Press release
Rising Adoption of Interactive Display Driving the Rapid Growth of Interactive Display Market Globally
Because of these aspects, the demand for interactive display, which is an electronic display that allows the user to control the screen data through digital touchscreen interactions utilizing as stylus pen or their fingertips, is rising in the education sector.
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Governments of different countries are also becoming more inclined toward improving their educational system by implementing new technologies; this is further driving the requirement for interactive display.
As per a study conducted by P&S Intelligence, the global interactive display market generated a revenue of $9.2 billion and is expected to attain a value of $16.4 billion in 2024, registering a 10.4% CAGR during the forecast period (2019-2024).
The two types of technologies on which interactive displays are based are light-emitting diode (LED) and liquid crystal display (LCD). During 2014-2018, the larger demand was created for LCD interactive displays and the situation is projected to remain the same in the coming years as well.
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Different product types of interactive display include interactive whiteboard, interactive flat panel, interactive monitor, interactive table, interactive video wall, and interactive kiosk.
The largest demand during 2014-2018 was created for interactive kiosk and the situation is predicted to be the same during the forecast period as well. The reason for this is the rising requirement for customer service and self-service terminals and the growth of the retail industry.
The fastest growth in demand is expected to be created for interactive flat panel during the forecast period due to its rising requirement in the education sector, primarily in countries including Turkey, the U.S., and China.
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When end user is taken into consideration, the interactive display market is categorized into industrial, corporate & government, education, retail, banking, financial services, & insurance (BFSI), hospitality & healthcare, transportation, and others (which include military & defense, sports, and leisure).
The fastest growth in demand for interactive displays is predicted to be created by the hospitality & healthcare sector in the coming years.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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