Interactive Whiteboard Market

Interactive Whiteboard Market by Technology (Capacitive, Electromagnetic Pen, Infrared, and Resistive Membrane), Form Factors (Portable and Fixed), Projection Techniques (Front Projection and Rear Projection), Applications (Education, Commercial, and Corporate), And Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Trends, Growth, Share, Size, And Forecast 2021–2028

  • Report ID: ICT-SE-262
  • Author: Growth Market Reports
  • Rating: 4.2
  • Total Reviews: 6
  • No. Of Pages: 190
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The global interactive whiteboard market is expected to reach an estimated USD 3.1 billion by 2028, expanding at a CAGR of about 7.5% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing acceptance of digital learning and expanding technological advancements for smart teaching in classrooms or any conference/discussion rooms.

Interactive Whiteboard Market By Key Takeaways


The interactive whiteboard (IWB) has technically transformed in the areas of modern business methods, education, and other commercial areas. It provides a medium through which people can participate in screen interactive communications and sharing. It also offers digital presentation of documents to permit mobility and simplified operating for end-users. Changing customer lifestyles and rising penetration of the Internet are the key factors that raise the adoption of the technology across various industries. This technology is widely integrated at all stages of education including primary, secondary, and higher education for smart learning. The introduction of innovative learning systems in education has boosted the demand for interactive whiteboard.

Market Drivers, Restraints, Trends, and Opportunities

  • Rising replacement of outdated instructor-based training programs and the acceptance of interactive whiteboards by corporations or organizations are likely to fuel the market growth.
  • Growing implementation of virtual learning or e-learning system particularly in developing countries is expected to bolster market growth.
  • Increasing popularity of IWBs in the commercial sector along with large investments by medium and small enterprises in technical progressions are rojected to drive the market during the forecast period.
  • Rising acceptance of e-learning courses and virtual classrooms around the world is projected to expand the demand for interactive whiteboards.
  • Lack of technical knowledge, high integration cost, and complex operation are key factors restraining the market growth.
  • Ongoing research and development by the key players of the market are presenting numerous opportunities for the expansion of the market.

Scope of the Report

The report on the global interactive whiteboard market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
 

Attributes Details
Report Title Interactive Whiteboard Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year 2020
Historic Data 2018–2019
Forecast Period 2021–2028
Segmentation Technology (Capacitive, Electromagnetic Pen, Infrared, and Resistive Membrane), Form Factors (Portable and Fixed), Projection Techniques (Front Projection and Rear Projection), Applications (Education, Commercial, and Corporate)
Regional Scope Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered Microsoft Corporation, BenQ Corporation; Cisco Systems, Inc.; Boxlight Corporation; and Google Inc.

 

Global Interactive Whiteboard Market Segment Insights

In terms of technology, the market is divided into capacitive, electromagnetic pen, infrared, and resistive membrane. The infrared segment is expected to constitute a considerable CAGR of 6.7% during the forecast period. The infrared-based IWBs are easy to operate and are sturdy as compared to other technology-based IWBs such as capacitive or resistive membrane IWBs. They are widely used in classrooms, corporate boardrooms, and training rooms. In 2019, the resistive membrane segment was accounted for a large share and is expected to grow at a high CAGR of 7% during the analysis period. The resistive membrane-based interactive whiteboard supports touch-based interactions, plus it can be fully operated using a finger.

Interactive Whiteboard Market By Technology


Based on form factors, the global interactive whiteboard market is bifurcated into portable and fixed. In 2019, the portable IWBs segment held a major share of the market and is projected to constitute a robust growth rate during the analysis period. The portable IWB does not need any exterior support and are perfect for last-minute presentations during business trips. Owing to such advantages, the portable IWBs are acquiring popularity among consumers. However, the fixed segment is also expected to expand at a considerable CAGR rate throughout the forecast period. This segment growth is attributed to numerous factors such as low latency time, high resolution for high image quality, and more accurate and responsive interactivity. The fixed IWBs are user-friendly and provide standard feature ratios, which are compatible with a majority of the available computer systems and projectors.

Interactive Whiteboard Market By Form Factors


On the basis of projection techniques, the market is bifurcated into front projection and rear projection. In 2019, the front projection segment accounted for a large market share surpassing 60% of the global market and is estimated to increase at a rapid pace during 2021 to 2028. The interactive whiteboards with front projection technique are designed with video projectors. The rear projection segment is projected to expand at a CAGR of more than 9.5% during the analysis period. The rear projection technique recognizes and eradicates presenter’s shadow existing behind the interactive whiteboard, which eliminates a major issue associated with front-projection IWBs. However, the rear projection interactive whiteboards are very expensive than front board projectors and are large in size.

Based on applications, the global interactive whiteboard market is segmented into education, commercial, and corporate. The education segment is anticipated to grow significantly owing to wide adoption of the technology in educational institutes, which enable to produce customized learning items and actual visual experience to students. In 2019, the corporate segment held for more than 15.0% of the global market share. The interactive whiteboards are acquiring grip within the corporate sector as experts in corporate meeting use whiteboard to impart planning, designing, and several other developing stages of a product.

Interactive Whiteboard Market By applications


In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Europe is dominating the market and represented for more than 35% of the global market share in 2019. The market in U.K. is one of the major destination for the IWBs as the education sector widely accept and adopt advanced technologies Meanwhile, the market in Asia Pacific is expected to witness impressive growth during the analysis period owing to the development of e-learning system in emerging economies such as Japan and India.

Interactive Whiteboard Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Interactive Whiteboard Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Interactive Whiteboard Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Interactive Whiteboard Market - Supply Chain
  4.5. Global Interactive Whiteboard Market Forecast
     4.5.1. Interactive Whiteboard Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Interactive Whiteboard Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Interactive Whiteboard Market Absolute $ Opportunity
5. Global Interactive Whiteboard Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Interactive Whiteboard Market Size and Volume Forecast by Applications
     5.3.1. Education
     5.3.2. Commercial
     5.3.3. Corporate
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Interactive Whiteboard Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Interactive Whiteboard Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Interactive Whiteboard Demand Share Forecast, 2019-2026
7. North America Interactive Whiteboard Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Interactive Whiteboard Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Interactive Whiteboard Market Size and Volume Forecast by Applications
     7.4.1. Education
     7.4.2. Commercial
     7.4.3. Corporate
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Interactive Whiteboard Demand Share Forecast, 2019-2026
8. Latin America Interactive Whiteboard Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Interactive Whiteboard Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Interactive Whiteboard Market Size and Volume Forecast by Applications
     8.4.1. Education
     8.4.2. Commercial
     8.4.3. Corporate
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Interactive Whiteboard Demand Share Forecast, 2019-2026
9. Europe Interactive Whiteboard Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Interactive Whiteboard Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Interactive Whiteboard Market Size and Volume Forecast by Applications
     9.4.1. Education
     9.4.2. Commercial
     9.4.3. Corporate
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Interactive Whiteboard Demand Share Forecast, 2019-2026
10. Asia Pacific Interactive Whiteboard Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Interactive Whiteboard Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Interactive Whiteboard Market Size and Volume Forecast by Applications
     10.4.1. Education
     10.4.2. Commercial
     10.4.3. Corporate
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Interactive Whiteboard Demand Share Forecast, 2019-2026
11. Middle East & Africa Interactive Whiteboard Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Interactive Whiteboard Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Interactive Whiteboard Market Size and Volume Forecast by Applications
     11.4.1. Education
     11.4.2. Commercial
     11.4.3. Corporate
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Interactive Whiteboard Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Interactive Whiteboard Market: Market Share Analysis
  12.2. Interactive Whiteboard Distributors and Customers
  12.3. Interactive Whiteboard Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Technology

  • Capacitive
  • Electromagnetic Pen
  • Infrared
  • Resistive Membrane

Form Factors

  • Portable
  • Fixed

Projection Techniques

  • Front Projection
  • Rear Projection

Applications

  • Education
  • Commercial
  • Corporate

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

 

Major players competing in the global interactive whiteboard market include Microsoft Corporation, BenQ Corporation; Cisco Systems, Inc.; Boxlight Corporation; and Google Inc.

Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.

Recently, Boxlight Corp. announced the acquisition of EOSEDU, LLC. The former company aimed at expanding its operation in the education technology market through this acquisition deal.

Interactive Whiteboard Market By key players

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