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Display Market to grow at 14% CAGR by 2024|Key Players are ADITECH ICT PVT LTD, Diebold Nixdorf, Epson America, Inc., Fujitsu Global, Hewlett Packard Enterprise, Ingenico Group, NCR Corporation, NEC Corporation, Partner Tech Corp, Samsung Electronics, Tos

10-31-2018 09:49 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc

Display Market to grow at 14% CAGR by 2024|Key Players are ADITECH

South Korea display market is expected to grow significantly over the forecast timespan owing to the increasing number of manufacturers and the ability of these companies to manufacture components at a low cost. The semiconductor and display vendors in the region are rapidly expanding their manufacturing capabilities to cater to the rapidly increasing demand for these components. For instance, Jusung Engineering, a display and semiconductor manufacturing equipment supplier announced that it will invest more than 20% of its annual sales to manufacture new photovoltaic and display equipment products.

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Display Market size is set to exceed over USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. Display market is expected to grow over the forecast time span due to growing adoption of touch-enabled screens in retail applications. The brick-and-mortar retailers are increasingly adopting touch-screen systems to enhance customer interaction to remain competitive in the industry. The touch-enabled kiosks are being adopted to a large extent as these systems allow the customers browse through different product offerings easily. This is encouraging the retailers to increasingly implement these systems, positively impacting the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• ADITECH ICT PVT LTD
• Diebold Nixdorf
• Epson America, Inc.
• Fujitsu Global
• Hewlett Packard Enterprise
• Ingenico Group
• NCR Corporation
• NEC Corporation
• Partner Tech Corp
• Samsung Electronics
• Toshiba

Furthermore, the self-service technology is penetrating at a fast pace and is being adopted by retailers, restaurant owners, and warehouses & distribution centers to enhance the operational efficiency. This is poised to propel the adoption of several types of kiosks such as self-checkout kiosks, ticketing kiosks, and food-ordering kiosks. Self-checkout kiosks were estimated to have shipped over 45 thousand units in 2016. This is projected to fuel the kiosk display market growth over the next few years.

Growing penetration of e-commerce, online payments, and mobile payments is anticipated to bode well for the display market in POS applications. Several economies including China, India, Japan are shifting toward cashless economies. Initiatives such as demonetization and digitization in India have resulted in the large-scale adoption of POS systems, accelerating the industry growth. POS system manufacturers are investing increasingly in providing end-to-end encryption solutions to process payments safely and securely. This is encouraging the end users to use POS systems, which is expected to augment the display market.

Lack of standardization in the manufacture of displays is expected to challenge the industry growth in the next seven years. The offerings by the vendors differ according to the size, resolution, and costs. This refrains the device manufacturers from switching to different screen vendors, making it difficult for the small vendors to expand their reach in the industry. Furthermore, the replacement of these components become difficult and costly due to the lack of standardized products, thus decelerating the display market growth.

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The 10” ATM display market is projected to grow rapidly over the forecast time span due to increasing deployment of multi-function ATMs. The banks and financial service providers are focusing on the deployment of multi-function ATMs to decrease the number of branches and enhance the functionality of the existing ATMs. 17” – 32” kiosk display market is expected to grow significantly owing to the high quality offered by these devices and lower space requirements in small places such as retail stores.

The 1024x768 pixels display market is expected to witness fast growth over the forecast time span owing to the high degree of vision comfort offered by the devices with this resolution. The system operators are exposed to high-brightness screens throughout the day and it becomes very important to ease their vision while operating these systems. 1024x768 pixels resolution provides high clarity and visibility, thus propelling the 1024x768 pixels industry growth.

Browse Full Report: https://www.gminsights.com/industry-analysis/display-market

Key players in the display market include 3M Company, ADITECH ICT PVT LTD, Aplus Display Technology Co., Ltd., Diebold Nixdorf, Displax, S.A., Epson America, Inc., Fametech Inc., Fujitsu Global, Hewlett Packard Enterprise, Ingenico Group, Legacy, Inc., Ls Retail Ehf, NCR Corporation, NEC Corporation, Groupe Nexio, Inc., Partner Tech Corp, Pax Technology, Posiflex Technology, Inc., Samsung Electronics, Toshiba, Triton Systems of Delaware, LLC, Visiontek Products, LLC.

Browse Related Report:
ATM Market Size By Solution (Deployment [Onsite, Offsite, Worksite, Mobile], Managed Services), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.marketwatch.com/press-release/by-2024-atm-market-to-reach-25-billion-2018-09-19

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org

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