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Global interactive whiteboard market: 7% CAGR growth forecast between 2012-2016
Global Interactive Whiteboard Market 2012-2016 - a new market research report on 2014-04-29 03:47:01
The Global Interactive Whiteboard market is to grow at a CAGR of 6.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for dynamic interactive learning. The Global Interactive Whiteboard market has also been witnessing the adoption of interactive whiteboards in e-learning and virtual learning environments. However, the lack of government funding in the Education sector could pose a challenge to the growth of this market.

In recent years, interactive whiteboards are also finding application in e-learning and virtual learning. Interactive whiteboards are widely used as a device to facilitate content delivery through e-learning and virtual learning, which is expected to increase their adoption in the future years. Moreover, the e-learning market is expected to grow at 7.9 percent during the forecast period. Interactive whiteboards help in the rapid demonstration of potential modes of delivery. They can also act as a repository for sharing of resources to facilitate virtual learning. Thus, it could be widely used as a device to promote e-learning and virtual learning.

One of the main drivers in this market is the increasing demand for dynamic interactive learning. Dynamic interactive learning involves the integration of technology with classroom teaching. Interactive whiteboards provide a new approach to classroom learning using technology as a value-added feature to improve the learning process. Thus, the increasing demand from the Education sector in many countries is a key driver for the growth of this market.

One of the main challenges in this market is the lack of government funding in the Education sector. In some countries such as the US and the UK, the government funding in the Education sector has witnessed a steady decline in recent years. This in turn is expected to affect the market growth during the forecast period.

The key vendors dominating this space include Julong Educational Technology Co. Ltd., Promethean PLC, Smart Technologies Inc., and Vestel Group. The other vendors mentioned in this report are Egan TeamBoard Inc., eInstruction Corp., Fuzhou Returnstar Technology Co. Ltd., Hitachi Solutions America Ltd., Luidia Inc., Panasonic Corp., PolyVision Corp., QOMO HiteVision LLC, Samsung Electronics Co. Ltd., Sharp Corp., and TouchIT Technologies Inc.

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