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Global Interactive Whiteboard IWB Market Dynamics Drivers : Increase in demand from the education sector The ongoing spread of the COVID-19 has become one of the biggest threats to the global economy. It is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created edges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities. Factories across the globe have struggled to manufacture and assemble new devices as workers have stayed in their homes, and even the already available devices in various warehouses cannot be transported due to current rules & regulations, which, in turn, disrupted the global supply chains. COVID-19 has caused the semiconductor industry to mobilize quickly and make short-term decisions with long-term implications.ĬOVID-19 is having a large impact on both consumers and the economy. Electronics manufacturing hubs have been temporarily working at low efficiency to limit the COVID-19 spread among individuals. This has majorly affected the supply chain of the semiconductor market by creating shortages of components, finished goods, and materials. Lack of business continuity has ensured significant negative impacts on revenue, shareholder returns, and revenue, which are expected to create financial disruptions in the interactive whiteboard industry. The impact of COVID-19 on the manufacturing industry has significantly affected the global economy. Electronic components, such as sensors, ICs, and other semiconductor devices, are mostly imported from China. Attributed to the temporary shutdown of manufacturing units, the prices of semiconductor components have increased by 2-3%, owing to a shortage of supplies.
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Get Full PDF Sample Copy of COVID – 19 Impact on the Global Interactive Whiteboard IWB Market There is an increase in the number of touch sensors devices as touch-based devices are easier to access. Touch-based devices require a display panel to operate, which, in turn, helps in the growth of display devices. Thus, an increase in penetration of smart & connected devices with high-speed internet availability boosts the market’s growth. These displays are incorporated with touch sensors, which the user can navigate and extract other information. Therefore, the trend of touch-based devices is driving the growth of the interactive whiteboard market.
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The global interactive whiteboard (IWB) market is anticipated to witness significant growth during the forecast period. Factors such as the emergence of virtual classrooms & e-learning courses, government initiatives for digital education, and transformation of a traditional whiteboard into digital whiteboard drive growth of the interactive whiteboard (IWB) market. In addition, growth in digitalization & high adoption of electronics products boosts the overall market growth. However, lack of technical knowledge and high integration cost are major barriers to the global interactive whiteboard (IWB) industry. In addition, growth in the educational sector in Asia-Pacific is expected to create lucrative opportunities for the interactive whiteboard (IWB) industry. 3 billion by 2027, at a CAGR of 6.0% from 2021 to 2027. An interactive whiteboard (IWB) or smartboard is an interactive display board, which is a touch screen linked to a computer. Usually, this type of board looks similar to a big computer screen, where the user can write & move images through a touch of a pen or with fingers. The global interactive whiteboard IWB market size is expected to grow from USD 4.