The Interactive Whiteboard Market is set to grow to $7.35 billion by 2030, driven by digital education and e-learning trends, despite challenges like high integration costs.
According to report published by Allied Market Research, titled, “Interactive Whiteboard (IWB) Market by Offering (Hardware and Software), Form Factor (Fixed and Portable), Screen Size (Less than 50 Inch, 50 Inch to 70 Inch, 71 Inch to 90 Inch, and Greater than 90 Inch), Technology (Infrared, Resistive, Capacitive, Electromagnetic, and Others), and End user (Education, Healthcare, Retail, Corporate, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030,” global interactive whiteboard (IWB) market size was valued at $4.29 billion in 2020, and is projected to reach $7.35 billion by 2030 to register a CAGR of 6.0% from 2021 to 2030.
Market Scenario
The global interactive whiteboard market 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 growth of the interactive whiteboard market. 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 industry. In addition, growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard industry.
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Research Methodology
The research methodology of the global Interactive Whiteboard Market takes in extensive primary and secondary research. The primary study encompasses an in-depth evaluation of an array of driving forces, whereas, the secondary research involves a significant overview of the products & services. Furthermore, a lot of relevant and government sites, press releases, and industry journals have been thoroughly probed to call forth high-value industry insights.
At the same time, it is very much important to comprehend to the overall value chain to attain a deep understanding of the industry. To pull off this aspect, Allied Market Research accumulates data from the top officials in the industry. Simultaneously, technical data is also collected from the intellectual property standpoint, while technical trends are obtained through detailed assessments, technical meetings, and trade communiqués & reports. This study portrays an informative depiction of the global market along with the current drifts and future assessments to prop up the investment pockets.
COVID-19 scenario analysis
The rapid spread of the COVID-19 has had a huge impact on the majority of market spheres. The explicit study of the market provides a brief overview of the entire market scenario during the pandemic. Also, it has outlined the important strategies adopted by the market players to fight the adversity, thereby sustaining in the market. The report further presents the market share & size that has been highly impacted by the outbreak. The report has also highlighted the fact that how the initiation of mass inoculation drives by most government bodies is expected to help the market revive, in terms of revenue, very soon. In a nutshell, the report presents a deep overview of the pre- as well as post-COVID-19 scenario.
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The global Interactive Whiteboard Market report provides a comprehensive analysis of major market players such as 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., and Viewsonic Corporation.
Furthermore, prominent strategies such as product launch, business expansion, acquisition, and others are adopted by leading players to strengthen their business reach and position in the global Interactive Whiteboard Market.
Key Benefits for Interactive Whiteboard Market:
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Key Market Segments
By Offering
By Form Factor
By Screen Size
By Technology
By End User
By Region
About us-
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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The article discusses the growth and forecast of the Interactive Whiteboard Market, projected to reach $7.35 billion by 2030.
The growth is driven by the rise of virtual classrooms, e-learning, and digital education initiatives.
Challenges include high integration costs and a lack of technical knowledge.
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