Market Research Future published a research report on “Interactive Whiteboard Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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.
The Global Interactive Whiteboard market is expected to grow with a CAGR of approximately 5% during the forecast period 2017-2023.
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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.
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.
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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