Interactive Whiteboard Market Report 2024: Market Analysis

The interactive whiteboard market size has grown steadily in recent years. It will grow from $4.72 billion in 2023 to $4.89 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to user training and support, integration with multimedia content, increased efficiency in meetings, adoption of remote teaching tools, focus on interactive learning, integration with digital tools..

The interactive whiteboard market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to sustainability and eco-friendly solutions, incorporation of ai and smart features, continued focus on mobile integration, user-centric design and interface, growing adoption in emerging markets.. Major trends in the forecast period include remote and hybrid learning, collaborative workspaces, advancements in touch and pen technology, integration with remote collaboration tools, interactive learning tools..

Market Overview -
Interactive whiteboard refer to an interactive display in the shape of a whiteboard that responds to human input either directly or through other devices. The interactive whiteboard enables users to project files and interact with them on a board's surface. Interactive whiteboards can digitize tasks and operations to convey messages, show information, and participate in group brainstorming.

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Government Initiatives Drive Growth Of The Interactive Whiteboard Market In Digital Education
The government initiatives for digital education are driving the interactive whiteboard market. Digital education is a creative application of current technologies and digital tools to aid in the advancement of teaching and learning. Digital education is the future of obtaining education via the use of technology and digital gadgets. During COVID-19 pandemic, digital education played an important role in imparting knowledge. Digital education has grown in popularity dramatically in recent years. Due to technological advancements, people of all ages may now study at a distance and through various mediums, ranging from video tutorials to infographics and slideshows. Interactive whiteboards aid digital education by creating a classroom environment anytime and anywhere. Governments in different countries are taking initiatives to promote digital education so that the people can learn and grow as and when they need it. For instance, in 2021, the Indian government launched the National Digital Educational Architecture (NDEAR) in the Union Budget 2021-22 to develop digital infrastructure and assist educational planning efforts. The NDEAR aspires to provide distinct education ecosystem architecture to expand digital infrastructure in the country while ensuring stakeholders' autonomy, particularly states and union territories. Therefore, increasing government initiatives for digital education is expected to boost demand for interactive whiteboard during the forecast period.

Competitive Landscape -
Major companies operating in the interactive whiteboard market report are Boxlight Corporation, Cisco Systems Inc., Hon Hai Precision Industry Co. Ltd., Google LLC, Hitachi Ltd., Microsoft Corporation, Seiko Epson Corporation, SMART Technologies ULC, LG Display Co. Ltd., Samsung Electronics Co Ltd., BenQ Corporation, Panasonic Corporation, Promethean Limited, Horizon Display Inc., Planar Systems Inc., Ricoh Company Ltd., Sharp NEC Display Solutions of America Inc., ViewSonic Corporation, DTEN Inc., Xiamen Interactive Technology Co. Ltd., Genee World Limited, I3 SOLUTIONS INC., Starboard Solution Inc., TRIUMPH BOARD a. s., ELMO COMPANY LIMITED, InFocus Corporation, PKLNS Co. Ltd., ISCommunications Co. Ltd., Tamtus Tamtus Co. Ltd., Anyractive PenAndFree Co. Ltd.

The Rise Of Portable Interactive Whiteboards In Education And Corporate Sectors
The use of portable interactive whiteboard (IWB) in the education and corporate sector has become a key trend gaining popularity in the interactive whiteboard market. Interactive whiteboards are helping teachers, students, and businesses to promote collaboration and active participation by enhancing creativity and expanding the learning space using technology. A portable interactive whiteboard can connect to any computer using USB or other ports and captures IR pen movement on the projected screen through its inbuilt IR sensors. The portability makes the learning process smooth and continuous. In July 2021, RICOH, a Japanese electronics company, launched the world's thinnest and lightest portable digital whiteboard that can be used in medical, construction, and office settings. The RICOH eWhiteboard 4200 is intended to link remote locations with central offices and each other in order to foster smarter workplaces by digitizing conventional analog pen-based processes. With its ability to be utilized in many orientations-displayed on an easel, flat on a table, or hanging on the wall-the ultra-portable device is beneficial in locations where a power source is not conveniently accessible.

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Key Segments -

The interactive whiteboard market covered in this report is segmented -

1) By Form: Fixed, Portable
2) By Screen Size: IWBs with a Screen Size Up to 69", IWBs with a Screen Size Ranging from 70"-90", IWBs with a Screen Size Above 90"
3) By Technology: Resistive Whiteboard, Capacitive Whiteboard, Electromagnetic Whiteboard, Optical Whiteboard, Other Technologies
4) By End User: Education, Healthcare, Retail, Corporate, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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