May 03, 2021
According the business intelligence report titled ‘Global Interactive Video Wall Market Size study, by Layout (Standard Layout, Custom Layout), Display (LCD, LED, Others), End User(Retail, Corporate, Transportation, Healthcare, Hospitality, Museum, Others ) and Regional Forecasts 2020-2027’, available with Market Study Report, global interactive video wall market was evaluated at USD 4.92 billion in 2019 and is speculated to reach USD 10.62 billion by 2027, growing at a yearly rate of 10.1% between 2020-2027.
Surging demand of product in healthcare sector, corporate domain, malls, stadiums, and public places has boosted the global interactive video wall market growth. Moreover, interactive video wall is employed to play video games, identify criminals efficiently, and has high demand across medical sector and research centers, which is facilitating the industry expansion.
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According to the World Economic Forum, global video game industry was valued at USD 159 billion in 2020, which is four times higher than the box office evaluation of USD 43 billion in 2019 and nearly three times the music industry which was worth USD 57 billion in 2019.
For the unversed, interactive video wall refers to a power display which has various monitors, projectors, and screens, enabling users to interact with walls visually.
While above-mentioned factors proliferate the industry, limited use of the product for outdoor activities and its high cost with hamper the expansion of global interactive video wall market over the analysis period.
Based on layout, the industry is segmented into standard layout and custom layout. Speaking of display, the business sphere is bifurcated into LED, LCD, and others. Moving on to end user spectrum, global interactive video wall industry is segregated into retail, corporate, healthcare, museum, hospitality, transportation, and others.
From the regional frame of reference, Europe captured majority of the global interactive video wall market share in the recent past, due to rising demand in gaming, healthcare, and entertainment sectors. Meanwhile, Asia Pacific market is predicted to expand lucratively through 2027, owing to usage of modern criminal identification methods, growing disposable income, and enhancing healthcare infrastructure.
Key companies influencing global interactive video wall market dynamics are Panasonic Corporation, Leyard Optoelectronic, Ideum Inc, Planar Systems Inc., Christie Digital Systems Inc., Intermedia Touch Inc., Prestop B.V., MultiTaction, Eyefactive GmbH, and Pro Display.