USD 39.50 billion
Report ID:
SQMIG45J2131 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
97
|Figures:
76
Interactive Display Market size was valued at around USD 43.17 billion in 2022 and is expected to rise from USD 47.18 billion in 2023 to reach a value of USD 96.11 Billion by 2031, at a CAGR of 9.30% during the forecast period (2024–2031).
The market is expected to grow greatly in the future years, due mostly to growing demand for virtual classrooms and increasing adoption of interactive displays such as video walls and tables. These interactive TV displays and dynamic tables are utilized in transit spaces/public transport, such as train stations and airports.
The interactive or on-screen display is a type of display that accepts commands from users by using a finger or stylus instead of peripheral devices like a mouse or keyboard. The interactive display also comprises screens that display information such as words, photos, and videos. These displays are utilized in a variety of areas, including retail, healthcare, the hospitality industry, and education.
The use of new technologies in the education sector, such as mobile phones, laptops, tablets, and touchscreen white boards and tables, projection screens, and kiosks in classrooms, grows student engagement by rendering the learning process more interactive, resulting in higher levels of learning retention. Furthermore, these displays aid in the maintenance of a comfortable communication environment in the classroom, encouraging group learning, engagement, and creativity, as well as feedback not only between professors and students but also among students themselves. Furthermore, these display technologies enable teachers to incorporate media, games, music and video clips into their teaching. In recent years, student tastes have shifted towards digital learning, which allows students to study through relevant digital materials.
Furthermore, variables such as popularity of the internet and changing technological preferences have influenced the use of touch display technologies. Furthermore, the growing emphasis on personalization in the educational system has helped market growth. Gamification is regarded as a powerful technique that enhances the medium for delivering lectures by adding lessons in the form of games and aids in the development of cognitive abilities and successful engagement in classes. Furthermore, it allows for the incorporation of 3D characters and gaming features into successful courseware, making the educational process more interesting for students.
US Interactive Display Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 39.50 billion
Largest Segment
Flat
Fastest Growth
Flat
Growth Rate
9.3% CAGR
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The global interactive display market is segmented based on display type, application, and region. With respect to categorization by display type, the market is segmented into interactive kiosks, interactive video wall, interactive tables, Interactive monitors, and interactive whiteboard. Based on panel type, the market is segmented into flat, flexible, transparent. Based on application the market is segmented into retail, hospitality, healthcare, transportation, BFSI, corporate, entertainment, education. Based on region the global Interactive display market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Interactive Display Market Analysis by Display Type
The most common types of interactive display screens include video walls, tables, monitors, kiosks, and whiteboards. The interactive kiosk category had a market share of more than 70.0%. This segment's expansion can be linked to rising demand for active self-services in retail, transportation, and healthcare. Smart snack machines, Automated Teller Machines (ATMs), and other touch-enabled self-service devices could help businesses provide good customer service even during peak business hours. Furthermore, the increased usage of interaction kiosks in the item or service delivery business has enabled corporations to give customized programmes to their clients at cheap delivery rates.
The interactive video wall market is predicted to grow at the quickest rate, with a CAGR of 11.7%. The market is being pushed by a growing emphasis on the use of touchscreen video walls in healthcare institutions. Touchscreen video walls and monitors, for example, are utilized to communicate critical information about healthcare facilities and clinicians in order to improve the experience of patients and service delivery. Furthermore, rising consumer demand for higher resolution video walls, fueled by pro-technology lifestyles, is propelling the adoption of products among end users.
Interactive Display Market Analysis by Application
The BFSI industry led the market, accounting for 32.2% of the total. The growing trend of touch-based gadgets, as well as increased use of interactive kiosks and interactive tables, are expected to drive up demand for touch-enabled displays in the retail sector in the future years. For example, numerous large retail shop chains, like Walmart, have begun to use dynamic kiosks to display products, along with the prices and requirements, thereby improving the in-store experience of customers. The retail category is predicted to offer excellent growth potential for all market participants, supported by an expanding number of business spaces, such as retail centers and malls, around the world.
Furthermore, the use of self-service systems such as cash deposit machines, check scanners, and automated teller machines (ATMs) is expected to boost segment growth in the near future. Furthermore, the advent of interactive kiosks has been a game changer in the transport sector, positively impacting sector growth. Multimedia kiosks help to promote travel destinations, organize and show important information, and conduct complex functions such as recording transactions, distributing travel vouchers, and making reservations.
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North America holds the greatest proportion, accounting for 26.7%. The significant presence of touch table solutions providers, as well as a big number of restaurants adopting interactive or touch-enabled technology in countries such as Canada and the United States, can be credited to the increase. In the current environment, the United States controls the whole North American market. Touch tables are being widely adopted in the education, business, retail, and government industries in the United States.
Asia Pacific is predicted to expand fastest during the projection period. This growth can be attributed to a huge population of tech-savvy people as well as increased investment in digital schools. Furthermore, several technological companies are offering touch screens in China, giving the local market an active player in the entire market. Due to the rising deployments of these touchscreens in educational institutions, the market in Europe is expected to rise significantly in the coming years.
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Interactive Display Market Drivers
Growing Adoption in Education Sector
Interactive Display Market Restraints
High Initial Investment
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The competitive landscape in the interactive display market is dynamic and diverse, with several key players vying for market share. These players are involved in developing and manufacturing interactive display solutions, including touchscreens, interactive whiteboards, interactive kiosks, and other related technologies. These companies offer a wide range of interactive display solutions and cater to various sectors such as education, healthcare, retail, hospitality, entertainment, and more. They compete based on factors such as product features, performance, pricing, innovation, customer support, and global presence.
Interactive Display Market Top Player’s Company Profiles
Interactive Display Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our interactive display market analysis, the growing demand for virtual classrooms and increasing adoption of interactive displays such as video walls and tables are the key growth drivers. These interactive TV displays and dynamic tables are utilized in transit spaces/public transport, such as train stations and airports. The integration of AR and VR technologies with interactive displays is gaining momentum. Interactive displays equipped with AR/VR capabilities offer immersive and interactive experiences in sectors such as gaming, entertainment, retail, and design. These technologies enable users to visualize and interact with virtual content in real-world environments, enhancing engagement and providing unique experiences.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 43.17 billion |
Market size value in 2031 | USD 96.11 Billion |
Growth Rate | 9.30% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Interactive Display Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Interactive Display Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Interactive Display Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Interactive Display Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45J2131
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