
- 71 Inch to 90 inch
- Greater than 90 Inch
- Rear Projection
- Less than 50 Inch
- 50 Inch to 70 Inch
- 71 Inch to 90 inch
- Greater than 90 Inch.
By Screen Size
- Less than 50 Inch
- 50 Inch to 70 Inch
- 71 Inch to 90 inch
- Greater than 90 Inch.
By Technology
- Infrared
- Resistive
- Capacitive
- Electromagnetic
- Others.
By End User
- Education
- Healthcare
- Retail
- Corporate
- Others.
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY Companies
- Hitachi
- Horizon Display Inc.
- LG Electronics
- Microsoft Corporation
- Planar Systems (Leyard Optoelectronic)
- Ricoh
- Samsung Electronics Co. Ltd.
- Seiko Epson Corporation
- Sharp NEC Display Solutions of America, Inc.
- Viewsonic Corporation.
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SIMILAR REPORTS
- The Portable Interactive Whiteboard Market is segmented by Type Front Projection, Rear Projection, by Application Education, Corporate, Commercial and by various regions.
- The Interactive Touch Screen Devices Market is segmented by Type Interactive Touch Table, Interactive Flat Panel Display, Interactive Whiteboard, by Application Education, Business, Government and by various regions.
- The Online Whiteboards market is segmented by Type Android Systems, IOS Systems, Windows Systems, by Application Commercial, Individual and by various regions.
- Virtual Classroom Market size is expected to grow from USD 10.46021 Billion in 2019 to USD 26.78647 Billion by 2025, at a CAGR of 16.96%.
- LCD Interactive Display Market is segmented by Type 17 "- 32" Inches, 32 inches - 65 Inches, Above 65 Inches, by Application Retail, Hotel, Medical, Entertainment and by various regions.
- LED Interactive Display Market
- Online Whiteboard Software market
- K12 Education Technology Market
- Smart Education and Learning Management Market
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