COVID-19 Impact Analysis on Interactive Display Market | Insights on Strategies of Key Players


Posted August 28, 2020 by devanshuraizada

The global interactive display market reached a value of $9.2 billion in 2018, and it is predicted to generate revenue of over $16.4 billion in 2024, progressing at a 10.4% CAGR during the forecast period
 
With the use of an interactive display in classrooms, students are able to get a hands-on experience of the digital technology, which further readies them for the workplace, where they eventually have to tackle such things. In addition to this, with the aid of the digital education technology, students get the freedom of learning at their own pace, interacting with each other, and fetching maximum results, thanks to the gamification of lessons.

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These displays further save the time and energy of teachers, as they are able to shuffle between topics and subjects. Ascribed to all these advantages, the adoption of interactive displays in the education sector is increasing rapidly. As a result, the global interactive display market reached a value of $9.2 billion in 2018, and it is predicted to generate revenue of over $16.4 billion in 2024, progressing at a 10.4% CAGR during the forecast period (2019–2024), says a recent P&S Intelligence report.

Interactive displays are based on two technologies, namely light-emitting diode (LED) and liquid crystal display (LCD). In 2018, LCD interactive displays were more in demand, owing to their wide usage in educational institutes in countries such as China, the U.S., the U.K., Germany, and the U.A.E. Other than the education sector, interactive displays are also used in the industrial, retail, banking, financial services, & insurance (BFSI), transportation, corporate & government, and healthcare & hospitality sectors.

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LCD as well as LED interactive displays come in the form of monitors, kiosks, tables, flat panels, video walls, and whiteboards. Out of these, interactive kiosks were the most in demand the past, because of the rising requirement for self-service terminals, expansion of the retail industry, and customer convenience. Making use of these kiosks allows customers to save time and avoid queues, particularly at service-intensive places, such as malls, when it comes to bill payments, and in banks, while making deposits and withdrawals.
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Issued By Devanshu
Country United States
Categories Business
Last Updated August 28, 2020