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.

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.

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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.

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.

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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.