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Interactive Whiteboard Market Valued At $1.3Bn According to New Futuresource Report - The Interactive Whiteboard (IWB) market continues to gain momentum, growing by 15% last year to reach total revenues of US$1.4 billion, according to a new market report from Futuresource Consulting - Futuresource-Consulting.com
Interactive Whiteboard Market Valued At $1.3Bn According to New Futuresource Report

 

PRZOOM - /newswire/ - Dunstable, Bedfordshire, United Kingdom, 2011/06/23 - The Interactive Whiteboard (IWB) market continues to gain momentum, growing by 15% last year to reach total revenues of US$1.4 billion, according to a new market report from Futuresource Consulting - Futuresource-Consulting.com .

   
 
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"Over 3.6 million IWBs have now been installed globally, with the technology taking a secure hold within the education sector," says Colin Messenger, Senior Consultant at Futuresource. "And there is still a huge opportunity available here - world classroom penetration has just tipped 9%, which means there are still more than 30 million classrooms across the globe without a board. The demand is there and the future prospects are first-rate."

In its recently-released quarterly report, Futuresource reveals that EMEA will be the biggest IWB region from 2012 onwards, with strong expectations of multiple government tenders during the year and sales gaining traction in many countries across the region.

Looking to the US, there have been challenges to budgets and reductions in funding. Although over its sales peak, the US is still a very important market, with classroom penetration levels at 35%, which is half the UK figure.

"Despite the budget restrictions faced by the US, there is still plenty of room for growth and we're predicting a strong market for at least the next four years," says Messenger. "Although federal government will no longer stimulate the economy, local school districts can raise money for technology funding. As with the world tenders we track, there seems to be no direct link between a district's economic prosperity and the investment in school spending."

There have been two significant acquisitions in the last quarter, namely DYMO / Mimio buying Headsprout and Pearson buying Schoolnet. Both these purchases highlight the desire for the leading players to build the education focus of their businesses. This is a major differentiator and sets them aside from a manufacturer who is just producing hardware.

"In this current economically unsure world, education is a beacon that remains universally valued across the globe," says Messenger.

Futuresource Consulting (futuresource-consulting.com) is a specialist research and knowledge-based consulting company, providing its clients with expertise in consumer electronics, digital imaging, entertainment media, broadcast, optical manufacturing, storage media and IT.

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All information provided by Futuresource in any form is proprietary information that belongs to Futuresource and is protected by UK and international copyright law. Except as outlined below, direct or indirect reproduction of information, in whole or in part and by any means, is prohibited without the express written consent of Futuresource.

Members of the press may use a press release in its entirety or take segments from it as necessary; they may also use a graph, a slide, or a section of a supplied research report less than fifty words long, provided all text is identified as "Source: Futuresource" and all graphics are credited with "Futuresource, copyright 2011".

 
 
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Interactive Whiteboard Market Valued At $1.3Bn According to New Futuresource Report

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Contact: Andy C. Watson - Futuresource-hq.com 
+44 1582 500169 andy.watson[.]futuresource0hq.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Futuresource Consulting securities in any jurisdiction including any other companies listed or named in this release.

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