Interactive Whiteboard Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI4501
Interactive Whiteboard Market size will expand at a healthy CAGR till 2026 due to growing adoption of digital technology in the education sector. Digital technology is used to deliver education and skills in innovative ways. Digital learning has transformed conventional classroom learning and is making education more scalable, accessible, and efficient. The growing adoption of advanced learning methods is increasing the demand for collaborative whiteboards. These boards are gaining popularity as they provide an engaging and user-friendly learning experience. Gamification in education and corporate sectors, emergence of virtual classrooms, and adoption of e-learning solutions are major factors contributing to the growing demand for the interactive whiteboard market.
The popularity of digital game-based learning is growing as it provides engaging learning and training experience, resulting in improved outcome and increased knowledge retention. For instance, according to Talent LSM gamification survey (2014), 80% of the learners were more productive if their university/institution or work used gamification learning technique, which is supported through advanced whiteboards. In 2018, 25% of the American workforce included millennials and according to Bravon, 75% of the global workforce in 2025 will be millennials. Their work ethics are different than the previous generation and they seek instant gamification learning techniques. The generation prefers employment in the company that allows them to utilize their multi-tasking skills and embraces new technology. These factors are driving the demand for whiteboards in the corporate sector.
The adoption of these whiteboards is growing due to advanced features such as cloud-based storage solutions and Artificial Intelligence (AI). These features help in connecting remote participants in a conference or meeting, use real-time analytics to take notes during the meeting, and translate the meeting into other languages, driving the popularity of whiteboards in corporate and government sectors. Factors, such as lack of skilled workforce and high costs, are hindering market growth. Moreover, the high adoption of smartphones & tablets and users shifting toward interactive flat panels are challenging market growth.
Infrared technology will account for the majority of the interactive whiteboard market share. In this technology, light can be seen by pressing the marker or finger on the surface of the whiteboard. After pressing on the surface, the software manipulates the information in order to triangulate the location of the marker. These types of whiteboards are gaining popularity as they are easy to use than other technologies. Additionally, the technology allows manufacturers to use any type of material as its systems do not need dry-erase markers. Furthermore, infrared interactive whiteboards are widely using Digital Vision Touch (DViT) technology. DViT adds a multitouch feature to whiteboards by using infrared technology.
Europe accounted for a considerable share in the global interactive whiteboard market. The UK and Germany lead the market in terms of revenue followed by Italy, Spain, and Russia. Growing adoption of e-learning technology in educational institutes of the region is driving the demand for the market. The European Union provides a funding scheme to support activities in education, training, youth, and sports to various European countries. Furthermore, Asia Pacific is experiencing a lucrative growth owing to increased government funding activities for e-learning in China, India, and Japan. For instance, in February 2019, the Human Resource Development Ministry of India launched the operation, ‘Digital Blackboard’ under which these whiteboards will be provided to the nine lakh classrooms in India by 2022.
Key players operating in the interactive whiteboard market are Google, Inc., BenQ Corporation, Cisco Systems, Inc., Boxlight Corporation, and Microsoft Corporation. The market is experiencing intense competition. In order to gain a competitive edge and increase their market competition companies are also focusing on research & development activities and launching new products. For instance, in November 2019, LG Electronics launched LG TR3BF series, available in various models including 65”, 75”, and 86” models. The company also launched a new 86” (model 86TN3F) interactive collaboration board, which comes with in-cell touch technology. It provides integrators and end-users with a specialized option for enhanced collaboration.
Additionally, market players are also adopting inorganic business strategies including mergers & acquisitions and collaborations to increase their market shares. For instance, in September 2018, Boxlight Corporation acquired EOS Education, LLC to provide the most comprehensive solution suite in the educational technology market.
Interactive Whiteboard Market by Screen Size
- Up to 69”
- From 70” – 90”
- Above 90”
Market by Technology
Market by End-Use
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- South Africa
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