Digital Whiteboard Market Size, Share, Growth Insights and Report 2024-2031 | Hitachi Ltd, Panasonic, LG Display

Digital Whiteboard Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Digital Whiteboard market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Digital Whiteboard market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Digital Whiteboard Market reached USD 4.8 billion in 2022 and is expected to reach USD 7.1 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2024-2031.

What is Digital Whiteboard Market?

A digital whiteboard is an interactive display or software tool that allows users to write, draw, and collaborate in real time using a touchscreen or a connected device. It functions like a traditional whiteboard but with enhanced digital capabilities, enabling the integration of multimedia elements such as text, images, and videos. Digital whiteboards are commonly used in education, business, and creative settings to facilitate interactive presentations, remote collaboration, brainstorming, and teaching.

They often support cloud connectivity, allowing users to save and share content, access documents, and collaborate from different locations. Digital whiteboards can be found in physical form as smartboards or as software applications accessible on tablets, computers, and smartphones, transforming the way teams and classrooms communicate and work together.

Growth Driver

Growing Digital Learning

The rise of hybrid and blended learning models, particularly during the COVID-19 pandemic, has significantly accelerated the adoption of digital whiteboards. These interactive boards facilitate seamless virtual classrooms and collaborative learning experiences, bridging the gap between in-person and online education.

For example, on August 2, 2023, Brillio, a digital transformation services provider, expanded its Digital Shaala initiative to 50 Municipal Corporation (PMC) schools in Pune, impacting over 18,500 students. This initiative, in collaboration with PMC and the non-profit organization Muskaan Dreams, aims to establish Digital Learning Centers in these schools.

Digital whiteboards provide flexibility in presenting a wide range of content, from traditional slides to real-time annotations and demonstrations. This adaptability allows educators to tailor their teaching methods to accommodate various learning styles and meet individual student needs.

Key Players:

Profiles of some of the major players in the global Digital Whiteboard market, which include: NEC Display Solutions, Hitachi Ltd, Panasonic, LG Display, Ricoh, Foxconn, Netdragon Websoft Holdings, Samsung, Returnstar Interactive Technology Group Co. Ltd and Boxlight.

Industry Development:

On 9 May 2023, StormAI, the industry's first Augmented Intelligence co-collaborator, was created by Stormboard, a premier data-first collaboration platform provider. StormAI works with humans to more efficiently develop ideas, strategize and communicate, making discussions and brainstorming sessions more productive and efficient.

On 18 November 2022, Ricoh launched its new Android-based A-Series Interactive Whiteboards (IWB) in Australia, these Interactive Flat Panel Displays (IFPD) are designed to meet the interactive learning and collaborative needs of classrooms, training rooms and corporate meeting spaces. The IWBs come with built-in Android-based apps and offer a simple UI, allowing up to 16 simultaneous touchpoints with either the included dual-tip passive pen or a finger.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Digital Whiteboard market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Technology (Infrared, Resistive, Capacitive, Electromagnetic, Others)

By Screen Size (Up to 69, 70" - 90", Above 90")

By End-User(Education, Corporate, Government)

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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