An interactive whiteboard is a tool (instructional) that allows images of a computer to be displayed onto a board. This is done by using a digital projector. Some benefits of interactive whiteboard are the ease in use, ease in learning, and a better way of teaching. Due to the same benefits, the interactive whiteboard market is expected to witness significant growth during the forecast period. Moreover, smart learning suit software, smart board for business, smart podium, smart remote management, smart speakers are other features of interactive whiteboards.
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Interactive Whiteboard Market: Drivers and Challenges
With the growing adoption of smart learning and learn by fun techniques in various institutes, the use of interactive whiteboard is increasing day by day providing sustainable growth to the interactive whiteboard market. Another factor expected to drive the interactive whiteboard market is digitalization and increasing high-tech institutes in the society. The interactive whiteboard is expected to be used by almost all the high-tech institutes during the forecast period.
The increasing number of coaching classes nowadays finds a rise in the application of the interactive whiteboard market providing the substantial growth to the interactive whiteboard market. Also, the interactive whiteboard is expected to be used in international conferences owing to the advanced features of the smart interactive whiteboards. In addition, some IT firms have started providing training to their employers using the interactive whiteboard.
Furthermore, rising government initiatives to equip classrooms with suitable technological tools to facilitate easy learning for students is expected to drive the demand for interactive whiteboards in the coming years. The advancement in technologies in various countries and increasing awareness regarding the high-tech education system are some of the other factors expected to drive the growth of the interactive whiteboard market.
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Moreover, the government efforts to increase the literacy rate in some developing countries is also a key driver for the interactive whiteboard market during the forecast period. However, the high cost and requirement of the skill personnel to operate interactive whiteboards are some expected challenges in the growth of the interactive whiteboard market during the forecast period.
Interactive Whiteboard Market: Key Players
The key players of the interactive whiteboard market are Smart technologies, Alphabet, Inc., Microsoft, Cisco, Dell, InFocus Corporation, Boxlight, Egan Visual, Teamboard Inc., Hitachi, Ltd, PolyVision Corporation, Panasonic Corp., LG Electronics Ltd., BenQ, Seiko Epson Corporation, VESTEL A.S., and Samsung Electronics Co. Ltd. These layers are expected to highly influence the interactive white board market during the forecast period.
Interactive Whiteboard Market: Regional Overview
North America is expected to have one of the leading interactive whiteboard market owing to growing use of smart learning and e-learning techniques. Europe is expected to have potential growth in the interactive whiteboard market due to increasing adoption of the smart teaching techniques and advancement in technologies. The interactive whiteboard market in the Asia Pacific is expected to witness the considerate growth over the forecast period due to increasing adoption of the smart classes.
Also, E-learning initiatives in emerging countries such as Japan and India have resulted in increased demand for the interactive whiteboard providing considerate growth to the interactive whiteboard market during the forecast period. Middle East and Africa is expected to have considerate growth in the interactive whiteboard market due upcoming smart and interactive technologies and growing numbers of the smart schools and institutes in the region. These is expected to give a significant growth to the interactive whiteboard market in this region.
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The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.