Collaboration Display Market touched USD 675 million in 2021, and projected to grow USD 1,092 million in 2029, Expanding at a CAGR of 6.2% | Size & Research Report

Collaboration Display Market size was valued USD 675 million in 2021 and is expected to reach USD 1,092 million in 2029 and the market is growing at a CAGR of 6.2% during 2022-2029.

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The factors driving the growth of the Collaboration Display Market includes growing demand for collaboration displays in corporate offices, educational institutions, and government institutions, emerging trend of remote working and improvements in the living standards. According to the report published by Global Workplace Analytics, almost 25-30% of the workforce in the United States is predicted to work one or more days on work from home models, once the pandemic is over, which will accelerate the Collaboration Display Market size in the approaching years. Moreover, increased deployment of advanced interactive display systems in schools and universities, rising use of collaboration display solutions for conducting meetings and presentations and rapid urbanization, are some of the additional factors supplementing the Collaboration Display Market share. In addition, the increasing investments by leading players on research and development, strategic partnerships between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Collaboration Display Market is hindered due to high cost of collaboration displays.

The prominent players operating the market are SMART Technologies ULC, Google LLC, LG Electronics., Sharp Corporation, ViewSonic Corporation., Cisco Systems, Inc., SAMSUNG, Avocor limited, IBV Solutions and Microsoft, among others.

Based on End-Users, the Corporate Offices segment is predicted to grow at a significant CAGR during the forecast period

Collaboration display systems aids in sharing content and screen in real-time to remote attendees, provides mobile connectivity, enables participants to interact and improves productivity, are some of the factors pushing growth of the segment.

Based on Screen Size, the Up to 65 Inches segment is projected to expand at a remarkable CAGR over the forecast period

Collaboration displays sized 65 inches are increasingly used in conference rooms and meeting halls because it allows over 40 people to coordinate simultaneously and enhances coordination, are propelling growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

As per the Collaboration Display Market Research, presence of the leading players such as Collaboration Display Market Research, SAMSUNG, and LG Electronics., increasing number of schools and universities, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

In 2021, SMART Technologies ULC developed SMART Learning Suit Software, to help teachers in navigating the reality of hybrid teaching. It is a new teacher-driven enhancement software and consists of a library of ready-made activities and lessons.
In 2020, Cisco Systems, Inc., completed the acquisition of Dashbase, which will provide customers broader support and more unique data support through the cloud.

Market Segmentation

Segmentation by Offering

Hardware
Software & Services

Segmentation by End-Users

Corporate Offices
Educational Institutions
Government Organizations
Other

Segmentation by Screen Size

Up to 65 Inches
Above 65 Inches

Segmentation by Resolution

4K/UHD
1080p

Segmentation by Application

Large Meeting Rooms
Huddle Rooms
Classrooms
Open Layouts
Offices
Other

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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This release was published on openPR.