Interactive Whiteboard Market size is projected to witness massive gains over the span of 2021 to 2027 driven by the advancements and innovations in the learning methodologies.
Moreover, a paradigm shift to virtual education and work from home trend during COVID-19 pandemic is also likely to upscale the growth of interactive whiteboard market not only across the education sector but also across various corporates.
Across the education sector, interactive whiteboards have the ability to mimic connected laptops and computers on large interactive screens, allowing students and educators to access a large pool of information and data available on the internet. As of 2019, more than 250,000 classrooms worldwide were equipped with interactive whiteboards. In the US alone, these tools were being used in all 50 states including in the top 500 school districts.
Interactive white boards with screen sizes between 70 inches to 90 inches are likely to witness a robust demand across education institutes and corporate and government offices. Various tech leaders in the business space have been looking forward to developing innovations that add to the demand of educational sector when it comes to teaching a huge group of students. For instance, Samsung had recently unveiled a 75-inch Interactive Flip 3 board featuring a 4K display, pen-to-paper writing mode, improved security protocols, and more. The IBW is considered to be a whiteboard that allows students to collaborate on their projects at once.
With regards to technology, interactive whiteboard market from infrared technology is slated to garner positive returns in the due course of time. This is because infrared-based interactive whiteboards are relatively easier to operate and are highly durable compared to other tech-based IWBs. Boards equipped with this technology ensure multi-touch functionality and are being widely used in training rooms, corporate boardrooms, and also classrooms.
Portable interactive whiteboards are currently witnessing a booming demand globally. This can be ascribed to their ability of not needing external support or surfaces while potentially supporting multi-touch functionality. Numerous tech giants have also been developing these IWBs for years now. Latest in line was Microsoft.
The software behemoth had in 2019 launched its portable Surface Hub 2S Windows 10-based interactive board. The new product was deemed to be 60% slimmer and about 40% lighter in weight than the earlier model. Moreover, its key to portability feature which allows option to add a mobile battery from APC to the Hub, enables the members to unplug system without losing the work.
Regionally, Europe is anticipated to emerge as a lucrative hub for interactive whiteboard industry and a major chunk of the growth is likely to come from the United Kingdom as the education sector in the country is open to adopt and accept innovative technological transformations in the industry. In addition to this, surging adoption of blended learning in the institutes and universities is as well contributing to the growth of interactive whiteboard market in the region.
Interactive whiteboard industry is highly consolidated and boasts of the presence of prominent names including LG Display, Samsung, Panasonic, Foxconn, Hitachi, Google Inc., Microsoft Corporation, BenQ Corp., Boxlight Corporation, Huawei Technologies, and Cisco Systems, Inc. These companies have been engaged in various business strategies like acquisition, merger, product diversification, collaborations, etc, to gain a competitive edge in the global market.
In 2020, BenQ and Zoom had announced a partnership to create certified video conferencing displays with former’s interactive displays and digital signage and Zoom Rooms. It was reported that the alliance would possibly help the companies produce interactive communication through chat services, remote screen sharing, video conferencing, and much more.
Recently, Huawei Technologies Thailand had revealed an interactive smartboard which is capable of supporting online work and study as well as facilitate remote healthcare in line with new trends in the market and well-established AI technology.
COVID-19 has rendered daunting impact on global businesses during 2020 with production lines and supply chains shutting down for months. The pandemic had brought the world economy to standstill and its effects were quite felt to the market expansion. With businesses shifting to online platforms, and meetings being conducted online, the need for interactive whiteboards propelled substantially. Nevertheless, post ease on lockdown restrictions, the global interactive whiteboard market would record modest growth over the forthcoming years.
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