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How are Advancements in Education Sector Driving a Boost in Interactive Display Market?

05-26-2020 09:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

How are Advancements in Education Sector Driving a Boost

The global interactive display market reached a value of $9.2 billion in 2018, and it is predicted to generate revenue of over $16.4 billion in 2024, progressing at a 10.4% CAGR during the forecast period (2019-2024), says a recent P&S Intelligence report. Interactive displays are based on two technologies, namely light-emitting diode (LED) and liquid crystal display (LCD).

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In 2018, LCD interactive displays were more in demand, owing to their wide usage in educational institutes in countries such as China, the U.S., the U.K., Germany, and the U.A.E.

Other than the education sector, interactive displays are also used in the industrial, retail, banking, financial services, & insurance (BFSI), transportation, corporate & government, and healthcare & hospitality sectors. LCD as well as LED interactive displays come in the form of monitors, kiosks, tables, flat panels, video walls, and whiteboards.

Out of these, interactive kiosks were the most in demand the past, because of the rising requirement for self-service terminals, expansion of the retail industry, and customer convenience. Making use of these kiosks allows customers to save time and avoid queues, particularly at service-intensive places, such as malls, when it comes to bill payments, and in banks, while making deposits and withdrawals.

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Hence, the need for a better learning experience in classrooms as well as more-efficient transportation operations is driving the requirement for interactive displays.

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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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