The most recent study conducted by Report Ocean, titled “Global Interactive Video Wall Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Interactive Video Wall. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Interactive Video Wall Market is valued approximately USD 4.92 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.10 % over the forecast period 2020-2027. Interactive Video Wall is a set up that has multiple screens , monitors, projectors it is a powerful display that gives user an option to interact with the walls visually. Also, the Interactive Video Wall is used in museums, Corporate sectors, Retail Stores, Education, Restaurants, Cafe and more. The increasing demand for interactive video walls in corporate sectors, Healthcare sectors, Malls, Public Places, Stadiums and video games has led the adoption of Interactive Video Wall across the forecast period. For Instance: as per World Economic Forum In 2020, the global video game market generated revenue worth $159 billion, nearly four times the box office ($43 billion in 2019) and nearly three times the music industry ($57 billion in 2019).
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Asia-Pacific is the most lucrative region in terms of sales, accounting for almost half of the total value of the games market. North America contributes a fifth of overall sales. However, high costs of these products, limited use of interactive walls in outdoor purposes impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing crimes this screen are used to identify the criminal in a more efficient way in police department & demand for Interactive Video Wall in medical sectors and Research Centers is likely to increase the market growth during the forecast period.
The regional analysis of global Interactive Video Wall market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the increasing demand for interactive walls in healthcare, entertainment and gaming sectors. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, advancement of criminal identification techniques and improving healthcare infrastructure would create lucrative growth prospects for the Interactive Video Wall market across Asia-Pacific region.
Major market player included in this report are:
Christie Digital System Inc
Eyefactive GmbH
IDEUM
Intermedia Touch
Leyard
MultiTaction
Panasonic Corporation
Planar Systems, Inc
Prestop B.V.
Pro Display
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Layout
Standard Layout
Custom Layout
By Display
LCD
LED
Others
By End User
Retail
Corporate
Transportation
Healthcare
Hospitality
Museum
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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