The global interactive video wall market size is expected to reach USD 10.23 billion by 2028 according to a new study by Polaris Market Research. The report “Global Interactive Video Wall Market Share, Size & Trends, Industry Analysis Report By Layout (Standard, Custom), By Frame Size (2x2, 3x3, 4x4), By End-Use (BFSI, Retail, IT & Telecommunications, Government & Defense, Media & Entertainment), By Region, And Segment Forecasts, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Interactive video walls are video wall units that have a quality of accepting user input with a stylus instead of peripheral devices like a mouse. This enables easy and reliable human-machine interface. It is available in a standalone touchscreen computer which enables operations and performs a task. Also, it can be a connectable apparatus that is used as a touchpad to monitor a computer from a projector.
Initially, interactive video walls were intended for use in retail and higher education institutions. They are now used in trade shows and exhibits, libraries, restaurants, and the medical and scientific fields. In public safety command centers, these walls are gaining traction. To strengthen their criminal crime response, police departments have begun to use interactive video walls. These walls enable cops to exchange and process data from surveillance cameras, gunshot detection systems, and crime reports.
Demand for minimizing human involvement in manufacturing processes and rapid growth of the internet with the shift towards a customer-centric approach is projected to have a positive impact on the market growth. End-user adoption of these walls has been boosted by factors such as changing customer lifestyles around the world and demand for video walls with higher resolution.
The demand for interactive video walls has been fueled by a growing focus on installing them in healthcare facilities. Hospitals and healthcare providers are continually using these walls to disseminate pertinent knowledge about their services and doctors, thus improving the patient experience.
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The prominent factors favoring the global market growth include higher demand by the physicians for the better health of patients, adoption of the interactive video wall in railways. On the other hand, higher application in the hospitality industry and corporate sector will surge the opportunities which, in turn, will peak the market growth. Some of the major players operating in the market include Panasonic, Horizon Video wall, Samsung, Leyard Optoelectronic, NEC Corporation, LG Video wall, ViewSonic, Crystal Video wall Systems, Elo Touch, and Sharp.
Key players in the global market are focusing their efforts on strategic acquisitions to improve their research and development capabilities, which will help them, provide innovative solutions to users and gain a competitive edge. Companies are concentrating on new product growth, which will help them expand their market presence.
For example, Prestop B.V. declared in August 2019 that it will begin the development of its PCAP video wall with 46" or 55" displays. These screens have pop-out brackets that enable them to be used as a standard video wall. Furthermore, these walls can be constructed up to 20 meters high using PCAP screens.
Polaris Market Research has segmented the interactive video wall market report on the basis of layout, frame size, end-use, and region:
Interactive Video Wall Market, Layout Outlook (Revenue - USD Million, 2016 - 2028)
Interactive Video Wall Market, Frame Size Outlook (Revenue - USD Million, 2016 - 2028)
Interactive Video Wall Market, End User Outlook (Revenue - USD Million, 2016 - 2028)
Interactive Video Wall Market Regional Outlook (Revenue - USD Million, 2016 - 2028)