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  • cuba2128 cuba2128 Nov 29, 2012 12:16 PM Flag

    White Board sales up 22%

    Interactive whiteboard sales are up 22% year-on-year

    Paul Milligan, November 20, 2012

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    Sales of interactive whiteboards and interactive flat panel displays in the education and corporate sectors in Q3 are up 22 per cent year-on-year, according to the latest quarterly research from Futuresource Consulting. 2012 will see the first growth year in seven years for the UK market.

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    The UK market is forecast to have 10 per cent growth in 2012 according to Futuresource data.

    This is significant as it will be the first growth year for the UK in seven years. Interactive flat panel displays are starting to take market share from interactive whiteboards and some of the first replacement boards are being purchased, with schools tending to buy the same brands again.

    Although the BSF (Building Schools for the Future) programme was abandoned there is still significant new school construction due to the rise of academies, as well as substantial rebuilding programmes within existing schools.

    The total market for interactive whiteboards, interactive flat panels and interactive projectors within education and corporate sectors is forecast to reach 1.5 million by 2015. However, the adoption rates of the three products are very different by country and even by region.

    The scale of the opportunity in the corporate space is huge, with over 67 million meeting rooms worldwide – this segment of the corporate market alone is twice the scale of school classrooms. However, there is currently no adoption of any specific product, so the market is open to be taken.

    The corporate market is forecast to be the fastest growing sector, increasing to 24 per cent by 2016. This growth will be in the more developed markets like the USA, UK, Germany and Sweden.

    Asia has, by far, achieved its largest ever quarter in terms of sales, with 76 per cent year-on-year growth and activity in the region was much larger than in the Americas. China volumes were the largest, making China the largest country market in the world for the first time.

    Futuresource expectations are that the huge education tenders will continue. India also experienced a substantial quarter, with more than 300 per cent year-on-year increase.

    Sentiment: Strong Buy

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