Digital Whiteboard Market Size
Global Digital Whiteboard Market reached USD 4.8 billion in 2022 and is expected to reach USD 7.1 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2024-2031. Continuous advancements witnessed in display technology, interactive touchscreens and software capabilities have significantly improved the performance and user experience of digital whiteboards, these advancements have made digital whiteboards more responsive and user-friendly, driving their widespread adoption.
North America is expected to hold around 1/3rd of the global digital whiteboard market during the forecast period. In North America, COVID-19 accelerated the adoption of remote work and virtual collaboration tools, digital whiteboards played a significant role in facilitating virtual meetings which drive the market. The region also focuses on interactive learning led to the widespread adoption of digital whiteboards in schools.
Market Summary
| Metrics | Details |
| CAGR | 6.1% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Technology, Screen Size, End-User and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Growing Digital Learning
The rise of hybrid and blended learning models, especially during the COVID-19 pandemic, has accelerated the adoption of digital whiteboards, these boards facilitate seamless virtual classrooms and collaborative learning experiences, bridging the gap between in-person and online education.
For instance, On 2 August 2023, Brillio, a digital transformation services provider, extended its Digital Shaala initiative to 50 Municipal Corporation (PMC) schools in Pune, benefiting more than 18,500 students. The initiative, conducted in collaboration with PMC and the non-profit organization Muskaan Dreams, aims to establish Digital Learning Centers in schools.
Digital whiteboards offer flexibility in presenting various types of content, from traditional slides to real-time annotations and demonstrations. Educators adapt their teaching methods to suit different learning styles and individual student needs.
The Rising Government Initiatives
Governments are increasingly promoting digital education policies that encourage the adoption of technology in classrooms, these policies include providing funding and support for schools to invest in digital whiteboards and other educational technology. The financial support provided by the government makes it more accessible for educators and schools for adopting these technologies.
For instance, On 24 June 2021, Karnataka Chief Minister B S Yediyurappa launched initiatives for promoting digital learning and bridging the digital divide in higher education, with a total cost of approximately Rs 195 crore. The initiatives include distributing tablet PCs to 1.55 lakh students (Rs 163 crore), creating 2,500 smart classrooms (Rs 27.77 crore) and developing a learning management system (LMS) (Rs 4.04 crore).
High Cost Effective and Compatibility Issue
Digital whiteboards are expensive to purchase and install with advanced features and functionalities. The initial investment for some organizations with limited budgets is a challenging situation for adapting boards. Digital whiteboards offer numerous benefits, collaboration and productivity but with higher price tag may deter their adoption.
Digital whiteboards heavily rely on technology, including power sources, software and hardware components. Any technical failures or system glitches can disrupt presentations or teaching sessions. Software bugs, network connectivity and compatibility issue leads to an increase in unacceptable crashes and freezes in the interface.
Market Segment Analysis
The global digital whiteboard market is segmented based on technology, screen size, end-user and region.
Advancements in Infrared Technologies
Infrared technology is expected to hold a share of about 31.5% of the global digital whiteboard market during the forecast period 2023-2030. Infrared technology offers touch-sensitive capabilities in digital whiteboards and allows users to interact directly with the board using their fingers, this features enhanced interactivity which makes the learning or presentation experience more engaging and interactive.
Infrastructure is cost-effective compared to other touch technology devices. For instance, On 9 May 2022, HDVISION, a Korean startup company, won the Innovation Award at CES 2022 for its product, V-Board. The V-Board is an IR (Infrared) interactive electronic blackboard that can turn any display device into a touch screen by setting up a sensor camera and connecting it to a PC or mobile phone.
Market Geographical Share
The Rising Demand for Interactive and Engaging Learning in Asia-Pacific
Asia-Pacific digital whiteboard market is expected to witness the highest growth rate during the forecast period 2023-2030. The interactive and engaging learning experiences the demand for digital whiteboards rises, which become popular in schools, colleges and universities, the whiteboards allow educators to incorporate multimedia content, interactive quizzes and collaborative activities that make learning more dynamic and effective.
For instance, On 28 June 2023, Dahua Technology launched the Dahua DeepHub Smart Classroom Solution, aimed at enhancing interactive learning in K-12 and higher education classrooms. The solution combines hardware and software features, including DeepHub series interactive whiteboards, to facilitate digital education.
Major Key Players
The major global players include NEC Display Solutions, Hitachi Ltd, Panasonic, LG Display, Ricoh, Foxconn, Netdragon Websoft Holdings, Samsung, Returnstar Interactive Technology Group Co. Ltd and Boxlight.
COVID-19 Impact on Market
During the pandemic digital whiteboards allowed educators to create virtual classroom. They conduct live lessons, share presentations and engage with students in real-time, fostering a sense of connection and interaction, with the help of digital whiteboards students actively participate and ask questions easily and teachers also respond quickly.
During COVID-19 government-imposed lockdowns and restrictions on traveling, schools were closed at that time, so digital whiteboard provides flexibility and accessibility that allow students to participate in classes rather than coming to schools, these factors increase the demand for digital whiteboard market during the pandemic.
AI Impact
AI-powered digital whiteboards help to recognize and interpret the gestures of the students, which makes the interaction more natural. Users can easily navigate through menus, zoom in/out and perform other actions using simple gestures, enhancing user experience and productivity, these factors boost the growth of the market.
For instance, on 29 June 2023, Microsoft introduced the AI Skills Initiative, aiming to empower individuals and communities globally to harness the potential of artificial intelligence (AI). The initiative has free coursework made with LinkedIn, including the first-ever professional certificate on generative AI. It also involves an open global grant challenge in partnership with data.org to explore innovative approaches for training workers in generative AI. Additionally, Microsoft will provide increased access to free digital learning events as part of this initiative.
Russia- Ukraine War Impact
The conflict damaged infrastructure that includes electricity supply and communication networks and which hinders the implementation of digital technologies in certain areas. The economic impact of the war has destroyed the government's resources and that made it challenging to allocate funds for large-scale digitization initiatives in the education sector.
The rise in the war resulted in the displacement of people from Ukraine that includes students and teachers, the war situation makes it difficult to maintain continuity in the education system. Many students face interruptions in their studies due to the conflict. Cybersecurity concerns become more critical during times of conflict as digital systems and platforms become major targets for cyberattacks.
Key Developments
- On 9 May 2023, StormAI, the industry's first Augmented Intelligence co-collaborator, was created by Stormboard, a premier data-first collaboration platform provider. StormAI works with humans to more efficiently develop ideas, strategize and communicate, making discussions and brainstorming sessions more productive and efficient.
- On 18 November 2022, Ricoh launched its new Android-based A-Series Interactive Whiteboards (IWB) in Australia, these Interactive Flat Panel Displays (IFPD) are designed to meet the interactive learning and collaborative needs of classrooms, training rooms and corporate meeting spaces. The IWBs come with built-in Android-based apps and offer a simple UI, allowing up to 16 simultaneous touchpoints with either the included dual-tip passive pen or a finger.
- On 21 March 2022, ViewSonic Corp. is launching its next-generation ViewBoard IFP62 series digital whiteboard at the Enterprise Connect Conference and Expo. The interactive displays are available in 65-inch, 75-inch and 86-inch sizes and are designed to facilitate collaboration and connectivity for today's hybrid workforce. The IFP62 displays feature a bezel-less PCAP touchscreen with native Ultra HD 4K resolution, offering a natural and responsive writing experience.
Why Purchase the Report?
- To visualize the global digital whiteboard market segmentation based on technology, screen size, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of digital whiteboard market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global digital whiteboard market report would provide approximately 61 tables, 59 figures and 201 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
