The collaboration display market 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.
Collaboration display can be used for collaborating, content sharing, brainstorming sessions, etc. It comes with integrated collaboration software, 4K camera and microphone.
The increased digital transformation throughout the globe and adoption of ever-changing technology is also a reason for the increased demand of collaboration displays in corporate offices, educational institutions, and government organizations.
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Market Dynamics:
– Driver: Remote collaboration necessitated by COVID-19 pandemic
– Restraint: Relatively higher cost of collaboration displays compared with traditional whiteboards
– Opportunity: Government funding for installation of interactive displays in educational institutes
– Challenge: Reluctance among professionals to switch from traditional to advanced technologies
Key Players:
Sharp (Japan), ViewSonic (US), Cisco (US), Microsoft (US), Smart Technologies (Canada), Google (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Avocor (US), IBV Solutions (Switzerland), BenQ (Taiwan), Panasonic (Japan), Luidia (US), Qomo (US), Hitachi (Japan), Senses (India), Newline (US), Sony Professionals (UK), Planar (US), InFocus (US), Promethean World (US), Clear Touch (US) and Elo Touch (US).
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