Digitalization and Technological Advancements Favoring Interactive Whiteboard Market Growth

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Interactive Whiteboard Market.

Market Scope

The burgeoning information and communication technology of which interactive whiteboards are observed to contribute largely. Hence, Market Research Future (MRFR) predicted that the global interactive whiteboard market growth can spur, registering an impressive CAGR during the forecast period (2018-2023).

Market Scenario

Interactive whiteboard is an excellent scientific approach, explicitly promoting intelligible communication. Hence, its growing adoption is anticipated to surge the global interactive whiteboard market. Interactive whiteboard offers high degree of interactiveness. Owing to the feature interactive whiteboard is noted to gain popularity in both the education and corporate sectors. In the education sector, the growing number of digital classrooms to promote quality education (virtual learning and e-learning), especially for special children is expected to escalate the growth of interactive whiteboard market. Alongside, effective communication underlines the progress of the corporate world. Hence, the demand for better interaction is anticipated to shoot up the growth curve of the global interactive whiteboard market.

The sharp penetration of digitalization is observed to be a strong booster for the global interactive whiteboard market. Additionally, technical advancements like artificial intelligence are observed to cast a positive influence on the global interactive whiteboard market expansion. Extensive research and developmental activities, which can result in the launching of new products, adding to the already existing types of interactive whiteboard is identified to favor the global interactive whiteboard market. However, high pricing and technical laggings can hinder the expansion of the global interactive whiteboard market.

Segmental Outline

The global interactive whiteboard market has been segmented on the basis of types, screen size, technology, and end-user.

Based on the type, the global interactive whiteboard market has been segmented into IR Boards, interactive ceramic board, and EM Boards.

Based on the technology, the global interactive whiteboard market has been segmented into ultrasonic, infrared, electromagnetic, resistive membrane, and laser scanner.

Based on the screen size, the global interactive whiteboard market has been segmented into Up to 69”, 70” to 90”, and Above 90”.

Based on the end users, the global interactive whiteboard market has been segmented into education, corporate, government, and others. The education segment is observed to expand at a fast-pace due to the escalation in the adoption of interactive whiteboard by the education sector. The education segment has been further classified into Pre-K-12 and higher education.

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Regional Outlook

Regionally, the global interactive whiteboard market has been analyzed across three key regions and the Rest of the World (RoW). North America, Europe, and Asia Pacific are three important regions across which the interactive whiteboard market has been studied.

The growing demand for interactive whiteboard in the education sector in North America is prompting its sales volume. Hence, due to the growing popularity of interactive whiteboard owing to its better interactive feature is expected to spur the interactive whiteboard market growth. Additionally, the rising need for proactive method to hold effective corporate meetings is being aided by using interactive whiteboard. Therefore, the North American interactive whiteboard market is likely to secure the prime position globally.

After North America, Europe boasting of its technical advancements is encouraging research and developmental activities. This, is expected to surge the European interactive whiteboard market, as innovations add to the already available types of interactive whiteboard.

The interactive whiteboard market in Asia Pacific is anticipated to expand due to the surge in the adoption of interactive whiteboard, especially by Pre-K-12. MRFR asserts that the APAC interactive whiteboard market is poised to expand, attaining an appreciable revenue by the end of the evaluation period. Emerging economies like China, India, and Japan are noted to garner a lucrative CAGR over the review period owing to the flourishing electronics industry.

Prominent Companies

Google LLC (U.S.), Hon Hai Precision Industry Co., Ltd. (Taiwan), LG Electronics Inc. (South Korea), The Ricoh Company, Ltd. (Japan), Panasonic Corporation (Japan), Hitachi, Ltd. (Japan), Samsung Group (South Korea), NEC Corporation (Japan), Smart Technologies Corporation (U.S.) and Microsoft Corporation (U.S.), and Cisco System, Inc. (U.S.) are some of the eminent companies which are operating in the global interactive whiteboards market.