DUBLIN--(BUSINESS WIRE)--The "Interactive Whiteboard Market by Screen Size (Up to 69, 70-90, Above 90), Technology (Infrared, Resistive, Capacitive, Electromagnetic), End User (Education, Corporate, and Government), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The interactive whiteboard (IWB) market is estimated to grow from USD 4.31 Billion in 2018 to USD 5.16 Billion by 2023, at a CAGR of 3.69% between 2018 and 2023.
The factors that are driving the interactive whiteboard market include the trend of gamification in education and corporate sectors, adoption of e-learning and digital classroom solutions, and increased funding from different governments to incorporate IWBs for various end users. The integration of artificial intelligence (AI) and cloud storage in IWBs and the rise in the demand for IWBs in the government sector are likely to provide lucrative opportunities to players operating in the IWB market.
However, the lack of skilled professionals to operate IWBs, along with the high cost of IWBs than that of traditional whiteboards is restraining the growth of the IWB market. Furthermore, the shift of users toward interactive flat panels and high adoption of tablets and smartphones pose major challenges to the market growth.
Based on screen size, the market for interactive whiteboards with a screen size up to 69 is estimated to grow at the highest rate during the forecast period owing to the increasing adoption of artificial intelligence (AI) and cloud storage features in IWBs used in the corporate sector.
The infrared technology is expected to hold the largest market share by 2023 owing to the fact that IWBs based on this technology are easier to operate than that on other technologies. Another major driver for the infrared technology segment is the widespread use of Digital Vision Touch (DViT) technology. DViT technology uses infrared technology as a base and adds multitouch features to IWBs.
Market Dynamics
Drivers
- Growing Demand for Gamification and Digital Classrooms
- Increased Funding on IWBs
Restraints
- Lack of Skilled Professionals
- High Cost of IWBs in Comparison to Traditional Whiteboards
Opportunities
- Integration of Artificial Intelligence in IWBs
- Integration of Cloud Storage in IWBs
Challenges
- Shift Towards Interactive Flat Panels
- Increasing Adoption of Tablets and Smartphones in the Education Sector
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Interactive Whiteboard Market, By Screen Size
8 Interactive Whiteboard Market, By Technology
9 Interactive Whiteboard Market, By End User
10 Interactive Whiteboard Market, By Geography
11 Competitive Landscape
12 Company Profiles
- Alphabet
- Boxlight Corporation
- Cisco
- Dongguan Riotouch Technology
- Foxconn
- Hitachi
- Ketab Technologies
- LG Display
- Ludia
- Microsoft
- NEC Display
- Netdragon
- Panasonic
- QOMO
- Returnstar Interactive Technology
- Ricoh
- Samsung Electronics
- Shenzhen Fangcheng Teaching Equipment
- Shenzhen Itech Solutions
- Specktron
For more information about this report visit https://www.researchandmarkets.com/research/zfhp2p/global_5_16_bn?w=4
