BANGALORE, India | 26th August 2020: The major factor driving the growth of interactive display market size is its dynamic nature. With the growing adaptation of digital classrooms and the increase in popularity of gamification among youth, they are fuelling the growth of interactive display market size.
The global interactive display market size was valued at USD 14.63 Billion in 2018 and is projected to reach USD 29.19 Billion by 2026, at a CAGR of 8.80% from 2019 to 2026.
The Interactive Display Market report primarily covers fundamental market dynamics that include drivers, constraints, opportunities, and challenges. This report also provides insight into the Interactive Display Market size and share.
COVID-19 IMPACT ON INTERACTIVE DISPLAY MARKET
Border controls and lockdowns have resulted in supply chain delays, while social distancing has led to the closure of production and assembly units in China, the US, and other major manufacturing regions. The interactive display ecosystem, which mainly relies on the electronics industry, is expected to see a possible short-term slowdown due to the disruption of the supply chain. This could, in turn, lead to a decrease in the sale of Interactive Display systems.
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TRENDS INFLUENCING THE INTERACTIVE DISPLAY MARKET SIZE
Interactive displays are becoming more common in the retail sector. For retail applications such as point of sale ( POS) systems, kiosks, ATM, and digital signage, interactive displays are used. Most retailers use touchscreen technology to lure customers and grow enterprises. This increase in adoption by the retail sector is, in turn, expected to increase the interactive display market size.
Because of rapid technical developments, businesses depend on innovation to provide product diversity and added features. In order to make them user-friendly and interactive, researchers working with numerous organizations to incorporate emerging technology into the traditional interactive display. Artificial Intelligence ( AI) is one such technology which gives the interactive display market enormous opportunities to expand. This possible integration of AI is expected to increase the interactive display market size.
The growing demand for the interactive whiteboard in the education sector is expected to increase the growth of Interactive Display Market size. Interactive whiteboard displays are useful to teach and learn. The interactive display provides various benefits, such as increased interaction between students and teachers, allowing students to learn better with different conditions, adding flexibility in learning, reducing teaching costs, and allowing students to save lessons for later learning or examination.
An increase in preference towards the touch-based device is expected to drive the growth of the interactive display market size. Growing customer preference towards touch-based home appliances such as refrigerators, microwaves, washing machines, and chimneys increases the scope for interactive display.
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INTERACTIVE DISPLAY MARKET SHARE ANALYSIS
Based on the product, the interactive kiosks segment is expected to hold the largest Interactive Display Market share. Software solutions play a major role in the industry, as kiosk providers must provide sellers with personalized solutions according to the product and location requirements. Interactive kiosks allow retailers to provide customers with a high degree of satisfaction by giving them greater control over their purchasing decisions.
Based on end-user, the BFSI is expected to dominate the interactive display market share during the forecast period. Interactive screens are used in banks and financial institutions to pass on financial information. Such displays help consumers understand financial products, make a comparison in real-time, help them purchase processes, and provide feedback.
Based on the region, North America is expected to hold the largest Interactive Display Market share. The growing trend of e-learning and immersive learning in the education sector boosts the growth of Interactive Display Market size.
KEY BENEFITS FOR INTERACTIVE DISPLAY MARKET:
- This study comprises analytical depiction of the global interactive display market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The global interactive display market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the interactive display industry.
- The report includes the share of key vendors and market trends.
INTERACTIVE DISPLAY MARKET SEGMENTS:
By Panel Type
- Flat Panel
- Flexible Panel
- Transparent Panel
By Screen Size
- Less than 35″
- 35″ to 60″
- More than 60″
- Interactive Table
- Interactive Monitor
- Interactive Kiosk
- Interactive Whiteboard
- Video Wall
By End User
- Military & Defense
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SIMILAR REPORTS :
- Interactive Kiosk Market Report
The global interactive kiosk market size was valued at USD 14.76 Billion in 2018 and is projected to reach USD 32.51 Billion by 2027, growing at a CAGR of 9.1% from 2020 to 2027.
Growing demand for automated systems is driving growth in the interactive kiosk market as the smooth performance of self-service machines improves overall customer loyalty and decreases operation time compared to manual services.
Furthermore, the retail industry has become an evolving field of digital kiosk technology. These systems provide the experience of moving products inside or outside the brick and mortar venue. Thus, it is anticipated that the adoption of interactive systems in retail applications would drive the growth of the interactive kiosk market size.
- Interactive Tables Market Report
Interactive tables are used for exhibits, education, trade shows, retail, control rooms, AEC software, and other applications.
The adoption of interactive tables in the education sector is expected to increase the growth of Interactive Tables Market size. Growing demand for digital classrooms is expected to accelerate market growth, allowing multiple students to work together for cooperative learning.
Furthermore, due to the advent of different interactive display technologies, especially in North America. Moreover, in terms of the transport industry, the hospitality sector is undergoing a paradigm change, including train stations, airports, and public places. In these public locations, tourists and travelers can get personalized information in mobile data screens and kiosk terminals, such as booking & check-in, social media networking, and special offers.
- Interactive Whiteboard Market Report
In 2019, the global Interactive Whiteboard market size was USD 1848.3 Million, and it is expected to reach USD 3581.6 Million by the end of 2026, with a CAGR of 9.8% during 2021-2026.
The global Interactive Whiteboard market size in terms of production is projected to grow to 4335 K Units by 2022 from 1820 K Units in 2016, with a CAGR of 15.56%.
China and Southeast Asia are expected to witness the fastest growth in the interactive whiteboard market due to major OEM companies’ presence.
- Interactive Display Screens Market Report
- Digital Interactive Display Walls Market Report
- LED Interactive Display Market Report
- LCD Interactive Display Market Report