Interactive Whiteboard Market Size to Reach $7.35 Billion by 2030

As per the report published by Allied Market Research, titled, "Interactive Whiteboard (IWB) Market by Offering (Hardware and Software), Form Factor (Fixed and Portable), Screen Size (Less than 50 Inch, 50 Inch to 70 Inch, 71 Inch to 90 Inch, and Greater than 90 Inch), Technology (Infrared, Resistive, Capacitive, Electromagnetic, and Others), and End user (Education, Healthcare, Retail, Corporate, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030," the global interactive whiteboard market was pegged at $4.29 billion in 2020, and is expected to reach $7.35 billion by 2030, growing at a CAGR of 6.0% from 2021 to 2030.

Rise in demand from the education sector, increase in trend of smart & torch-based devices, and rapid digitalization across the globe drive the growth of the global interactive whiteboard market. However, high cost of interactive whiteboard in comparison to traditional whiteboards and lack of preparation for technology in several underdeveloped nations hinder the market growth. On the contrary, increase in focus toward adoption of new advanced technology and progressive development of digital content would open new opportunities for the market players in the future.

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Competitive analysis and profiles of the major interactive whiteboard (IWB) market players such as Hitachi, Horizon Display Inc., LG Electronics, Microsoft Corporation, Planar Systems (Leyard Optoelectronic), Ricoh, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp NEC Display Solutions of America, Inc., and Viewsonic Corporation.

The report segments the global interactive whiteboard market on the basis of offering, form factor, screen size, technology, end user, and region.

Based on offering, the hardware segment held the largest share in 2020, accounting for more than two-thirds of the market. However, the software segment is expected to register the highest CAGR of 7.0% during the forecast period.

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On the basis of end user, the corporate segment is projected to manifest the highest CAGR of 7.8% during the forecast period. However, the education segment dominated the market in 2020, contributing to more than half of the market.

The global interactive whiteboard market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for more than one-third of the market. However, the market across Asia-Pacific is estimated to portray the highest CAGR of 7.9% from 2021 to 2030.

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Covid-19 scenario:

The Covid-19 pandemic severely affected the semiconductor and electronics sector due to strict government rules to close manufacturing facilities and disrupted supply chain.

Moreover, the pandemic created uncertainty in the stock market and overall economy across the world, which affected day-to-day businesses. It resulted in fall in business confidence and increase in panic among consumers.

The majority of the Asian countries suffered from prolonged lockdown, which led to major losses in businesses and revenue. This affected the demand for interactive whiteboards and other electronics.

Key Market Segments

By Offering

• Hardware
• Software

By Form Factor

• Fixed

o Front Projection

 Less than 50 Inch
 50 Inch to 70 Inch
 71 Inch to 90 inch
 Greater than 90 Inch

o Rear Projection

 Less than 50 Inch
 50 Inch to 70 Inch
 71 Inch to 90 inch
 Greater than 90 Inch

• Portable

o Front Projection

 Less than 50 Inch
 50 Inch to 70 Inch
 71 Inch to 90 inch
 Greater than 90 Inch

o Rear Projection

 Less than 50 Inch
 50 Inch to 70 Inch
 71 Inch to 90 inch
 Greater than 90 Inch

By Screen Size

• Less than 50 Inch
• 50 Inch to 70 Inch
• 71 Inch to 90 inch
• Greater than 90 Inch

By Technology

• Infrared
• Resistive
• Capacitive
• Electromagnetic
• Others

By End User

• Education
• Healthcare
• Retail
• Corporate
• Others

By Region

• North America

o U.S.
o Canada
o Mexico

• Europe

o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia-Pacific

o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific

• LAMEA

o Latin America
o Middle East
o Africa

Read More at https://www.alliedmarketresearch.com/interactive-whiteboard-market

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