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The Europe - Interactive Whiteboard Market size is estimated to grow at a CAGR of 6.95% between 2022 and 2027. The market size is forecast to increase by USD 219 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by end-user (education sector and corporate sector) and technology (resistive, capacitive, infrared, electromagnetic pen, and others). This report also includes an in-depth analysis of drivers, trends, and challenges.
The increasing use of advanced technologies in the education sector is notably driving market growth. Over the past decade, the education sector in Europe has seen an impressive growth rate of double digits, largely due to a heightened focus on basic education. As a result, governments across the continent are investing more in this sector by opening new schools and educational institutions. One significant advancement that has contributed to improved learning outcomes is the integration of interactive whiteboards into classrooms. These boards allow teachers to create interactive and engaging lessons, which help to reduce distractions among students while boosting their overall learning experience. Compared to traditional teaching methods, interactive whiteboards also provide clearer and more accurate images and graphs. With the younger generation becoming increasingly tech-savvy, it is crucial for educational institutions in Europe to adopt advanced technologies such as interactive whiteboards. This trend is expected to drive the demand for interactive whiteboards in the region, thereby fueling the growth of the interactive whiteboard market in Europe during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Hitachi Ltd. - The company offers interactive whiteboards such as Creative Touch 5 plus series 65, Creative Touch 5 plus series 75 and Creative Touch 5 series 75, under the subsidiary of Optoma Corp.
The Europe interactive whiteboard market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the education sector segment will be significant during the forecast period. The education sector comprises schools and colleges that are managed by either government or private organizations. Interactive whiteboards are the newest and most interactive teaching tools for modern and connected classrooms in Europe.
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The education sector segment was the largest and was valued at USD 371.26 million in 2017. These panels provide a platform for teachers to present content more effectively than traditional teaching methods. The significant investments in Information and Learning Technology (ILT) infrastructure in colleges, the development of digital content and mobile learning applications, and national training initiatives have transformed traditional learning and teaching methods in the region which resulted in Europe - interactive whiteboard market expansion. Due to all these factors, the adoption of interactive whiteboards in the education sector is gaining traction, and the interactive whiteboard market in Europe is expected to grow during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Implementation of multi-touch technology in education is an emerging trend shaping the market growth. Multi-touch interface technology recognizes multiple simultaneous touches, allowing several users to interact with computer applications at the same time. It includes gestures such as swipes, pinches, and rotations, providing immediate interaction with digital content. Multi-touch technology is commonly associated with capacitive touchscreen displays. Incorporating multi-touch technology in education offers immense opportunities for interaction with graphical user interfaces (GUIs), more gestural control, and multi-user collaboration. It enables dynamic interaction around content, making classroom sessions more engaging for students. Multi-touch technology is easy to implement, offering a broad range of possibilities.
As a result, instructors are increasingly incorporating it into their delivery methods. As this trend continues, it is expected to enhance student interest in classroom sessions, which may positively impact the interactive whiteboard market in Europe during the forecast period.
Challenges in implementation are a significant challenge hindering the market growth. The role of technology in education has changed, but many institutions haven't increased their budget for improving IT infrastructure at the same pace. While classroom technology needs to be flexible, a lack of financial resources for transformational work is a major hurdle in adopting interactive whiteboards. Full implementation of content management has significantly strengthened the education system in Europe. The availability of necessary hardware and understanding of how to use it optimally by faculty and instructors has played a crucial role in the adoption of technology in education. This has also made upgrading from traditional to digital learning and marketing institute websites more efficient.
However, teachers find it challenging to use technology to engage with students and support e-learning which is restricting the Europe - interactive whiteboard market expansion. Programs for training and professional development are essential to help teachers teach with technology. These factors are expected to hinder the growth of the interactive whiteboard market in Europe during the forecast period
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Europe Interactive Whiteboard Market Customer Landscape
In 2020, the outbreak of the COVID-19 pandemic had a negative impact on the regional market. However, the initiation of mass vaccination drives and other government initiatives resulted in the resumption of government initiatives in 2021. Moreover, powerful student information systems are equipped with artificial intelligence (AI) capabilities, which had a positive impact on Europe - interactive whiteboard market expansion growth. Such factors are anticipated to drive the growth of the interactive whiteboard market in the region during the forecast period.
The Europe interactive whiteboard market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Europe Interactive Whiteboard Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.95% |
Market growth 2023-2027 |
USD 219 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.29 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Classroom365 Ltd., Hitachi Ltd., LG Electronics Inc., Mercells services, Microsoft Corp., NTS systems and trade Ltd., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., SMART Technologies ULC, StarBoard Solution GmbH, VideoCentric Ltd., ViDiS SA, ViewSonic Corp., Zhejiang Dahua Technology Co. Ltd., Coretronic Corp., Emerald X LLC, and Qisda Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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