Global Interactive Video Wall Market: Overview
Interactive video wall refers to a powerful display option with huge, high resolution touch screen walls that magnify the visual content. It is designed by combining multiple screens to display a larger image. The appeal of this technology lies in the fact that they are modular, i.e. they can be adjusted to suit the needs of any application, making them a highly flexible option for any venue and any application. They are highly engaging and incredibly entertaining.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Interactive Video Wall Market: Growth Factors
The skyrocketing demand for digital classrooms and platforms such as Google Meetings, Zoom, and Skype, especially in the context of the Covid-19 pandemic that has compelled social distancing, is likely to be a key driving force for the interactive video wall market worldwide. The popularity of online games and other entertainment platforms such as YouTube will also support growth. As the entertainment industry flourishes, the demand for interactive video walls will hike up over the coming years.
Interactive video wall displays are increasingly being deployed by the retail sector. Businesses are always in the lookout for unique and creative ways of presenting information in order to draw in potential customers and interactive video wall displays can aptly execute this role. Moreover, the cost of these products is also decreasing, enhancing their availability. The high flexibility of interactive video walls, coupled with their captivating presence renders them useful across a multitude of applications such as education, entertainment, retail, e-commerce, BFSI, corporate, government, healthcare, hospitality, and transportation. This has ensured that the global demand for interactive video walls will augment to a high degree.
However, high costs of these products can hamper the growth of the interactive video walls market. Another key restraint can be the limitations of outdoor interactive video walls that are not as efficient and durable as their indoor counterparts. Notwithstanding these restraints, the market will progress continuously as researchers are introducing new, cutting-edge, and unconventional technologies every other day.
Global Interactive Video Wall Market: Segmentation
Product type, panel type, type of technology, application, and region are the major segments of the global interactive video wall market. On the basis of type of technology used, the market can be segmented into LED, OLED, LCD, and other panels. In terms of panel type, the global interactive video wall market has been categorized into flexible, flat, and transparent. Flexible panel segment is likely to contribute the largest portion of share toward the global market.
By product type, the global interactive video wall market can be classified into interactive whiteboard, interactive kiosk, interactive monitor, interactive video wall, and interactive table. Increased demand for user-friendly interactive video wall products has increased the demand for interactive kiosks. The interactive kiosks segment might dominate the interactive video wall market as retailers cater to the needs of customers for greater independence and choice in the purchase processes.
Education, corporate, government, retail, sports & entertainment, BFSI, and healthcare are some chief segments of the global interactive video wall market based on application. The BFSI segment is set for maximum expansion over the forthcoming period owing to their increased deployment by FinTechs and banks for offering customers an engaging experience with the understanding of financial services, real-time comparisons, initiation of purchase procedures, and so on.
Global Interactive Video Wall Market: Regional Analysis
North America interactive video wall market is likely to lead the market in the coming times due to high penetration of technology and innumerable e-learning platforms across the education sector, where interactive learning is greatly preferred. Europe will also register a stable growth rate through the forecast period. The Asia Pacific countries will also contribute a significant share in the global interactive video wall market, driven by a strong foothold of the BFSI sector, increased adoption of advanced technologies, and the spike in the popularity of online gaming.
Global Interactive Video Wall Market: Competitive Players
Panasonic, Horizon Display, Samsung, Leyard Optoelectronic, NEC Corporation, LG Display, ViewSonic, Crystal Display Systems, Elo Touch, and Sharp are some leading competitive players in the global interactive video wall market. Rigorous R&D activities, acquisitions, and collaborations are some of the key business strategies implemented by the major companies in the global interactive video wall market.
Global Interactive Video Wall Market: Regional Segment Analysis
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