Report Overview
Interactive Whiteboard (IWB) Market Highlights
Interactive Whiteboard (IWB) Market Size:
Interactive Whiteboard (IWB) Market is projected to grow at a CAGR of 7.65% from US$2.617 billion in 2022 to US$4.383 billion in 2029 during the forecast period.
Interactive whiteboard (IWB) or smart board is a computer tool for presentation, learning, connectivity, customizations, etc. The interactive whiteboard is a modern tool for the future, this gives a better experience for engagement, learning, participation, collaboration, and teamwork. The prominent driver for the market is increasing global engagement of technologies with various people around remote locations. Innovative technological applications are also a major cause of the growing market applications.
Such as i3TOUCH P2 is an interactive whiteboard with a capacitive touch display. The ergonomic pens have ink-supported apps such as Microsoft 365. The pen charging capability is at the back of the display and can be active with dual pen interaction. Built-in speakers are used for filling and capturing the whole room. The display has a motion and light sensor for all viewing conditions.
The upcoming artificial intelligence (AI) technology applications can be used for interactive computing. This would lead to a simpler solution for easy usage of the Interactive Whiteboard (IWB) tool.
Interactive Whiteboard (IWB) Market Growth Drivers:
- Advancements in education technology (EdTech) are contributing to the global interactive whiteboard market growth
The integration of technology in education has been a major driver for the IWB market growth. The advanced features of the upcoming product are meeting consumer demand and needs, thus fuelling further growth. One such company is SMART Technologies ULC, which delivers over 3.5 million displays globally, affecting over 60 million teachers, students, and leaders in the world.
In November 2023, SMART Technologies launched the latest innovation for education, the SMART Board® RX series. This is designed to design for learning more engaging for students, and teachers. The product has optically bonded glass and a multi-color stylus for device integration.
Schools and other institutions can get more out of the technology investment and continue to deliver high-quality learning experiences for years to come.
- Collaborative and interactive workplaces are contributing to the global interactive whiteboard market growth
Beyond the education sector, interactive whiteboards are increasingly used in corporate environments, boardrooms, training centers, and collaborative workspaces. They enable teams to brainstorm ideas, conduct interactive presentations, collaborate on projects, and visualize data in meetings, enhancing productivity and communication.
One of the products is the Clevertouch IMPACT Max, a high-quality interactive screen that supports 4K resolution and native screen sharing. It has two 16W speakers, Android 11 compatibility, a built-in microphone for sound recording, and can sync with cloud accounts.
The on-demand digital integration of the workplaces has delivered innovative solutions for creative usage and products.
Interactive Whiteboard (IWB) Market Restraints:
- High initial costs hamper the market growth
One of the primary challenges for the adoption of interactive whiteboards is their initial acquisition and installation costs. IWBs can be expensive, especially high-end models with advanced features such as touch sensitivity, multi-touch capability, and integrated software. The cost factor may deter budget-constrained educational institutions or businesses from investing in IWBs.
Interactive Whiteboard (IWB) Market Segment Analysis:
- The global interactive whiteboard market is segmented based on technology
The global interactive whiteboard market is segmented based on technology into infrared, resistive, electromagnetic, and capacitive. This different technology has various characteristics and properties for the interactive whiteboard.
Interactive Whiteboard (IWB) Market Geographical Outlook:
- North America is anticipated to hold a significant share of the global interactive whiteboard market-
North America, notably the United States and Canada, is a pioneer in the early adoption of sophisticated technologies in a variety of areas, including education, business, and government, with major investment in EdTech and digital learning solutions pushed by government efforts.
The region has many leading players in the market such, as Cisco, Newline, Boxlight Corporation, etc. In January 2023, Newline Engage Cloud joined hands with Google for the Education Partner Program. This program is for the users to sell, service, and innovate with the Google Cloud platform and products. Newline can be used for apps like Google Classroom, and Google Drive, and interaction between students and teachers. Newline Interactive, headquartered in Texas, USA, is a leading provider of interactive touch displays and collaboration solutions.
The region is dynamic for new product developments, interactive solutions, innovations, acquisitions, and investments. Thus making North America a major share in the global interactive whiteboard market.
Interactive Whiteboard (IWB) Market Key Developments:
- January 2024 - Boxlight Corporation introduced Mimio®AI as a lesson-built feature in its MimioConnect™ learning platform. This simplifies lesson creation by enabling real-time content creation and unique customization of themes and learning styles by grade level and subject.
- March 2023 - Samsung Electronics launched Interactive Display with upgraded features and a software solution. This model is named as WAC. This works on Android OS. It is a customizable system. It is available in 65-, 75- and 86-inch models. Connected with the 3-in-1 USB-C port, HDMI output function, useful for the lecture theater. Device Management Solution (DMS) for WAC can be used for the remote solution. Device Management Solution (DMS) can also send warning messages to the screen when in an emergency.
- November 2022 - Promethean announced the acquisition of all of the assets of Explain Everything. Explain Everything is an online digital whiteboard platform. It can be used for the creation of lessons, activities, and interactive presentations. Explain Everything app is a tool to draw, animate, create videos, and collaborate and is available on all mobile platforms.
Interactive Whiteboard (IWB) Market Company Products:
- BenQ Board – BenQ Board is a Google EDLA-certified interactive whiteboard. It has software, specs, support, and security for the working. The product offers multiple features such as personalized accounts, data privacy, easy tap, interactive presentation, etc. A feature like EZWrite gives easy access to write, draw, or paint on a board with no storage limit. EZWrite gives pens & highlighters, erasers, texts, team activities, camera feeds, and templates on different subjects.? The product has enhanced security features such as data privacy, system security, strict authorization, restricted access, app security, and app blocking.
- MimioTeach – MimioTeach is software for teachers and students alike. It is used for interaction whiteboard lessons, collaboration, and class activities. It can be connected with the MimioMobile™ app, which can be connected with any device. The screen resolution is 1024 x 768 and higher. It has hardware compatibility with MimioView, MimioPad, MimioPro IFPD, and ProColor Series IFPD hardware. The MimioMobile App is separate for both teachers and students.
- Ricoh's Interactive Whiteboards (IWBs) – Ricoh's Interactive Whiteboards (IWBs) come in three different variants RICOH IWB A8600NEW, RICOH IWB A7500NEW, and RICOH IWB A6500. RICOH IWB A8600 is of the size 1968 in width x 1173 in height and 88 in thickness. RICOH IWB A8600 is of a weight of 73kg and displays a resolution of 4K. RICOH IWB A8600 has the audio compatibility of 15W+15W (Internal Speaker), 3.5mm stereo input x 1 bottom access, headphone OUT output x 1 bottom access, mic input x 1 bottom access, and SPDIF x 1 bottom access.
Interactive Whiteboard (IWB) Market Segmentation:
- By Size
- Upto 69’’
- 70’’ to 90’’
- 90’’
- By Technology
- Infrared
- Resistive
- Electromagnetic
- Capacitive
- Others
- By End-User
- Education
- Corporate
- Government
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
- North America