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Global Interactive Whiteboard Market worth USD 6.24 Billion by 2026

Posted By: Maximize Market Research | Posted On: December 3, 2018 7:39 am
Global Interactive Whiteboard Market - Industry Analysis and Forecast (2017-2026) by Screen Size (up to 69, 70"-90", above 90"), by Technology (Resistive, Capacitive, and Others), by End User, and by Geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America)

Interactive Whiteboard Market valued USD 4.6 Billion in 2017 and expected to reach USD 6.24 Billion by 2026, at a CAGR of 3.45%.

The report analyses competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Global Interactive Whiteboard Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Interactive Whiteboard Market with key developments in companies and market trends.

Key factors expected to drive the growth of market include increased funding from different governments to incorporate IWBs for various end users, increasing adoption of e-learning and virtual learning courses, and rising trend of gamification in education.

However, high investment costs of IWBs and lack of awareness of interactive white board are restraining Global Interactive Whiteboard Market growth.

Market for screen size up to 69” is anticipated to grow at highest CAGR during 2017 and 2026

By Screen Size, Global Interactive Whiteboard Market is segmented into Screen Size Up to 69", Screen Size Ranging From 70"-90", and Screen Size Above 90". From this segment, market for screen size up to 69" is anticipated to grow at highest CAGR during the forecast period. Growth of this segment is mainly driven by rising adoption of artificial intelligence (AI) and cloud storage features in IWBs used in corporate sector.

Infrared technology to hold the largest share of the interactive whiteboard market by 2026

Based on technology, Global Interactive Whiteboard Market is segmented into Resistive, Capacitive, Infrared, and Electromagnetic. From this segment, market for infrared technology is anticipated to hold the largest share of the Global Interactive Whiteboard Market by 2026 owing to fact that IWBs based on infrared technology are user-friendly and easy to operate as compared to other technologies.

APAC to hold major share of interactive whiteboard Global Interactive Whiteboard Market by 2026

Geographically Global Interactive Whiteboard Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among all Geographical regions, APAC is expected to account for the major share of Global Interactive Whiteboard Market by 2026. Growth of this segment is majorly driven by increased funding activities and presence of key players in major countries in APAC.

Education sector to hold largest share of Global Interactive Whiteboard Market during the forecast period

On the basis of end-user, Global Interactive Whiteboard Market is segmented into Corporate, Education, and Government. From this segment, market for education sector is anticipated to hold largest Global Interactive Whiteboard Market share between 2017 and 2026. Growth of this segment is majorly driven by increasing government funds for interactive education and growing need for interactive education products to create technology based educational environment.

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