Interactive Whiteboard Market – Overview
The rise in the integration of smart technologies in classrooms and conferencing facility is favoring the market. Market reports associated with the semiconductor and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to soar with a 5% CAGR in the forecast period.
The intensifying demand for gamification and digital classrooms is expected to influence the market’s growth substantially. The demand for interactive display technologies and rising research & development activities that will refine the product offerings is expected to benefit the interactive whiteboard market positively. Entry of market players that have gained efficiency in similar sectors are entering the market and are offering a strong product portfolio which is benefitting the overall market growth.
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Segmental Analysis
The interactive whiteboard market trends is segmented on the basis of screen size, types, end-user, technology, and region. On the basis of type, the interactive whiteboard market is segmented into IR Boards, interactive ceramic board, and EM Boards. The segmentation on the basis of technology consists of resistive membrane, electromagnetic, infrared, ultrasonic, and laser scanner. On the basis of screen size, the market is segmented into 70” to 90”, Up to 69”, and Above 90”. The end user based segmentation of the market consists of education, corporate, government, and others. The education segment is additionally segmented into Pre-K-12 and higher education. The market spans regions such as Europe, Asia Pacific, North America, and Rest of the World.
Detailed Regional Analysis
The interactive whiteboard market trends includes regions such as Asia Pacific, North America, Europe, and Rest of the World. The North American region is likely to account for the chief share of the market and is also anticipated to develop at the fastest rate through the forecast period. The development of the market in the North American region is accredited to the growing demand for interactive whiteboard in the education sector. The North American region is trailed by the European region, where the market for interactive whiteboard is acquiring momentum owing to the growing adoption of intelligent whiteboards in Pre-K-12 and higher education. Meanwhile, in Asia Pacific nations such as Japan, China, and India among others, the market is growing due to progress in the electronics industry.
Competitive Analysis
The market has prominently nullified the market trials and thus is encouraging a boost in the number of companies in the market. The market is at the topmost production level and will be able to make better value for the firms in the market and its shareholders. The ability to utilize the economies of scale is proving to be positive for the market’s complete growth. The diversification of the product variety in the market is raising the prospects for the advancement of the market. The organization inclination in the market is reinforcing the level of expansion that can be achieved in the current market scenario. The development patterns are modified in tandem to the customer penchant to realize the maximum growth, and in the long run, viability.
The outstanding companies in the interactive whiteboard market are Hitachi, Ltd. (Japan), Google LLC (U.S.), Samsung Group (South Korea), Smart Technologies Corporation (U.S.), Hon Hai Precision Industry Co., Ltd. (Taiwan), Panasonic Corporation (Japan), LG Electronics Inc. (South Korea), The Ricoh Company, Ltd. (Japan), NEC Corporation (Japan), Cisco System, Inc. (U.S.), and Microsoft Corporation (U.S.) among others.
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Industry Updates:
May 2018 Microsoft has introduced the Surface Hub 2, an original new interactive whiteboard aimed at serving professionals to work artistically and collaboratively. The new device runs Windows 10 and highlights a 4K+ 50.5” touchscreen display that follows to Microsoft’s standard Surface 3×2 aspect ratio.
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