The global interactive whiteboard market was valued at more than USD1 billion in 2015 and is expected to close to $2 billion by 2020, says Technavio.
Technavio has announced its latest market research report on an interactive whiteboard during the forecast period, 2016-2020. This market analysis, under the education technology vertical, discusses the major drivers and key emerging trends that will influence the growth of the global interactive whiteboard market during the forecast period. Some of the top vendors listed in this industry analysis include BenQ, Samsung, Seiko Epson, and Smart Technologies.
In terms of geographical analysis, Europe will be the largest region in the global market, and is expected to reach revenues of around USD838 million by 2020. The introduction of blended learning in the European education system will drive the market growth in the region.
“The adoption of gamification techniques in education systems across the globe will help in the development of the IWB market. This is an interactive tool that engages students, develops creative skills, and drives innovation. The online video learning systems use games, puzzles, and online questionnaires. This method of impacting knowledge helps maintain students’ attention and increases their interactivity. IWBs holds a crucial role in making the entire learning process a fun experience for students and the teachers as well,” says Jhansi Mary, a lead analyst at Technavio for research on education technology.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increased adoption of blended learning
The factors like digitization and bring-your-own-device (BYOD) policy is promoting the inclusion of new learning models such as gamification and social learning. The introduction of blended learning framework will help to improve the quality of education content and learning outcomes. Various educational organizations and colleges are investing in the development of effective blended learning models. These models serve as the guiding principle for educators to determine the type of hardware that is essential for the chosen blended learning framework. The different display products such as IWBs encourage online learning and facilitate technology-enabled learning.
Technological advancements
The increasing demand for tools and technology in the educational sector is encouraging vendors to invest in technological advancements to introduce innovative products. Advanced IWB systems and ultrasonic tracking are some of the recently launched technologies that are available in the market. The companies are offering IWBs bundled with accessories such as stylus pens, cables, and pocket sensors. Moreover, the development of cloud-based interactive tools will fuel the demand for various innovative tools in the education market.
Need for experiential learning
The increasing requirement for skill-based education is prompting the educational institutes to design their learning spaces and curricula to meet these industry needs. The effort to adopt digital hardware in schools and colleges is resulting in the deployment of hardware such as IWBs to enhance teaching methods. Digitalization of educations helps in the incorporation of computer-based simulations and virtual and remote labs that directly impacts learning methodologies.
Other prominent vendors identified in this report are Interphase, IPEVO, Luidia, Mimio, Sharp, LG Electronics, Panasonic, Julong Educational Technology, and Vestel.
This research report includes an in-depth analysis, market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Interactive White Board Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Classroom Displays Market 2016-2020
- Education Hardware Market in India 2016-2020
- Global Digital Learning Devices Market 2016-2020
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