Summary
A New Market Study, titled “Interactive Display Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
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Overview:
The global interactive display market is slated to surpass a valuation of USD 12,882.7 million during the forecast period of 2019 to 2024. Market Research Future (MRFR) predicts the possibility of a rise of 6.66% CAGR during the forecast period. Among major traction providers, the market is going to enjoy support from greater inclusion of technologies, research funding from investors, growing demand for the product from schools, colleges, and other institutes, government support, tie-ups between eminent players, and others. However, the initial setup cost may discourage end users from buying such equipment.
Segmentation:
The global interactive display market report includes a proper analysis of the product, panel size, and end user. Data collected from these segments would reveal more about trends that are governing the market.
By product, the interactive display market includes whiteboards, kiosks, video walls, tables, and monitors. The kiosk segment has the chance to dominate the global market during the forecast period. These are user-friendly and hence their demand is rising continuously. The whiteboard segment may register the highest CAGR during the forecast period of 2019 to 2024.
By panel size, the market report includes a study of 32" to 65", 17" to 32", 65" & above. The 32" to 65" segment has the opportunity to dominate the market as these are widely used in restaurants and railway stations. In addition, these are cost-effective.
By end user, the interactive display market report comprises segments like transportation, education, sports & events, BFSI, retail, healthcare, entertainment, and others. The sports & events segment has a high chance of dominating the global market. The transportation segment may register the fastest CAGR for the forecast period.
Regional Analysis:
Technological superiority, structural support, financial compatibility, and others are expected to keep North America and Europe in advantageous positions. In Asia Pacific, structural reforms in various sectors like healthcare, transport, and others can bolster the regional market growth. India, China, Japan, South Korea, and others are going to play a prominent role in taking the regional market ahead.
Competitive Landscape:
The global market report on the interactive display market includes a discussion of the latest tactical measures implemented by companies like Sharp Corporation (Japan), LG Display (South Korea), Samsung (South Korea), NEC Corporation (Japan), Leyard Optoelectronic Co. Ltd (China), ViewSonic Corporation (US), Qisda Corporation (Taiwan), ELO Touch Solutions, Inc. (US), Panasonic Corporation (Japan), Horizon Display, Inc. (US), Baanto International Ltd (Canada), Crystal Display Systems Ltd (UK), Gesturetek, Inc. (US), Interactive Touchscreen Solutions, Inc. (US), and Egan Visual, Inc. (Canada).
Industry News:
In September 2020, ViewSonic Corp., a leading company in the visual solution products sector, announced that its ViewBoard® IFP70 Interactive Display series got a certification from Microsoft as a Windows Collaboration Display (WCD). The new device is perfect for ensuring a seamless integration of new processes to ensure a hike in productivity and nurture teamwork. It would also support a hybrid workforce operating from both home and office.
In September 2020, SHARP Business Systems announced the launching of the world’s first Windows Collaboration Display. The service it promises would be best-in-class for various business meetings with better space utilization and productive collaboration. It will require minimal setup. Windows Collaboration Display PN-CD701 has been designed, keeping in mind the needs of corporate companies and their workspaces.
During the COVID-19 pandemic, a lot of companies and institutes have started working from home, which requires better setups for smooth functioning. Such changes would trigger the global expansion of the interactive display market.
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