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Interactive Whiteboard Market is Projected to Reach $7.35 Billion by 2030 | Registering a CAGR of 6.0%
Interactive Whiteboard Market
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The global Interactive Whiteboard (IWB) market size is anticipated to witness significant growth during the forecast period. Factors such as emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and transformation of traditional whiteboard into digital whiteboard drive the Interactive Whiteboard (IWB) market growth.
In addition, growth in digitalization & high adoption of electronics products boost the overall market growth. However, lack of technical knowledge and high integration cost is a major restraint for the global Interactive Whiteboard (IWB) industry. In addition, growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the Interactive Whiteboard (IWB) industry.
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Moreover, developing nations tend to witness high penetration of Interactive Whiteboard (IWB) products, especially in education sector. Factors such as adoption of advanced learning methods and rise in demand for gamification & digital classrooms also propels the market growth.
Competitive Analysis:
The company profile section of the Interactive Whiteboard Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Interactive Whiteboard Market include,
• 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
• Viewsonic Corporation
Report Overview:
https://www.alliedmarketresearch.com/interactive-whiteboard-market
Region wise, the Interactive Whiteboard (IWB) market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2020. However, between 2021 and 2030, the market in Asia-Pacific is expected to grow at a faster rate as compared to other regions.
The growth is attributed to increase in demand from emerging economical countries such as India, China, Japan, and South Korea. The overall Interactive Whiteboard (IWB) market analysis is determined to understand the profitable trends to gain a stronger foothold.
Key Findings of the Study
• The education segment is projected to be the major application during the forecast period followed by corporate. Rise in adoption of smart & touch-based devices is anticipated to drive demand in the future.
• Asia-Pacific and North America collectively accounted for more than 56% of the Interactive Whiteboard (IWB) market share.
• India is anticipated to witness highest growth rate during the forecast period.
• U.S. was the major shareholder in the North America Interactive Whiteboard (IWB) market, accounting for approximately 53% share.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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