Market Scope
The burgeoning information and communication technology of which interactive whiteboards are observed to contribute largely. Hence, Market Research Future (MRFR) predicted that the global interactive whiteboard market growth can spur, registering an impressive CAGR during the forecast period (2018-2023).
Market Scenario
Interactive whiteboard is an excellent scientific approach, explicitly promoting intelligible communication. Hence, its growing adoption is anticipated to surge the global Interactive Whiteboard Market Share. Interactive whiteboard offers high degree of interactiveness. Owing to the feature interactive whiteboard is noted to gain popularity in both the education and corporate sectors. In the education sector, the growing number of digital classrooms to promote quality education (virtual learning and e-learning), especially for special children is expected to escalate the growth of interactive whiteboard market. Alongside, effective communication underlines the progress of the corporate world. Hence, the demand for better interaction is anticipated to shoot up the growth curve of the global interactive whiteboard market.
The sharp penetration of digitalization is observed to be a strong booster for the global interactive whiteboard market. Additionally, technical advancements like artificial intelligence are observed to cast a positive influence on the global interactive whiteboard market expansion. Extensive research and developmental activities, which can result in the launching of new products, adding to the already existing types of interactive whiteboard is identified to favor the global interactive whiteboard market. However, high pricing and technical laggings can hinder the expansion of the global interactive whiteboard market.
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Segmental Analysis
The interactive whiteboard market 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.
Key Players:
Some of the prominent players in the global interactive whiteboard market are Hon Hai Precision Industry Co., Ltd. (Taiwan), Hitachi, Ltd. (Japan), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), NEC Corporation (Japan), The Ricoh Company, Ltd. (Japan), Google LLC (U.S.), Cisco System, Inc. (U.S.), Smart Technologies Corporation (U.S.) and Microsoft Corporation (U.S.) among others.
Detailed Regional Analysis
The interactive whiteboard market 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.
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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.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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