Wainhouse Research has released results of a report conducted by profiling a group of big vendors in the eLearning, web conferencing and video space. Some pretty huge growth is estimated in these areas for the next few years, some of which is mentioned below:
- Wainhouse Research estimates the overall educational and training market for interactive whiteboard solutions (manufacturer revenue) will grow from $886.5 million in 2009 (the majority portion of a $1.01 billion market) to $1.98 billion in 2014, at a compound annual growth rate (CAGR) of 17.5%.
- Overall educational and training market for web conferencing will grow from $678.1 million in 2009 to $1.16 billion in 2014, at a CAGR of 11.5%. The $678.1 million figure represents approximately 38% of the overall web conferencing market of $1.7 billion we have forecast in several other reports.
- Interactive whiteboards have gained traction, though some variations exist by geography and segment. Corporate training and higher education have adopted the technologies fairly consistently yet to varying degrees; primary/secondary education has been a big adopter, most notably in the UK, where a government initiative has led to placement in 98% to 100% of all primary and secondary schools.
- China, Australia and New Zealand, Japan, and the Nordic countries have also adopted aggressively. North America has been inconsistent in adoption: Canada has been strong, but interactive whiteboard adoption in the US and Mexico has been regional and not consistent across the board.