According to a new market research report “Video Wall Market by Product (Video Wall Displays, Housing, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & Billboard), Vertical (Retail, Hospitality, Transportation, Healthcare) & Geography - Forecast to 2020” the total market size is expected to reach $17,956.26 million by 2020, at a CAGR of 23.44% from 2014 to 2020.
Browse 74 market data tables and 102 figures spread through 179 pages and in-depth TOC on “Video Wall Market - Forecast to 2020"
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The video wall offers various advanced features such as flexibility, high performance, and ease of maintenance, due to which various companies manufacture it and add it in their product portfolios. The demand for the video wall is growing due to its 24/7 reliability and versatility among the products.
As far as the strategic focus areas for key players are considered, the most important area to focus on would be technology innovations and new product developments rather than the existing product developments. This is because striving for product differentiation would boost a player ahead in the competition in the current scenario. The key to survival in the video wall ecosystem is to focus on the industry relations with the OEM giants, pure technology solution providers, and software providers; whereas, relations with the government or private legislative & regulatory bodies are a must in the display industry.
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Various applications, such as the indoor, outdoor, menu board, and bill board video wall advertisements, are showing an impressive growth in the video wall market. Currently, the outdoor and indoor advertisements hold the largest share in the North American market, which shows that they have a great potential to increase over a period of time
The report describes the market trends, drivers, and challenges with respect to the global video wall market, and forecasts the market from 2014 to 2020 on the basis of the verticals, applications, and geography. It gives a detailed view of the market across geographies, namely Americas, Europe, Asia-Pacific, and RoW. North America dominates the market in terms of the market size; however, APAC has been growing at the highest CAGR in the video wall market. The growing demand for the advanced display technologies and the rising implementation of video walls in the government and educational applications are motivating companies to launch video wall display products in this region.
The competitive landscape of the market shows that the market is witnessing new product launches, large scale collaborations, and agreements & partnerships across the value chain, with a number of tier-one players around the globe.
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Some of the major players included in this market are Adflow Networks (Canada), AU Optronics Corp (Taiwan), Philips N.V. (The Netherlands), LG Display Co. Ltd. (South Korea), Navori SA (Switzerland), NEC Display Solutions (U.S.), Omnivex Corporation (Canada), Panasonic Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), and Sony Corporation (Japan).
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