The global interactive whiteboard market size is expected to reach USD 2.88 billion by 2028 according to a new study by Polaris Market Research. The report “Interactive Whiteboard Market Share, Size, & Trends Industry Analysis Report By Technology (Resistive Membrane, Electromagnetic Pen), By Form Factor (Fixed, Portable), By Projection Technique (Front Projection, Rear Projection), By Application (Education, Corporate, Commercial), By Region, Segment Forecasts, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
An interactive whiteboard is a digital device for interactive learning between the device and the learners. For instance, learners can share their input with the device through interactive display in form of a whiteboard. These devices are also used for collaborative learning and idea development in the education sector. Technically, the whiteboards are built with infrared or resistive touch devices. The digital environment is simulative and leads to progressive learning at a young age.
The next generation of interactive whiteboards are loaded with advantageous features such as the ease of access with a single app across desktop or mobile along with seamless connectivity, enhanced video calling features, improved file-sharing options, white-boarding capabilities, auto-save option, wireless pairing with smart devices, and end-to-end encrypted interface for robust security. These benefits are expected to bolster the market for interactive whiteboards as a powerful collaboration tool over the coming years.
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The introduction of interactive whiteboards has technologically enhanced the learning sector by incorporating modern methods of learning. Moreover, it is also stimulating the active participation of students and peers through interactive communications.
Changes in consumer lifestyles and internet penetration are expected to boost the adoption of interactive technologies. An increase in disposable income and affordability is one of the major factors influencing buying decisions. The education sector is booming and offers lucrative opportunities with potential growth for interactive learning.
As economies are trying to adapt to new normal in the pandemic; Samsung has unveiled an interactive display product with an 85-inch screen that comes with the capability to fill the gap between classroom learning and students studying from home. Therefore, blended learning is a trend that is likely to attract market growth in the pandemic.
Samsung’s whiteboard can be a potential alternative for tine Chromebook screens as it allows student-teacher participation (on a large scale) effectively with a collaborative approach for enriching the students with a classroom environment.
On the other hand, companies are now adopting SMART display technologies to enhance collaborative communication. This is likely to enhance virtual meetings between resources and help them participate productively to communicate their ideas, which is likely to have a positive impact on the market growth for interactive whiteboards.
Market participants such as Panasonic Corporation, LG Display Co., Ltd, BenQ Corporation; Cisco Systems, Inc.; Google Inc.; and Microsoft Corporation, Boxlight Corporation; SAMSUNG ELECTRONICS CO., LTD., and SHARP CORPORATION are some of the key players operating in the global market.
Polaris Market Research has segmented the interactive whiteboard market report on the basis of technology, form factor, projection technique, application, and region:
Interactive Whiteboard, Technology Outlook (Revenue, USD Million, 2016 - 2028)
Interactive Whiteboard, Form Factor Outlook (Revenue, USD Million, 2016 - 2028)
Interactive Whiteboard, Projection Technique Market Outlook (Revenue, USD Million, 2016 - 2028)
Interactive Whiteboard, Application Outlook (Revenue, USD Million, 2016 - 2028)
Interactive Whiteboard, Regional Outlook (Revenue, USD Million, 2016 - 2028)