Interactive Whiteboard Market
Interactive Whiteboard Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Interactive Whiteboard Market is segmented by Type, Technology, Screen Size, and by Region. KDMI analyst foresees market revenue to cross USD 9.2 Billion by 2032 by growing with a CAGR of 7.5% during 2024-2032.
Interactive Whiteboard Market Highlights
The global interactive whiteboard market is expected to cross a value of USD 9.2 billion by the end of 2032. The market was valued at USD 6.4 billion in 2023 and is expected to expand at a CAGR of 7.5% between 2024-2032.
- Over the mid-term, the expanding education sector is the primary factor anticipated to drive the global interactive whiteboard market.
- The high cost of the product is a major factor to challenge the market growth.
- The North America interactive whiteboard market is projected to dominate the global market.
Interactive Whiteboard Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 6.4 Billion |
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Forecast Year |
2024-2032 |
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Forecast Year Market Size |
USD 9.2 Billion |
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CAGR Value |
7.5% |
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Interactive Whiteboard Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Interactive Whiteboard Market Segmentation |
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Interactive Whiteboard Market Key Players |
Hon Hai Precision Industry Co., Ltd., Hitachi Ltd., Samsung Group, LG Electronics Inc., Panasonic Corporation, DTEN, The Ricoh Company, Ltd., Google LLC, Cisco System, Inc., Smart Technologies Corporation, Microsoft Corporation, and others. |
Interactive Whiteboard Market Outlook
Interactive whiteboard is an interactive display system that allows its users to interact with the content displayed on the board. Also known as smart board, these whiteboards use stylus, finger, or other input devices for its interactive functionality.
Our experts at KD Market Insights predict that the expanding education sector and the growing need for higher education is one of the major factors predicted to drive the growth of the global interactive whiteboard market. Interactive whiteboard is used in the education sector to enhance engagement in classroom and also facilitate interactive learning. These interactive tools provide educators with dynamic teaching aids to help the students have a wider learning experience. Our take on the global higher education market predicts that the revenue to be generated by the end of 2032 would be USD 41.2 billion, thereby providing numerous opportunities for market growth. Hon Hai Precision Industry Co., Ltd, Hitachi Ltd. and Samsung Group are some of the significant parties in the global market for interactive whiteboard.
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Interactive Whiteboard Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global interactive whiteboard market are:
- Growing Shift Towards Hybrid Learning Models: Post the COVID-19 pandemic, the benefits associated with hybrid learning models has been actually realized. Educational institutions have largely made the shift towards remote and hybrid learning models, which in turn, has raised the need for interactive whiteboards. These learning models has also raised the need for the adoption of edTech and smart technologies classrooms, thereby providing a broad scope for market growth.
- Surge in Focus on Developing Technological Infrastructure in the Educational Sector: The government and private educational institutions worldwide are rapidly focusing on raising their investments and focus for the development of technological infrastructure in the education sector by the adoption of modern teaching tools. Hence, the growing focus on enhancing the quality of education by the use of modern teaching tools is expected to raise the demand for interactive white boards, and in turn, boost the market growth.
Which Probable Factors Could Hamper the Growing Interactive Whiteboard Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of interactive whiteboard are:
- High Cost of the Product: The price of interactive boards is often too high and the purchasing of these edTech tools may not be feasible for customers who have budget constraints. Such a factor is therefore expected to limit the market growth.
- Issues with Device Integration and Compatibility: Integrating interactive whiteboard systems with existing educational technology infrastructure, including other software applications and devices, is a major concern amongst the manufacturers of these products. The issues associated with compatibility of devices may produce several other challenges as well, thereby restricting the market growth.
How is the Global Interactive Whiteboard Market Segmented?
Our experts at KD Market Insights have segmented the global interactive whiteboard market as:
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By Type |
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By Technology |
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By Screen Size |
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By Region |
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What are the Probable Factors Influencing the North America Interactive Whiteboard Market Forecast?
The North America interactive whiteboard market is majorly driven by the increasing adoption of these whiteboard in corporate settings for use in presentations, meetings, and collaborative work. Further, the broadening government initiatives and funding programs witnessed in the region that are aimed at enhancing the educational technology infrastructure and promoting digital literacy, are also expected to contribute to the market growth.
As per our analysts at KD Market Insights, the following five players lead the North America interactive whiteboard market growth:
- SMART Technologies Inc.
- Promethean Limited
- Newline Interactive, Inc.
- Boxlight Corporation
- ViewSonic Corporation
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Key Countries to Watch for in North America Interactive Whiteboard Market |
Key Insights |
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United States Interactive Whiteboard Market to Register the Largest Regional Market Share in 2032 |
USD X.XX Million |
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Canada Interactive Whiteboard Market to Grow with the Highest CAGR During 2024-2032 |
X.XX% |
Which Key Players Top the Global Interactive Whiteboard Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global interactive whiteboard market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with interactive whiteboard market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global interactive whiteboard market share:
- Hon Hai Precision Industry Co., Ltd.
- Hitachi Ltd.
- Samsung Group
- LG Electronics Inc.
- Panasonic Corporation
- DTEN
- The Ricoh Company, Ltd.
- Google LLC
- Cisco System, Inc.
- Smart Technologies Corporation
- Microsoft Corporation
What are the Recent Developments Observed in the Interactive Whiteboard Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global interactive whiteboard market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Newline Interactive stated that it has entered into a partnership with Multi Touch Interactives (MTI) for creating the next generation of interactive educational activities, formatted for large format touch displays.
Further, Prowise shared that it has launched an interactive Android 11 whiteboard known as Touchscreen Ten G2, designed for use in classrooms.
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- Publication date: 11th March 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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