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1045374

Global Digital Whiteboard Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Digital Whiteboard Market - 2021-2028
Published: January 7, 2022
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
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  • Table of Contents
Description

Market Overview

The global digital whiteboard market size was worth US$ XX million in 2020 and is estimated to record significant growth by reaching up to US$ XX million by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).

A digital whiteboard is a digitally designed two-dimensional display space. Unlike traditional whiteboards, which utilize physical materials such as markers to create content, digital whiteboards often use a stylus or other tool to allow users to create digital writing, drawings, or designs.

Another name for digital whiteboard, the interactive whiteboard, is powered by a USB cable that connects it to a computer. When the computer is turned on, the driver (software that allows your computer to communicate with peripheral hardware) automatically starts up. The interactive whiteboard is active as long as the driver is running.

Some of the best know whiteboards available in the market are Miro (Web, Mac, Windows, iOS android), Miro is available on any device and on the web, Stormboard (Web, iOS android), MURAL (Web, Windows, macOS, iOS android), Limnu (Web android, iOS) and others.

Market Dynamics

In recent years, the growing adoption of digital learning and gamification has created a huge market share for digital whiteboard devices. Growing investments by the government towards promoting smart learning are expected to drive the market for the digital whiteboard in the forecast period.

The growing adoption of digital learning and gamification has created a huge market share for digital whiteboard devices in the recent period

Traditional classroom instruction has been changed by digital learning. The introduction of virtual classrooms and e-learning courses has led to global demand for digital whiteboards. Over the last decade, the e-learning business has grown significantly. For instance, between 2017 and 2020, the global eLearning market grew by 200 percent, reaching $250 million in value. It is estimated to reach well over $300 million by 2025.

According to the Research Institute of America, eLearning enhances retention rates by 25% to 60%, whereas face-to-face training has very poor retention rates, ranging from 8% to 10%. Students with eLearning have more control over the learning process and the ability to revisit the instruction as needed, creating the demand for the digital whiteboard in the forecast period.

Furthermore, the market for digital whiteboards is likely to be driven by the growing gamification trend in education over the forecast period.

In the education industry, interactive whiteboards (IWBs) are becoming more popular as they assist teachers in demonstrating topics through increased visualization and the usage of images and graphics acquired from the internet, leading to opportunities for the market to grow in recent times.

Growing investments by the government towards promoting smart learning is expected to drive the market for the digital whiteboard in the forecast period

Various government efforts targeted at converting traditional chalk blackboard classrooms to digital classrooms and the growing importance of virtual learning and e-learning settings are projected to be some of the key trends in the IWB market. For instance, India's central and state governments declared in January 2018 that they would offer digital operation boards in various government schools across the country to improve education quality and provide pupils with a 360-degree information experience.

However, academic institutions must provide enough staff training to do all of these operations on a digital platform. The absence of infrastructure in some emerging and underdeveloped regions is expected to limit the growth of the digital whiteboard market.

For instance, on 27 NOV 2020, Shri M. Venkaiah Naidu, India's Vice President, has called for a public effort to promote digital literacy and asked all technological and educational institutions to take the lead

The high cost of digital whiteboards in comparison to traditional boards has hampered the growth of the digital whiteboard market

One of the primary restrictions in the digital whiteboard industry is the high cost of the product compared to standard whiteboards. Aside from the product price, there's also the cost of accessories like a projector, stylus and other connecting devices and the installation fee. Also, expense of training employees to manage and operate the device is another factor acting as a restraint for the market growth of the digital product.

A traditional whiteboard costs approximately USD 20, whereas a digital whiteboard costs around USD 1500 and $15,000 depending on several factors such as size, brand, features, resolution and accessories. The high cost of digital whiteboards makes it difficult for small institutions and schools to install the product, thus restraining the market.

COVID-19 Impact Analysis

The COVID-19 is a respiratory disease that began in China and has now spread globally. The outbreak has shown severe effects on many major industries however has shown a positive impact on the digital whiteboard market due to the sudden shift towards virtual learning. The COVID-19 has caused schools all globally to close.

Over 1.2 million youngsters are out of school globally. As a result, education has undergone significant transformations with the rise of e-learning. Instruction is done remotely and via digital platforms, accelerating the market growth for digital whiteboard devices during the 2019-2020 period.

Furthermore, COVID-19 has also shut down various corporate units, increasing the% of work-from-home employees, which has added value to the goring market of a digital whiteboard during the pandemic phase.

Segment Analysis

The global digital whiteboard market is bifurcated based on technology, screen size, end-user and region.

Growing demand for infrared-based digital whiteboards in a variety of settings has boosted the market share for the segment

The global digital whiteboard market based on technology is segmented into infrared, resistive, capacitive, electromagnetic and others. Over the projection period, the infrared segment is expected to grow at a significant CAGR. Compared to other technology-based digital whiteboards such as resistive membrane or capacitive, infrared-based digital whiteboards are simple to use and durable.

A large interactive display that links to a computer and projector is known as an infrared interactive whiteboard. The board is usually hung on a wall or placed on a table. The interference of the user's finger, pen, or another pointer with infrared light at the whiteboard surface captures the movement of the user's finger, pen, or another pointer across the image displayed on the whiteboard.

Infrared digital whiteboards are available in various settings, including various levels of classroom education, corporate boardrooms, training or activity rooms for organizations, professional sports coaching facilities and broadcasting studios. They can be made of any material and do not require dry-erase markers. Multi-touch functionality is ensured by digital whiteboards equipped with this technology, widely utilized in corporate boardrooms, training rooms and classrooms.

Geographical Analysis

Asia-Pacific is expected to grow in the digital whiteboards market in the forecast period due to increasing government measures to advance education in the region

Asia-Pacific is expected to grow in the digital whiteboards market in the forecast period due to increased demand for digital whiteboards, resulting from e-learning initiatives in emerging economies such as Japan and India. Furthermore, the demand for digital whiteboards in the region is expected to be fueled by trends such as several government initiatives aimed at connecting classrooms with various technologies to make learning easier for students.

Furthermore, the presence of prominent players such as Panasonic Corporation, LG Display Co., Ltd, SAMSUNG ELECTRONICS CO., LTD. and SHARP CORPORATION is expected to drive considerable growth in the region

Competitive Landscape

The digital whiteboard market is highly competitive with the presence of local as well as global companies. Some prime companies contributing to the market's growth include Hitachi Ltd., Panasonic India, LG Display, NEC Display Solutions, Ricoh, Foxconn, Netdragon Websoft Holdings, Samsung, Returnstar Interactive Technology Group Co. Ltd., Boxlight, Cisco, Alphabet, Microsoft, Ludia Inc., QOMO, ECPlaza Network Inc., Specktron, Dongguan Riotouch Technology, Ketab Technologies and among others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the digital whiteboard market globally.

For instance, on January 02, 2020, LG Display has Introduced its latest Cutting-edge Displays for Airplanes, Automobiles and More at CES 2020. The company has also demonstrated an 86-inch LCD display with its in-TOUCH technology embedded inside the display. The display enables greater touch precision, clearer picture quality and slimmer design. In addition, the new display can also be used as an electronic whiteboard by allowing four active pens to work on it simultaneously.

NEC Display Solutions

Overview: NEC Display Solutions of America, Inc., a growing designer and provider of innovative displays, offers the industry's broadest range of products, including commercial and professional-grade large-screen LCD displays, desktop LCD monitors, direct view LED displays, a diverse line of multimedia and digital cinema projectors, integrated display solutions and analytic business intelligence solutions.

Product Portfolio: The company has a product portfolio of digital whiteboard that includes:

NEC MultiSync CB651Q-2: The product upgrade lectures and meetings with NEC's all-in-one collaboration boards come in three sizes and have up to 20 touch points with UHD resolution. The user has optimal usability and a quick touch response due to infrared touch technology. With a built-in whiteboard and wireless screen sharing capabilities, business and educational meetings can start quickly and with no hidden fees. Users can also annotate on any content on the screen using the inbuilt annotation tool.

Key Development

For instance, on September 05, 2019, NEC Display Solutions of America announced the CB Series Collaboration Suite release, a powerful and simple-to-use collaboration solution that boosts productivity in classrooms and business meetings.

Why Purchase the Report?

Visualize the global digital whiteboard market segmentation by technology, screen size, end-user and region highlight key commercial assets and players.

Identify commercial opportunities in the global digital whiteboard market by analyzing trends and co-development deals.

Excel data sheet with thousands of data points of global digital whiteboard market-level 4/5 segmentation.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global digital whiteboard market report would provide approximately 61 market data tables, 54 figures and 180 pages.

Target Audience 2022

Service Providers/ Buyers

Government Sectors

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Logistics companies

Distributors

Table of Contents
Product Code: DMICT4519

Table of Contents

1. Global Digital Whiteboard Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Digital Whiteboard Market - Market Definition and Overview

3. Global Digital Whiteboard Market - Executive Summary

  • 3.1. Market Snippet by Technology
  • 3.2. Market Snippet by Screen Size
  • 3.3. Market Snippet by End-User
  • 3.4. Market Snippet by Region

4. Global Digital Whiteboard Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. The growing adoption of digital learning and gamification has created a huge market share for digital whiteboard devices in the recent period
      • 4.1.1.2. Growing investments by the government towards promoting smart learning are expected to drive the market for the digital whiteboard in the forecast period
    • 4.1.2. Restraints
      • 4.1.2.1. The high cost of digital whiteboards in comparison to traditional boards has hampered the growth of the digital whiteboard market
    • 4.1.3. Opportunity
      • 4.1.3.1. XX
    • 4.1.4. Impact Analysis

5. Global Digital Whiteboard Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Digital Whiteboard Market - COVID-19 Analysis

  • 6.1. Analysis of COVID-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Digital Whiteboard Market - By Technology

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 7.1.2. Market Attractiveness Index, By Technology
  • 7.2. Infrared*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Resistive
  • 7.4. Capacitive
  • 7.5. Electromagnetic
  • 7.6. Others

8. Global Digital Whiteboard Market - By Screen Size

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 8.1.2. Market Attractiveness Index, By Screen Size
  • 8.2. Up to 69 *
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. 70" - 90"
  • 8.4. Above 90"

9. Global Digital Whiteboard Market - By End-User

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.1.2. Market Attractiveness Index, By End-User
  • 9.2. Education*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Corporate
  • 9.4. Government

10. Global Digital Whiteboard Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 10.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 10.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 10.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 10.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.3.6.1. Germany
      • 10.3.6.2. UK
      • 10.3.6.3. France
      • 10.3.6.4. Italy
      • 10.3.6.5. Russia
      • 10.3.6.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 10.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 10.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.4.6.1. Brazil
      • 10.4.6.2. Argentina
      • 10.4.6.3. Rest of South America
  • 10.5. Asia-Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 10.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 10.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 10.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. Rest of Asia-Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 10.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Screen Size
    • 10.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11. Global Digital Whiteboard Market - Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Global Digital Whiteboard Market- Company Profiles

  • 12.1. NEC Display Solutions*
    • 12.1.1. Company Overview
    • 12.1.2. Type Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Hitachi Ltd
  • 12.3. Panasonic
  • 12.4. LG Display
  • 12.5. Ricoh
  • 12.6. Foxconn
  • 12.7. Netdragon Websoft Holdings
  • 12.8. Samsung
  • 12.9. Returnstar Interactive Technology Group Co. Ltd
  • 12.10. Boxlight(*LIST NOT EXHAUSTIVE)

13. Global Digital Whiteboard Market - Premium Insights

14. Global Digital Whiteboard Market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us