Overview:

The global interactive whiteboard market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The whiteboard having smart features and which responds or reacts to user input is known as interactive whiteboard. This board is also called as smart board or smart whiteboard. This board has the capability to connect multiple computers at single time to present the required data, connect internet for data access and digitize the tasks.

The interactive whiteboard is an advanced interactive teaching tool. Also, these boards are available in various sizes and owing to its features are gaining popularity in education and corporate sector as well.

Market Dynamics:

Rising education standards and adoption of advanced learning tools is resulting in growth of the global interactive whiteboard market. Also, increasing penetration of digital classrooms in order to enhance the learning experience is another major factor driving growth of the global market. In addition, growing government support for market penetration of advanced learning solutions and innovative products in education sector is among the other factors expected to support growth of the target market.

Moreover, growing digitization in the education sector, penetration of E-learning, and rising funding by various education societies/ industries for deployment of interactive learning models are some other factors propelling growth of the target market.

Furthermore, rising demand for interactive whiteboards among government and corporate offices across the globe is expected to support interactive whiteboard market growth in the near future. The suitable size of these boards, and advanced user-friendly learning experience are the key features resulting in high adoption of these boards in commercial sector.

However, high cost associated with interactive whiteboard and its accessories such as connecting devices and stylus is a key factor affecting growth of the target market. Additionally, lack of skilled professionals for efficient handling is another factor expected to limit growth of the global interactive whiteboard market to a certain extent.

Key Trends:

Product development and launches by key players is a key trend witnessed in the global interactive whiteboard market. This trend expected to bolster growth of the target market over the forecast period. For example, in May 2017, Panasonic Corporation has launched two touchscreen products viz. interactive display 4K direct with a 75-inch LED panel and a full HD direct-LED with a 65-inch panel.

In addition, major players approach toward merger and acquisition activities in order to enhance the market presence is another trend observed in the target market. For instance, in September 2018, Boxlight Corporation has completed the acquisition of EOSEDU, LLC. This acquisition is expected to increase the profit margin and revenue of Boxlight Corporation at significant rate in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global interactive whiteboard market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold major revenue share in the global market closely followed by the Europe. This is due to high government spending on development of education infrastructure, coupled with high adoption of advanced learning tools among institutes and corporates are key factors supporting growth of the target market in these region.

Additionally, presence of major players and strong purchasing power of educational institutes are among the other factors expected to support growth of the target market in North America and Europe region. However, Asia Pacific is expected to witness highest CAGR in the global interactive whiteboard market over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Interactive Whiteboard Market, By Technology:

• Infrared
• Resistive Membrane
• Electromagnetic Pen
• Capacitive
• Others

Global Interactive Whiteboard Market, By Screen Size:

• Up to 69 in
• 70-90 in
• Above 90 in

Global Interactive Whiteboard Market, By Application:

• Education
• Corporate
• Government

Key Players Covered:

Key players operating in the global interactive whiteboard market include, BenQ Corporation, Boxlight Corporation, Panasonic Corporation, LG Electronics Ltd., Promethean World plc, Seiko Epson Corporation, Samsung Electronics Co. Ltd., Vestel Poland Sp Z O O (Vestel Group), Sharp Corporation, and Promethean World Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Interactive Whiteboard Market by technology, screen size, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global interactive whiteboard market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.