According to a new market research report published by Credence Research “Interactive Whiteboard Market (by Technology: Restive Whiteboard, Capacitive Whiteboard, Optical Whiteboard, and Others (Ultrasonic, Infrared, etc.); by Projection: Front Projection and Rear Projection; by End-users: Educational, Corporate, Government and Others (Commercial, Military & Defense, Aerospace, etc.) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the interactive whiteboard market was valued US$ 3,351.3 Bn in 2017 and estimated to grow with a CAGR of 4.63% during the forecast period from 2018 to 2026.
Modern education system witnessed several drastic and positive changes in last decade or two. More emphasis on learning and understanding opened numerous new avenues of teaching and knowledge sharing. Interactive whiteboard is one such technology witnessing a consistent growth both in educational as well as commercial sector. Interactive whiteboards were introduced as a tool for corporate conferences and meeting for encouraging participation. However, the technology was open heartily accepted by education sector and added a new chapter in e-learning. With educational institutes reaching new heights and race to upgrade conventional teaching methods helped interactive whiteboards market to flourish.
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North America region appeared as a pioneer in interactive whiteboard market owing to vast education institutes, universities and corporate sector. Countries in the region including the U.S. and Canada are bringing a paradigm shift in their educational systems and thus, promoting the use of interactive whiteboard. North America is followed by Europe owing to their strong commercial sector and their positive approach towards techniques such as e-learning. Asia Pacific projected to witness a sluggish growth throughout the forecast period from 2018-2026. Several countries in the region lack proper educational infrastructure and the market is solely contributed by the flourishing corporate sector.
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Overall competitive landscape of interactive whiteboards market is highly fragmented with leading computing and communication giants claiming the major chunk of the market. The resulted in limited opportunities for small and local players to make their mark. Major companies engaged themselves in improving their existing products and acquire contract from educational institutes and corporate sector to maintain their market position. Few of the major notable players profiled in this research study Samsung Electronics Co. Ltd., Cisco Systems, Inc. Hitachi Ltd., Panasonic Corp., Microsoft Corporation, Google, Inc., LG Electronics Ltd., Sharp Corp., BenQ Corp., Vestel Elektronik Sanayi e Ticaret AS, PolyVision Corp., Promethean World plc, QomoHiteVision LLC, Seiko Epson Corp., Smart Technologies Inc., Julong Educational Technology Co. Ltd. among others.
Key Analysis Covered:
- Current trends and progress in interactive whiteboards market and prospects for interactive whiteboard vendors
- Educational ideology such as e-learning and consistently growing corporate sector providing a healthy environment for interactive whiteboards market
- Different segmentation of interactive whiteboard based on technology, projection, end-user, and their most appropriate market estimation considerable several global and local parameters
- Largest and fastest growing segments in terms of technology, projection, and end-user
- Ranking of geographical regions/ countries based on their market size and attractiveness for the interactive whiteboards market
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