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Collaboration Display Market worth $957 million by 2026 - Exclusive Report by MarketsandMarkets™

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MarketsandMarkets

08 Apr, 2021, 13:30 GMT

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CHICAGO, April 8, 2021 /PRNewswire/ -- According to the new market research report "Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026.

Browse in-depth TOC on "Collaboration Display Market"
158- Tables
63- Figures
210 - Pages

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199923254

Major drivers for the growth of the market are surged demand for collaboration displays in educational institutions and corporate offices as well as increase in remote and hybrid work models amid COVID-19. The increased digital transformation throughout the globe and adoption of ever changing technology is also a reason for the increased demand of collaboration display in corporate offices, educational institutions, and government organizations. Moreover, the lower manufacturing cost and labour cost as well as huge untapped market in countries of APAC act as growth opportunities for developers of collaboration display.

The above 65 inch segment, in market by screen size, of the collaboration display market accounted for larger share in 2020

Collaboration displays with screen size above 65 inches have seen a greater adoption rate. Such displays are mostly preferred in the corporate, government, and education sectors. In the corporate sector, collaboration displays are used in large conference halls, conference rooms, meeting rooms, etc. They come with multiple features such as approximately 40 multi-touch points that allow 40 people to coordinate simultaneously at the same time. They also come with collaboration tools and software that allow people to connect worldwide in real time and share real-time content. The focus of these displays is to bring people together and help them coordinate with each other easily. These displays are available in multiple resolutions, i.e., 1080p, and 4K/UHD.

Among vertical, the corporate offices segment projected to hold the largest share of the collaboration display market during the forecast period.

Collaboration displays offer a tool to improve understanding, collaborate, and increase productivity through effective presentations and meetings in the corporate sector. The use of collaboration displays in this segment has increased over the recent years, as collaboration displays help improve productivity, share real-time contents, and coordinate on a global scale. Some of the most major applications of collaboration displays in the corporate offices include sharing content and screen in real time with remote attendees, mobile connectivity, multi-touch points to allow multiple people to annotate simultaneously. Companies such as Sharp, ViewSonic, Microsoft, Cisco, and Smart Technologies are working on developing more advanced collaboration displays by adding more advanced features and technologies. For example, Sharp recently announced a new series of collaboration displays for the corporate sector, the Aquous Board series that comes with the Sharp pen software, multi-purpose applications, display connect, etc.

Inquiry before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=199923254

The collaboration display market in APAC projected to have highest CARG during the forecast period (2021-2026)

The market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of industries from a product-centric to customer-centric approach due to increasing competition and changing customer behaviour in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models in the region, the collaboration display market is exhibiting an upbeat outlook. The booming corporate and education sectors would further fuel the adoption of collaboration displays in APAC.

APAC, being one of the fastest-growing markets for technology and digital products, provides attractive opportunities for players offering collaboration displays; as a result, many companies are expanding their footprint in this region. China, South Korea, and Japan are among the key digital hubs in APAC that occupy the maximum share of the market of the region. Some of the major companies offering collaboration displays in the APAC region are Sharp, LG Electronics, Samsung Electronics, Senses, Hitachi, Cisco, etc.                                                                                                                                     

Related Reports:

Interactive Display Market with COVID-19 Impact Analysis by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025

OLED Market with COVID-19 Impact Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography - Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/collaboration-display-market.asp 
Content Source: https://www.marketsandmarkets.com/PressReleases/collaboration-display.asp

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