According to MRFR analysis, the global Interactive Whiteboard Market is expected to register a CAGR of ~ 7.45% from 2021 to 2030 and hold a value of over ~USD 8.72 billion by 2030.
An interactive display board, a touch screen related to a computer, is an interactive whiteboard or smartboard. Usually, this type of board looks like a big computer screen, where the user can move images and write anything finished fingers touching, or a pen. Many companies, such as fintech interactive whiteboard software, propose to users more options & better flexibility to make lessons effective and advance the student’s knowledge by providing them with multi-touch, gesture recognition, split-screen, small class, and multi-language structures. Also, portable interactive whiteboards are one of the latest trends. The Interactive Whiteboard Market size worldwide is anticipated to have substantial growth during the forecast period. The factors such as the increase of e-learning and virtual classroom courses, steps of government for digital education, and the transformation of a traditional whiteboard into a digital whiteboard work the interactive whiteboard market growth. The education sector was highly squeezed by the spread of the COVID-19 virus. The spread of the disease led to the closure of offices and enlightening institutions across the world. Due to this reason, the upsurge in virtual learning methods witnessed a spear during 2020-2021. According to the Interactive Whiteboard Market Research Report, more than 250,000 classrooms in 2019 across the creation were equipped with Interactive Whiteboards in the US. Thus, the COVID-19 disease is anticipated to upscale the market at a substantial rate.
Key Players
Some of the key market players are
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Report Attribute/Metric |
Details |
Market Size in 2030 |
~USD 8.72 billion |
Growth rate: |
CAGR of ~ 7.45% from 2022 to 2030 |
Forecast Period |
2022-2030 |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Interactive Whiteboard Regional Analysis
North America will hold the largest Interactive Whiteboard Market Occasions. The rising technological advancements and high adoption rate of Interactive Whiteboards are major factors for the vast share of the market.
Europe will hold the second-largest share due to the increasing demand for Interactive Whiteboards. Also, the use of IWs for higher education and Pre-K-12 will boost the market widely.
However, the Asia-Pacific region is projected to have lucrative growth in the imminent years. The use of Interactive Whiteboards for virtual learning in educational institutes and offices is fuelling the market in Asia-Pacific.
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Market Segmentation
The global Interactive Whiteboard Market has been segmented into product and application
Based on Product, the global Interactive Whiteboard Market has been segmented into? 55 Inch, 56-65 Inch, 66-75 Inch, 76-85 Inch, and ? 85 Inch. The 76-85 Inch segment holds the largest revenue share. The demand for IWBs with a display screen size of 76-85 Inches is largely driven by educational institutes and government and corporate offices where they are used in training sessions and business meetings. Classroom teaching frequently involves a group of students, and IWBs with a screen size of 76-85 Inches is found to be the most appropriate to make the content visible to the entire class.
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Based on Application, the global Interactive Whiteboard Market has been segmented into Education Field, Business Field, Government Field, Household Field, and Others. The education sector is projected to witness the highest CAGR for the estimated period. The factors that can be attributed to the rising demand for e-learning and interactive learning is a major factor pouring the growth of the Interactive Whiteboard (IWB) Market globally.
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