NEW YORK, May 24, 2016 /PRNewswire/ -- Interactive Display in the Education Sector
An interactive display is a dynamic information display device which can be operated by the means of touch. It is used for imparting information through connectivity with other technology products such as personal laptop, tablet etc. They amalgamate input devices, output devices, software and electronic hardware to provide an interactive experience. These comprise of networking elements, memory, processors, application software, and the OS. Interactive displays are used mainly in educational institutions, retail outlets, corporate meeting rooms, healthcare institutes, and government venues.
Interactive Display in the Education Sector market research report covers the present scenario and the growth prospects of the Strategic Assessment of the Worldwide Interactive Display Market in the Education sector for the period 2013-2021. The report provides in-depth analysis of market size, growth, trends, and market share analysis of Worldwide Interactive Display in the Education Sector market. This market research report includes a detailed market segmentation of the Worldwide Interactive Display in the Education Sector market by
Type of Components
• Interactive Whiteboard
• Interactive Projector
• Interactive Flat Pane
• Latin America
• Middle East and Africa
• North America
• Leading Country 1 (for each of the above regions)
• Leading Country 2 (for each of the above regions)
• Leading Country 3 (for each of the above regions)
Market Share Analysis of Key Vendors
• NEC Corp
• Promethean World PLC
• Seiko Epson Corp
• SMART Technologies Inc
• Vestel Elektronik Sanayi ve Ticaret AS
Interactive Display market in the Education sector – Market Size and Dynamics
Market research analysts at Beige Market Intelligence, forecast the Worldwide Interactive Display market in the Education sector to grow at a CAGR of more than 17% during the forecast period. The increasing development in the education sector especially in terms of investment is a key factor that is driving the market. Numerous counties around the world are looking at new and innovative means in the education sector and the interactive display is just one such innovation that fits the bill. Further to this, interactive displays allow for content to be streamed from other devices such a smartphones and tablets. Numerous studies have shown that there is a child`s learning ability increases considerably with interactive sessions which interactive display is able to address. Language learning in particular is one facet of education that needs continuous interaction for a proper grasp of the subject at hand.
Worldwide Interactive Display market in the Education sector can be segmented based on the products which go to make an interactive display, i.e, an interactive whiteboard, an interactive flat panel and an interactive projector. Interactive whiteboards are expected to account for approximately US$ 1.2 billion of the interactive display market in the education sector by 2021. This contribution of this product has been declining slowly since 2013 and is expected to decline till the end of the forecast period. However, interactive whiteboards will still be the leading contributor to the interactive display market in the education sector. Interactive panels are expected to record the highest CAGR during the forecast period of approximately 20 percent.
Interactive Display market in the Education sector – Geographic Analysis
North America as of 2015 accounted for the highest share of the interactive display market in the education sector. The region is expected to account for more than US$ 1 billion by 2021. School enrolment is an indicator of the Interactive Display market in the education sector. Advanced technology is required to reach out to large group of students, thus, leading to adoption of interactive displays, projectors, and flat panels. These devices assist in demonstration with the help of colorful imagery. Also, varied learning styles can be incorporated in these devices according to the instructors' style of teaching, leading to student engagement for effective learning
In terms of unit shipments, Europe is expected to account for a little over 1000 units by the end of the forecast period. One of the largest triggers for the market in Europe is the FATIH project. The project aimed at installing tablet computers in the hands of the students along with interactive whiteboards in every classroom. By 2015, more than 84 thousand classrooms have been equipped with interactive whiteboards. Thus, this region faces demand for interactive whiteboard in the era of emerging interactive flat panels.
The APAC region is expected to grow at a CAGR of approximately 20 percent during the forecast period. Interactive Display market in the Education sector in the APAC region is largely led by the digital media market. Digital media refers to the visual, audio, and photo content which is compressed digitally. The ease of mobility of digital content and its effectiveness in reaching out to masses is the key driver of the digital media market. Digital spend is recorded the highest in Asia Pacific. It comprises of 20.1 percent of the global digital spend.
Interactive Display market in the Education sector – Drivers, Restrains and Trends
This market research report provides market overview of the factors driving and restraining the growth of the market. The report also outlines the key trends emerging in the market that will contribute to the growth of Worldwide Interactive Display market in the Education sector during the forecast period. The factors driving the growth of the market include the deployment of digital learning. In 2015, digital textbook sales were 25 percent of the US Textbook market. This is expected to grow to 35 percent by 2016. The department of Education of the US has an ongoing project called the Federal Registry for Educational Excellence which provides digital library for the education experts. The growth in digital content in the education sector is just a small part of overall digital learning through the aid of interactive displays. Learning through interaction has always been more effective than standard one-way teaching. As such, an increase in digital content in any country will have a strong effect on the interactive display market.
There are a number of factors that act as restraints to the market of which fluctuating currency rate is one such restraint. The vendors operating in the Worldwide Interactive Display market in the Education Sector have a diversified geographic presence. The fluctuation of the local currencies against the US dollar would impact the financial stability of the company in the particular region especially if a large volume of their sales were based on exports. Timely delivery of products during a profitable exchange rate is one solution which companies have to ensure minimal risk.
A key trend that is expected to have a positive effect on the market is the emergence of non-calibrated systems. Non-calibrated interactive devices do not require adjusting for every usage. It has the ability to sense the requirement and perform according to changes in the environment. These projector systems can be moved from one environment to other without the hassles of setting up. Thus, the ease with which an interactive display can be used increases further and makes the product even more indispensable than what it was before.
Interactive Display market in the Education sector – Key Vendors and Market Share
The report Interactive Display market in the Education sector also provides the competitive landscape and market share of the key players. The report covers the players operating in the entire value chain of the market. The major players identified within the report NEC, Promethean World, Seiko Epson, SMART Technologies, and Vestel.
The report also covers the other prominent vendors in the market such as BenQ, BOXLIGHT, Egan Visual, Hitachi, Julong Educational, Panasonic, Ricoh, Samsung and Mimio.
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