Interactive Whiteboard Market

Interactive Whiteboard Market is Forecast to Decrease at a CAGR of 8.7% from 2016 to 2024
According to a new market report published by Transparency Market Research
entitled “Interactive Whiteboard Market – Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 – 2024,” the global interactive whiteboard (IWB) market is
decreasing at a CAGR of 8.7% and is expected to reach a value of US$ 526.8 Mn by 2024 during
the forecast period from 2016 to 2024.
Rising investment in the education sector is one of the major factors driving the IWB market.
Increasing adoption of technology has led to improved collaboration and interaction among
students. Also, the quick and easy content development and integration capabilities of the
whiteboard are expected to drive its demand. Furthermore, the increasing popularity of elearning and virtual learning is expected to increase the demand for IWBs. However, rising
adoption of substitute technologies, such as interactive flat panels and tablets, is expected to
hamper the growth of IWB market during the forecast period.
IWBs are used in the corporate sector for meetings and presentations. In 2015, Asia Pacific held
the major market share in terms of revenue generated for IWBs globally, followed by North
America. However, Middle East and Africa and Latin America are forecast to grow steadily
during the near future.
Among the types of IWBs, resistive membrane IWBs held the largest market share of
approximately 50% in 2015, due to rising demand from education sector. The high population
density of school-aged children in Asia Pacific is expected to drive the demand for IWBs in the
region. In terms of end-use adoption, the education sector accounted for a major revenue
share in 2015 and it is also expected to remain the dominant segment during the forecast
period. The medium-size segment was the largest of the IWB market in 2015 and it would
continue its run in the top position throughout the forecast period. Due to price constraints and
desire for multi-user functionality, medium-sized whiteboards are expected to generate strong
demand during the forecast period.
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Some of the key players operating in the IWB market are Smart Technologies Inc., Promethean
Limited, Seiko Epson Corporation, Hitachi, Ltd., Samsung Electronics Co., Ltd., Sharp
Corporation, Panasonic Corporation, Julong Educational Technology Co. Ltd, Mimio, Inc., and LG
Electronics, Inc.
The IWB market is segmented as below:
By Type
Resistive Membrane
Laser Scanner
By End-use Adoption
By Size
By Geography
North America
Latin America
Middle East and Africa
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