According to recent market analysis, the interactive board market is expected to grow significantly in the next few years. A market report by ResearchAndMarkets states that the global interactive whiteboard market size is expected to hit $2.99 billion by 2025, growing at a CAGR of 7.4% from 2020 to 2025.
One factor driving growth of the interactive board market is the increasing adoption of digital learning solutions in education. As more schools and universities shift towards digital and remote learning, the demand for interactive whiteboards and displays is expected to increase. In addition, the COVID-19 pandemic has accelerated the adoption of interactive boards and displays for remote teaching and communication.
Another factor driving the growth of the interactive board market is the increasing adoption of interactive displays in corporate and business settings. Interactive boards are commonly used in conference rooms for presentations and collaboration, leading to an increase in demand for the technology. In addition, companies are also adopting interactive boards for digital signage and advertising purposes.
The Asia-Pacific region is expected to have the highest growth rate in the interactive board market due to the increasing adoption of technology in education and government sectors. Some of the key players in the market include SMART Technologies, Promethean World Ltd., BenQ, and Egan Teamboard Inc.