Collaboration displays can be used to facilitate collaboration in a centralized location such as company headquarters. Remote participants can then join the collaboration using collaboration tools and software. This type of remote collaboration has the same purpose as video conferencing, but with additional features offered by both the collaboration display and the software used. The software or tools allow people to work together in the same visual space, even over long distances. In addition, organizations have begun to realize the benefits of using affordable video conferencing solutions that facilitate the widespread adoption of collaborative software.
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COLLABORATION DISPLAY MARKET DYNAMICS
The global collaborative display market continues to expand rapidly as the demand for collaborative displays in educational institutions and corporate offices increases and as the number of distance and hybrid work models grows in the COVID-19 environment. Also, the growing digital transformation around the world and the adoption of ever-changing technologies are also driving the growing demand for collaborative displays in government organizations, corporate offices, and educational institutions.
COVID 19 IMPACT ON COLLABORATION DISPLAY MARKET
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. The pandemic has severely affected various verticals such as education, government, corporations, etc. Manufacturing enterprises are hampered by stoppages and availability of labor or raw materials. The outbreak of the COVID-19 pandemic has led to the closure or partial shutdown of factories, businesses and institutions around the world. Limited consumer and corporate spending, along with isolation measures complemented by supply chain disruption, have impacted the growth of the collaboration display market.
COLLABORATION DISPLAY MARKET SEGMENTAL OVERVIEW
The report analyses the collaboration display market based on component, screen size, resolution, end user, application, and geography.
COLLABORATION DISPLAY MARKET BY COMPONENT
By component, the global collaboration display market is segmented into hardware, software and services.
COLLABORATION DISPLAY BY SCREEN SIZE
By screen size, the global collaboration display market is segmented into up to 65 inches and above 65 inches. Above 65 inches is expected to hold the largest market share in the forecast period. Above 65 inches Collaboration displays have a higher adoption rate. These displays are primarily preferred in the corporate, government and education sectors. In the corporate sector, collaboration displays are used in large conference rooms, conference halls, meeting rooms, etc.
COLLABORATION DISPLAY MARKET BY RESOLUTION
The global collaboration display by resolution is classified into 4k/UHD and 1080p.
COLLABORATION DISPLAY MARKET BY END USER
The global collaboration display by end user is classified into corporate offices, educational institutions, government organizations, and others. Among these, corporate offices segment hold the largest market share in the forecast period. Collaborative displays provide a tool to increase understanding, collaboration and increase productivity through effective presentations and meetings in the corporate sector.
COLLABORATION DISPLAY MARKET BY APPLICATION
The global collaboration display by application is classified into large meeting rooms, huddle rooms, classrooms, open layouts, offices, and others.
COLLABORATION DISPLAY MARKET BY GEOGRAPHY
Geographically, the collaboration display market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. The Asia Pacific collaboration display market is expected to grow at the fastest growth rate in the forecast period due to the rapid shift of industries from a product-oriented to a customer-centric approach due to increased competition and changing customer behavior in promising markets such as China, Japan, South Korea and Australia. With technological advances and new business models emerging in the region, the collaborative display market has optimistic prospects.
COLLABORATION DISPLAY KEY PLAYERS
Some of the major players operating in this market include Cisco (US), Clear Touch (US), Microsoft (US), Smart Technologies (Canada), Google (US), Promethean World (US), LG Electronics (South Korea), Avocor (US), IBV Solutions (Switzerland), BenQ (Taiwan), Samsung Electronics (South Korea), Panasonic (Japan), Luidia (US), Qomo (US), Hitachi (Japan), Senses (India), Newline (US), Sony Professionals (UK), Planar (US), and InFocus (US).
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