Interactive Whiteboard
PUBLISHED: 2024 ID: SMRC27150
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Interactive Whiteboard

Interactive Whiteboard Market Forecasts to 2030 - Global Analysis By Type (Infrared, Resistive Membrane, Electromagnetic, Capacitive and Other Types), Component, Screen Size, Distribution Channel, End User and By Geography

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4.3 (22 reviews)
Published: 2024 ID: SMRC27150

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Interactive Whiteboard Market is accounted for $4.9 billion in 2024 and is expected to reach $8.3 billion by 2030 growing at a CAGR of 9.2% during the forecast period. An interactive whiteboard (IWB) is a large electronic display that connects to a computer, allowing users to project files and interact with content using touch gestures or special pens. It enhances traditional teaching methods by facilitating dynamic presentations, collaborative brainstorming, and interactive learning experiences. IWBs are widely used in classrooms, corporate boardrooms, and training facilities, integrating digital tasks, multimedia playback, virtual teaching aids, and internet connectivity.

According to the United States Department of Education, 75% of K-12 classrooms will be equipped with interactive whiteboards in 2023, up from 68% in 2022.

Market Dynamics: 

Driver: 

Growing adoption in education sector

The rise of interactive whiteboards (IWBs) in education is revolutionizing teaching and learning methods. These devices enable educators to deliver multimedia-rich content, such as videos and interactive simulations, which engages students and promotes active participation. Government initiatives aiming to enhance educational infrastructure are driving widespread deployment of IWBs, making them a crucial component in modernizing educational practices and improving student outcomes.

Restraint:

Technical complexity

The market faces challenges due to technical complexity in setting up and integrating these systems. This requires technical expertise and can slow adoption, especially in settings with limited technical skills. Additionally, ongoing maintenance and troubleshooting can deter organizations with limited IT support. Addressing these technical challenges through improved installation guides, user-friendly interfaces, and reliable support services could help mitigate this restraint and drive wider adoption of interactive whiteboards in various sectors.

Opportunity:

Increasing demand in corporate sector

The corporate sector is seeing a surge in the demand for interactive whiteboards due to their ability to enhance collaboration, productivity, and communication. These devices enable real-time annotation and remote collaboration, enabling teams to work together seamlessly. Despite their limited adoption compared to the education sector, the growing recognition of their benefits is driving demand for more interactive workspaces that promote creativity and efficiency.

Threat:

Limited compatibility

The market confronts substantial compatibility challenges due to the wide range of operating systems and applications deployed. This can hinder the effective utilization of interactive whiteboards, limiting functionality and creativity. Users may face difficulties in incorporating third-party applications, digital resources, or multimedia content, deterring potential customers. Addressing these compatibility issues through improved software solutions and enhanced integration capabilities is crucial for market expansion and user satisfaction.

Covid-19 Impact: 

The COVID-19 pandemic has significantly accelerated the adoption of interactive whiteboards in educational and corporate sectors. As institutions transitioned to remote learning, demand for these tools increased, enabling multimedia content presentation and effective collaboration. Businesses also used interactive whiteboards for virtual meetings and training sessions, reducing costs. The pandemic underscored the need for digital learning tools, driving investments in technology and infrastructure. 

The resistive membrane segment is expected to be the largest during the forecast period

The resistive membrane is expected to be the largest during the forecast period. Resistive membrane technology is a popular segment in the market due to its affordability and user-friendly features. It uses a flexible membrane overlay that responds to touch and pressure, allowing users to interact with the board using fingers or styluses. Its versatility makes it suitable for various sectors, including education, corporate environments, and retail displays, driving its continued growth and adoption in the market.

The commercial segment is expected to have the highest CAGR during the forecast period

The commercial segment is expected to have the highest CAGR during the forecast period. Interactive whiteboards are increasingly being used in the commercial sector to enhance presentations, training programs, and collaborative work environments. They facilitate real-time communication, visualization, and collaboration, improving productivity and fostering innovation. They are also used in sales presentations, product demonstrations, and customer engagement initiatives. 

Region with largest share:

North America is expected to have the highest market share over the projection period characterized by its robust adoption in educational and corporate sectors. The presence of key players and intense competition among manufacturers contribute to continuous growth, as companies strive to develop novel solutions that meet the evolving needs of users. Additionally, the increasing investment in educational infrastructure and digital learning initiatives further stimulates demand for the market.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period. The region is witnessing a surge in e-learning initiatives and the integration of technology in classrooms, enhancing the overall learning environment. The presence of key players and ongoing investments in educational infrastructure further highlight the substantial opportunities for interactive whiteboards in the market, positioning it for continued expansion in the coming years.

Key players in the market

Some of the key players in Interactive Whiteboard market include Hitachi Solutions, Panasonic Corporation, LG Electronics, Samsung Electronics, Sharp Corporation, Google LLC, Cisco Systems, Inc., Microsoft, ViewSonic Corporation, Fujitsu Limited, Genee World, Boxlight, Microsoft, Promethean Limited and The Ricoh Company, Ltd.

Key Developments:

In March 2024, Cisco introduced the Cisco Board Pro G2, an AI-fueled, touch-enabled collaboration device designed for hybrid work environments. This multifunctional device caters to various workspace sizes, including huddle spaces and meeting rooms, providing equitable experiences for all participants, whether they are in-person or remote.

In May 2023, LG Electronics introduced its LG CreateBoard series of interactive whiteboards designed specifically for educational environments. The series includes models in various screen sizes, including 86"", 75"", 65"", and 55"", all featuring 4K UHD IPS displays with multi-touch capabilities.

Types Covered:
• Infrared
• Resistive Membrane
• Electromagnetic
• Capacitive
• Other Types 

Components Covered:
• Hardware
• Software
• Services 

Screen Sizes Covered:
• Up to 69 inches
• 70 to 90 inches
• Above 90 inches 

Distribution Channels Covered:
• Direct Sales
• Retail Stores
• Specialty Stores
• Distributors 
• E-Commerce Platforms

End Users Covered:
• Education
• Corporate
• Government
• Commercial
• Healthcare
• Retail
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 End User Analysis       
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Interactive Whiteboard Market, By Type     
 5.1 Introduction       
 5.2 Infrared        
 5.3 Resistive Membrane      
 5.4 Electromagnetic       
 5.5 Capacitive       
 5.6 Other Types       
          
6 Global Interactive Whiteboard Market, By Component    
 6.1 Introduction       
 6.2 Hardware       
 6.3 Software        
 6.4 Services        
          
7 Global Interactive Whiteboard Market, By Screen Size    
 7.1 Introduction       
 7.2 Up to 69 inches       
 7.3 70 to 90 inches       
 7.4 Above 90 inches       
          
8 Global Interactive Whiteboard Market, By Distribution Channel   
 8.1 Introduction       
 8.2 Direct Sales       
 8.3 Retail Stores       
 8.4 Specialty Stores       
 8.5 Distributors        
 8.6 E-Commerce Platforms      
          
9 Global Interactive Whiteboard Market, By End User    
 9.1 Introduction       
 9.2 Education       
 9.3 Corporate       
 9.4 Government       
 9.5 Commercial       
 9.6 Healthcare       
 9.7 Retail        
 9.8 Other End Users       
          
10 Global Interactive Whiteboard Market, By Geography    
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia      
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa     
          
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions       
 11.5 Other Key Strategies      
          
12 Company Profiling        
 12.1 Hitachi Solutions       
 12.2 Panasonic Corporation      
 12.3 LG Electronics       
 12.4 Samsung Electronics      
 12.5 Sharp Corporation       
 12.6 Google LLC       
 12.7 Cisco Systems, Inc.       
 12.8 Microsoft        
 12.9 ViewSonic Corporation      
 12.10 Fujitsu Limited       
 12.11 Genee World       
 12.12 Boxlight        
 12.13 Microsoft        
 12.14 Promethean Limited      
 12.15 The Ricoh Company, Ltd.      
          
List of Tables         
1 Global Interactive Whiteboard Market Outlook, By Region (2022-2030) ($MN)  
2 Global Interactive Whiteboard Market Outlook, By Type (2022-2030) ($MN)  
3 Global Interactive Whiteboard Market Outlook, By Infrared (2022-2030) ($MN)  
4 Global Interactive Whiteboard Market Outlook, By Resistive Membrane (2022-2030) ($MN) 
5 Global Interactive Whiteboard Market Outlook, By Electromagnetic (2022-2030) ($MN) 
6 Global Interactive Whiteboard Market Outlook, By Capacitive (2022-2030) ($MN)  
7 Global Interactive Whiteboard Market Outlook, By Other Types (2022-2030) ($MN)  
8 Global Interactive Whiteboard Market Outlook, By Component (2022-2030) ($MN)  
9 Global Interactive Whiteboard Market Outlook, By Hardware (2022-2030) ($MN)  
10 Global Interactive Whiteboard Market Outlook, By Software (2022-2030) ($MN)  
11 Global Interactive Whiteboard Market Outlook, By Services (2022-2030) ($MN)  
12 Global Interactive Whiteboard Market Outlook, By Screen Size (2022-2030) ($MN)  
13 Global Interactive Whiteboard Market Outlook, By Up to 69 inches (2022-2030) ($MN) 
14 Global Interactive Whiteboard Market Outlook, By 70 to 90 inches (2022-2030) ($MN) 
15 Global Interactive Whiteboard Market Outlook, By Above 90 inches (2022-2030) ($MN) 
16 Global Interactive Whiteboard Market Outlook, By Distribution Channel (2022-2030) ($MN) 
17 Global Interactive Whiteboard Market Outlook, By Direct Sales (2022-2030) ($MN)  
18 Global Interactive Whiteboard Market Outlook, By Retail Stores (2022-2030) ($MN)  
19 Global Interactive Whiteboard Market Outlook, By Specialty Stores (2022-2030) ($MN) 
20 Global Interactive Whiteboard Market Outlook, By Distributors  (2022-2030) ($MN)  
21 Global Interactive Whiteboard Market Outlook, By E-Commerce Platforms (2022-2030) ($MN) 
22 Global Interactive Whiteboard Market Outlook, By End User (2022-2030) ($MN)  
23 Global Interactive Whiteboard Market Outlook, By Education (2022-2030) ($MN)  
24 Global Interactive Whiteboard Market Outlook, By Corporate (2022-2030) ($MN)  
25 Global Interactive Whiteboard Market Outlook, By Government (2022-2030) ($MN)  
26 Global Interactive Whiteboard Market Outlook, By Commercial (2022-2030) ($MN)  
27 Global Interactive Whiteboard Market Outlook, By Healthcare (2022-2030) ($MN)  
28 Global Interactive Whiteboard Market Outlook, By Retail (2022-2030) ($MN)  
29 Global Interactive Whiteboard Market Outlook, By Other End Users (2022-2030) ($MN) 
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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