Market Synopsis: Global Interactive Whiteboard Market
Conventional classroom teaching has been transformed by digital learning. The emergence of e-learning courses and virtual classrooms increase in the demand for interactive whiteboard across the globe. Interactive whiteboard provides an engaging, adaptive, and user-friendly learning experience, has results gaining popularity among various sectors includes corporate, education, and government. Moreover, rapid digitalization, communication, and increasing high-tech institute in the society. Increasing investment in Information and Learning Technology (ILT) infrastructure in institutes, national training initiative, and mobile learning applications has transformed traditional board learning and teaching method. In addition, the government efforts to increase the literacy rate in developing nations also helps to drive the market. The interactive whiteboard market in emerging economies is expected to grow with a significant CAGR during the forecast period, 2022-2030.
Impact of Covid-19 pandemic on market
COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation’s population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.
Market Dynamics: Global Interactive Whiteboard Market
Rising adoption of smart learning and learn by fun techniques in institutes, the demand of interactive whiteboard is increasing day by day. Additionally, the advancement in technologies in several nations and increasing awareness regarding the high-tech education system. These are some factors which anticipated to drive the growth of the global interactive whiteboard market.
However, requirement of the skill personnel to operate interactive whiteboard and high cost of the board, these are the factors which may hamper the growth of the global interactive whiteboard market during the forecast period.
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As rapid technology advancements, companies are focusing on innovation to provide additional features in products. Artificial intelligence is such technology, which provides great opportunity to grow the interactive whiteboard market.
Market Segmentation: Global Interactive Whiteboard Market
The global interactive whiteboard market is segmented based on screen size, technology, end-user, distribution channel, and regions.
The global interactive whiteboard market is segmented based on screen size as Up to 69”, 70” – 90” and above 90”. The 70” – 90” segment holds a large amount of total market share. The 70” – 90”screen size interactive whiteboard is majorly driven by educational institutes and corporative offices and government where they are used in business meeting and training sessions.
Based on the distribution channel, the global interactive whiteboard market is segmented into retail and e-commerce. With considerable growth in the retail’s distribution channel, the global interactive whiteboard market is expected to experience significant CAGR in coming years.
Regional Overview: Global Interactive Whiteboard Market
In the region, the global interactive whiteboard market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, the North America interactive whiteboard market is projected to endure its dominance owing to demand from increasing e-learning and smart learning techniques. In addition, some of the major whiteboard manufacturing companies include Google, Qomo, Cisco are headquartered in this region. The Asia Pacific region is estimated to grow at the highest CAGR during forecast timespan. This growth can be attributed to promote interactive education driving the interactive whiteboard market in this region.
Competitive Landscape: Global Interactive Whiteboard Market
The key players operating in the global Interactive Whiteboard market include Smart technologies, Alphabet, Inc., Microsoft Corporation, Cisco Systems, Inc., Google LLC, Dell, InFocus Corporation, Boxlight, Egan Visual, Teamboard Inc., Hitachi, Ltd, PolyVision Corporation, Panasonic Corp., LG Electronics Ltd., Samsung Display Co., Ltd., BenQ, Seiko Epson Corporation, VESTEL A.S., and Samsung Electronics Co. Ltd., Hon Hai Precision Industry Co., Ltd., NEC Display (NEC) (Japan), Ricoh Company and other players. The market players have an opportunity to work on establishing and improving new distribution channels to attract the prominent consumer segment across developing countries.
Detailed Segmentation: Global Interactive Whiteboard Market
By Technology – Electromagnetic, Resistive, Infrared and Others
By End-user – Education, Corporate Industry, Government, , and Media and Entertainment
By Distribution Channel – RETAIL and E-commerce
Europe – Germany, UK, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America – Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2028. For the purpose of this study, analyst has segmented the global Interactive Whiteboard market report based on the screen size, technology, end-user, distribution channel, and region.
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Global Interactive Whiteboard Market, By Screen Size:
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