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Interactive Whiteboards in Education and Business: Global Report 2024
Interactive Whiteboard Market Size
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According to The Business Research Company's, The interactive whiteboard market size has grown steadily in recent years. It will grow from $4.72 billion in 2023 to $4.89 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to user training and support, integration with multimedia content, increased efficiency in meetings, adoption of remote teaching tools, focus on interactive learning, integration with digital tools..
The interactive whiteboard market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to sustainability and eco-friendly solutions, incorporation of ai and smart features, continued focus on mobile integration, user-centric design and interface, growing adoption in emerging markets.. Major trends in the forecast period include remote and hybrid learning, collaborative workspaces, advancements in touch and pen technology, integration with remote collaboration tools, interactive learning tools..
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Market Drivers and Trends:
The government initiatives for digital education are driving the interactive whiteboard market. Digital education is a creative application of current technologies and digital tools to aid in the advancement of teaching and learning. Digital education is the future of obtaining education via the use of technology and digital gadgets. During COVID-19 pandemic, digital education played an important role in imparting knowledge. Digital education has grown in popularity dramatically in recent years. Due to technological advancements, people of all ages may now study at a distance and through various mediums, ranging from video tutorials to infographics and slideshows. Interactive whiteboards aid digital education by creating a classroom environment anytime and anywhere. Governments in different countries are taking initiatives to promote digital education so that the people can learn and grow as and when they need it. For instance, in 2021, the Indian government launched the National Digital Educational Architecture (NDEAR) in the Union Budget 2021-22 to develop digital infrastructure and assist educational planning efforts. The NDEAR aspires to provide distinct education ecosystem architecture to expand digital infrastructure in the country while ensuring stakeholders' autonomy, particularly states and union territories. Therefore, increasing government initiatives for digital education is expected to boost demand for interactive whiteboard during the forecast period.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
Boxlight Corporation, Cisco Systems Inc., Hon Hai Precision Industry Co. Ltd., Google LLC, Hitachi Ltd., Microsoft Corporation, Seiko Epson Corporation, SMART Technologies ULC, LG Display Co. Ltd., Samsung Electronics Co Ltd., BenQ Corporation, Panasonic Corporation, Promethean Limited, Horizon Display Inc., Planar Systems Inc., Ricoh Company Ltd., Sharp NEC Display Solutions of America Inc., ViewSonic Corporation, DTEN Inc., Xiamen Interactive Technology Co. Ltd., Genee World Limited, I3 SOLUTIONS INC., Starboard Solution Inc., TRIUMPH BOARD a. s., ELMO COMPANY LIMITED, InFocus Corporation, PKLNS Co. Ltd., ISCommunications Co. Ltd., Tamtus Tamtus Co. Ltd., Anyractive PenAndFree Co. Ltd.
Interactive Whiteboard Market 2024 Key Insights:
• The interactive whiteboard market size is expected to see strong growth in the next few years. It will grow to $6.04 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Government Initiatives Drive Growth Of The Interactive Whiteboard Market In Digital Education
• The Rise Of Portable Interactive Whiteboards In Education And Corporate Sectors
• North America was the largest region in the interactive whiteboards market in 2023
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