According to the latest report by IMARC Group, titled "Interactive Whiteboard (IWB) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global interactive whiteboard (IWB) market size reached US$ 3.8 Billion in 2019. An interactive whiteboard (IWB) refers to a touch-sensitive display panel with a high-resolution display and easy remote image sharing. It is a combination of a computer and digital projector that functions as a smart board to be used across educational institutions and formal academic settings. It is usually equipped with a simplistic interface with the gesture recognition feature and input software that can be used with the help of a stylus or fingers. Comprising of a variety of tools for writing, doodling, scribbling or illustrating purposes, the display is used for showcasing visuals, graphics and animations while boosting productivity, facilitating flexible working and supporting innovative collaboration.
Global Interactive Whiteboard (IWB) Market Trends:
The global market is primarily driven by the increasing digitization in the education sector. Numerous educational institutes across the globe are now adopting e-learning solutions. This has contributed to a significant increase in the emergence of virtual classrooms, owing to the engaging, adaptive, and user-friendly learning experience provided by these solutions, which is facilitating the uptake of IWB. This has not aided only specially abled students to perform better in the classroom but also offered numerous innovative facilities to the teacher, including drag-and-drop objects and resource library, which enhances the overall teaching experience. In line with this, rapid urbanization and inflating per capita income levels have resulted in an increasing demand for gamification in the education sector. Moreover, IWB is continually replacing the traditional instructor-based training programs in the corporate sector as it is widely associated with reducing training costs and time. Governments of numerous developing economies are undertaking favorable initiatives to digitize the educational infrastructure, which is further creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 5 Billion by 2025, registering a CAGR of 4.1% during 2020-2025.
Market Summary:
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