An interactive whiteboard is referred to an instructional tool that enables the computer images to be displayed with high-resolution, smooth handwriting and easy remote image sharing onto a board using a digital projector. The interactive whiteboard supports various input devices, including desktops, laptops, and USB drives to display multi-media materials, such as texts, images, audio and video documents.
The global Interactive Whiteboard Market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market in North America is expected to witness significant growth and hold the largest share of the global market during the forecast period. U.S. and Canada are anticipated to drive the growth of the interactive whiteboard market in this region owing to the presence of a large number of established key players such as Google LLC, Cisco System, Inc., Microsoft Corporation. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future.
The Global Interactive Whiteboard market is projected to reach USD 5 billion at a CAGR of over 5% by the end of the forecast period 2017-2023.
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Global Interactive Whiteboard Market Segmentation
The global interactive whiteboard market is segmented by type, technology, screen size, end-user, and region. By type the market is segmented into Interactive Ceramic Board, IR Boards, and EM Boards. Based on technology, the market is segmented into infrared, resistive membrane, ultrasonic, electromagnetic, and laser scanner. Based on the screen size, the market is segmented into Up to 69”, 70” to 90” and Above 90”. Based on the end users, the market is segmented into education, corporate and government. The segment education is sub-segmented into Pre-K-12 and higher education. The market is covered across regions including North America, Europe, Asia Pacific, and the rest of the World.
Some of the prominent players in the global interactive whiteboard market are Hon Hai Precision Industry Co., Ltd. (Taiwan), Hitachi, Ltd. (Japan), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), NEC Corporation (Japan), The Ricoh Company, Ltd. (Japan), Google LLC (U.S.), Cisco System, Inc. (U.S.), Smart Technologies Corporation (U.S.) and Microsoft Corporation (U.S.) among others.
The global interactive whiteboard market is studied for Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market and is also expected to grow with the fastest rate during the forecast period. The growth of the market in North America is attributed to the increasing demand for interactive whiteboard in the education sector. North America is followed by the European region, where the market of interactive whiteboard is gaining momentum due to increasing adoption of intelligent whiteboards in Pre-K-12 and higher education. Whereas, in Asia Pacific countries including China, Japan, and India among others, the market is also growing due to advancements in the electronics industry.
May 2018: Acer Inc., a Taiwan based multinational hardware and Electronics Company, introduced a new school program that supports schools to implement a new teaching and learning environments. The software solutions and apps are designed to support always-connected learning environments, including Acer Smart Touch that turns any flat surface into an interactive whiteboard and DADA that helps to deploy education Apps on Android tablets.
February 2017: IBM Corp. entered into partnership agreement with The Ricoh Company, Ltd. to introduced an interactive whiteboard that leverages the power of supercomputer and its artificial intelligence. This whiteboard translates verbal communications in real time into a multitude of languages.
January 2017: Cisco System, Inc. launched Spark Board, incorporated with interactive whiteboard capabilities, for whiteboard-based collaboration and Spark Meetings to offer a new way of understanding and developing the learning skill among people.
The Global Interactive Whiteboard market is expected to grow with a CAGR of approximately 5% during the forecast period 2017-2023.
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- Technology Investors
- Research/Consultancy Firms
- Consulting Service Providers
- System integrators
- Interactive Whiteboard Solution Providers
- Cloud Service Providers
- Technology Providers
- Interactive Whiteboard Providers
- Universities and research organizations
- Investors and venture capitalists
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