PUBLISHER: Grand View Research | PRODUCT CODE: 1233219
PUBLISHER: Grand View Research | PRODUCT CODE: 1233219
The global interactive whiteboard market size is expected to reach USD 6.26 billion by 2030, expanding at 8.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The rapidly evolving education sector, increase in online education, and advancements in technical infrastructure by educational and corporate institutions are the key driving factors behind the expansion and growth of the interactive whiteboard industry.
Interactive whiteboards offer increased involvement of peers through screen sharing and interactive communications. It also provides digital annotation of documents to enable mobility and facilitates ease of operability for end-users. Furthermore, the introduction of advanced learning methods and a high emphasis on gamification in the education system has boosted the demand for digital learning, thereby resulting in the growth of the interactive whiteboard industry.
Educational institutions and governments around the globe remain keen to invest in the education sector. Several institutions have already implemented the Learning Management System (LMS) to ensure quality education and optimal use of resources. They are additionally implementing a student information system to eliminate redundant work. Many governments are also actively encouraging the use of student information systems, especially post the pandemic.
For instance, in 2021, the Indian government established the National Digital Educational Architecture (NDEAR) to strengthen digital infrastructure. The initiative aims to offer a distance education ecosystem. These developments would further drive the growth of the interactive board industry during the forecast period.
Changes in student demographics and growing expectations help evolve education dissemination models across various online learning and in-person experiences. The rising implementation of new education-imparting technologies is enabling easy assessment of information such as grades and attendance, thus facilitating institutions to enhance the teaching and learning outcomes. Moreover, technological advancements in the educational sector and the provision of tools for gathering data and insights required to improve operational efficiencies through customized smart board solutions are expected to drive the growth of the industry over the forecast period.