The latest report published by IMARC Group, titled “Interactive Whiteboard (IWB) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global interactive whiteboard (IWB) market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global interactive whiteboard (IWB) market reached a value of US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2027, exhibiting a CAGR of 7.2% during 2022-2027.
An interactive whiteboard (IWB), also known as a smartboard, is a digital device that enables users to project files and interact with them directly on the board’s surface using a tool or even a finger. It has a large touch-sensitive display panel that allows graphics, animations and high-resolution visuals to be displayed on the screen. It also comes with numerous tools used for writing, illustrating, scribbling or doodling purposes. Since these boards offer an adaptive, engaging and user-friendly learning experience, they help increase productivity, support innovative collaboration and promote flexible working. As a result, IWBs are widely utilized in classrooms and conference rooms for delivering presentations to large gatherings.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Interactive Whiteboard (IWB) Market Trends:
The growing inclination toward e-learning and advanced learning methods among the masses represents the primary factor driving the market growth. Additionally, the rising digitization in the education sector and the increasing popularity of virtual classrooms have accelerated the adoption of IWBs in schools and other educational institutions as they assist teachers in demonstrating concepts with the help of enhanced visualization. This, in confluence with the emerging trend of gamification in education, is encouraging the use of IWBs. Furthermore, several favorable initiatives undertaken by governments of various countries to digitize the educational infrastructure and promote interactive learning coupled with making heavy investments in Information and Learning Technology (ILT) infrastructure in colleges are catalyzing the market growth. Besides this, the integration of infrared (IR) and digital vision touch (DViT) technologies with IWBs to make it more durable and easier to operate is also providing a positive market outlook. Other factors, including the replacement of traditional instructor-based training programs with e-learning solutions in the corporate sector, rapid urbanization and technological advancements, are also anticipated to propel the market growth.
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Global Interactive Whiteboard (IWB) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Hitachi, Ltd.
- Panasonic Corporation
- LG Display Co., Ltd.
- Foxconn Electronics Inc.
- NetDragon Websoft Holdings Limited
- Samsung Electronics Co. Ltd
- NEC Display Solutions
- Ricoh Company, Ltd.
- Returnstar Interactive Technology Group Co.
- Boxlight, Inc.,
- Cisco Systems, Inc.
- Alphabet Inc.
- Microsoft Corporation
Market Breakup by Technology:
Market Breakup by Type:
Market Breakup by Projection Technique:
- Front Projection
- Rear Projection
Market Breakup by Screen Size:
- IWBs with a Screen Size Up to 69”
- IWBs with a Screen Size Ranging from 70”–90”
- IWBs with a Screen Size Above 90”
Market Breakup by End-Use Sector:
Market Breakup by Region:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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