Interactive Whiteboard Industry Trends, Overview and Market Consumption Forecast to 2025

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22th November 2018: Technological advancements coupled with rising applications across corporate and government sectors is expected to drive Interactive Whiteboard Market Growth. An interactive whiteboard (IWB) is a large communicating display which can be connected to a computer. These boards provide computer images to be displayed onto a projection board through a digital projector. These boards are usually attached to a wall or a floor stand and can be monitored &controlled using a stylus, pen, fingers or any other devices. It finds key applications in educational sectors along with various industry sectors including corporate, tourism, media and entertainment sector.
IWB are used for delivering the lessons in classrooms, presentations in corporate board rooms, and for several other purposes in professional sports coaching, training room, and broadcasting studios. Increasing adoption rate of virtual and modern learning initiatives are anticipated to steer the market growth. In recent times universities and schools are extensively focusing on implementing modern structure of learning techniques to provide students with a better learning experience and curriculum. These factors are expected to drive the overall demand for IWB over the forecast period
Education is steadily progressing from conservative chalk & board methodology to a very active and dynamic form of learning model through integrating technology with classroom teaching. Students across various age groups seek different approaches for learning including monitors panel displays, internet-based teaching modules, interactive whiteboards and handheld devices including smartphones, tablets, desktop PC and laptop for learning. These innovative and dynamic learning models are introduced for children, adult students, and also for corporate teaching purposes. Rising population and increasing awareness of education in rural areas is expected to significantly grow and move the education system and demand for such technology in primary, secondary and higher education institutes.
IWB are swiftly emerging as one of the most popular and successful technologies particularly in classroom environments since they provide users with better convenience to print images, draw or write on surfaces, and distribute or save documents over the networks. These techniques make teaching and learning interesting and easy as compared to other conventional boards. These boards can also create and display several file types including PDFs, HTML, images and PPTs which are widely being used in corporate presentations and seminar and at the same time can be used for mailing copies and for posting on websites. In addition, they are portable devices, convenient to carry and use. Lack of awareness about IWB boards coupled with high costs and budgetary restraints are expected to restrict the global market over the forecast period.
North America is expected to be the key region in terms of demand and availability on account of increasing use in the corporate and educational sectors. Asia pacific is expected to follow the trend owing to rising government initiatives and investment in E-learning technology particularly in emerging economies including India, China. These factors can be attributed as the key factors to steer the market demand over the forecast period in this region. Presence of economies Japan are anticipated to provide future growth on account of rising demand for enhanced and improved way of learning solutions. Major industry participants include Fuzhou Return Star Technology, BenQ, Julong Educational Technologies, Panasonic Corporation, Hitachi Ltd., LG Electronics, and Promethean World. Other industry participants include QomoHiteVision LLC, PolyVision Corporation, Samsung Electronics, Smart Technologies Inc., Sharp Corporation, and Vestel Group.   

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