Interactive whiteboards are traditional blackboard-sized interactive display that are connected to a computer. A projector is used to project the computer’s desktop onto the board’s screen where the user can control the computer using devices such as a digital pen, stylus, or the human fingers. A recent market research report featured on Market Research Reports Search Engine (MRRSE) states that the global interactive whiteboards market had a valuation of US$ 1.21 bn in 2015.
There was a time when interactive whiteboards formed an essential element of educational institutes, where these interactive screens helped bolster interest and involvement of students in the class owing to the involvement of multimedia content. Interactive whiteboards also helped educational institutes eliminate the barriers of geographical separation between the tutors and students. The technology helped leverage teaching resources, bring in remote experts and guest lecturers on board, and helped increase enrolment by expanding geographical reach of the educational service.
Interactive Flat Panels Eating Away Interactive Whiteboard Market’s Business
However, the market is projected to witness a huge blow from the rising competition and increased consumption of alternative technologies. In the past few years, interactive flat panels have continued to rapidly replace interactive whiteboards, eroding the latter’s market value to a significant level. Flat panels are being increasing in terms of popularity and demand owing to their longer workable life as compared to interactive whiteboards and no requirement for projectors. The report, published by Transparency Market Research, states that the market will contract at a sharp 8.7% CAGR from 2016 to 2024, declining to a valuation of 526.8 mn by 2024.
Popularity Not to Fade Away Easily
The education sector across the globe is increasingly integrating digital advancements and interactive teaching modules in everyday practices. With a major share of classrooms on the verge of becoming digital ones, interactive whiteboards will continue to witness rise in demand, albeit at a reduced pace than before. The education industry will continue to be the major demand driver of the technology in the future years as well. In 2015, resistive membrane variety of interactive whiteboard accounted for a dominant share of nearly 50% in the global market.
Browse Full Global Interactive Whiteboard Market Report with TOC:http://www.mrrse.com/interactive-whiteboard-market
Asia Pacific to Lead amongst Regional Markets
Asia Pacific emerged as the most lucrative region for the global interactive whiteboard market in 2015 and is expected to be the dominant regional market over the next few years also. The market for interactive whiteboards in the region will benefit from the rising investments in the educational sector and the rising demand for interactive and virtual classrooms. The market is also expected to observe steady growth in regions such as Middle East and Latin America over the next few years, owing to the rising influence of the education sector.
Market are Promethean Limited, Smart Technologies Inc., Panasonic Corporation, Hitachi, Ltd., Seiko Epson Corporation, Mimio, Inc., Samsung Electronics Co., Ltd., LG Electronics, Inc., and Sharp Corporation.