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An interactive whiteboard market is a kind of display in the form of the whiteboard. It is used to control computers through projectors. They can be used either as a touch screen computer or as a connectable apparatus. This system is used in delivering content in classrooms, training room, corporate boardrooms, and others. However, the growing inclination towards technology has increased the demand of the market.
The interactive whiteboard market is accounted for USD 4.3 Billion in 2018 and will reach USD 5.1 Billion by 2023. Further, the market is subjected to CAGR of 3.6% during the forecasted span of 6 years. The major factor behind the growth of the market is the adoption of e-learning in education as well as corporate sectors.
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(1) They are interesting to watch and offer effective learning.
(2) They are easily accessible.
(3) It helps students with hearing impairment to benefit visual presentation.
(4) Learning is easier because of the different learning styles.
(5) Every person can explore learning in his or her own way.
(6) It increases engagement among people and enhances communication
(7) It facilitates effective communication
The interactive whiteboard market is bifurcated into type, application and technology. By type, it is bifurcated into fixed and portable. By application, it is bifurcated into the education sector, corporate sector and government sector. By technology, it is bifurcated into infrared, resistive, capacitive, and electromagnetic and others. The market is highly productive and holds a significant contribution to the overall revenue of the market. The infrared technology is expected to hold the largest share in the market because it is easier to operate than any other technologies.
The interactive whiteboard market is expected to evaluate the market in various geographical areas. The market is geographically distributed in North America, Europe, Asia-Pacific and the Middle East and many others. The market holds a major share in the U.K. across schools and corporate offices. However, emerging economies like China and India also have a positive impact on the overall market demand because of the rise in education scenario and the adoption of new teaching styles.
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The major competitors of the interactive whiteboard market are -Google LLC, Panasonic Corporation, Samsung Display Ltd., LG Display, Microsoft Corporation, Cisco Systems, Inc., Ricoh Ltd., NEC Corporation, FOXCONN Technology, Hitachi Ltd., Egan Team board Inc., Turning Technologies, Xiamen Interactive Technology Corporation and Other Prominent Players. These companies are running so well at their competitive graphs and providing tough competition in the market. They are continuously implementing new plans and policies in order to sustain in the fast-changing environment.