According to a new market research report "Video Wall Market by Product (Video Wall Displays, Housing, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & Billboard), Vertical (Retail, Hospitality, Transportation, Healthcare) & Geography - Forecast to 2020", the total market size is expected to reach $17,956.26 Million by 2020, at a CAGR of 23.44% for 2014-2020.
According to a new market research report "Video Wall Market by Product (Video Wall Displays, Housing, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & Billboard), Vertical (Retail, Hospitality, Transportation, Healthcare) & Geography - Forecast to 2020", the total market size is expected to reach $17,956.26 Million by 2020, at a CAGR of 23.44% for 2014-2020.
The video wall offers various advanced features such as flexibility, high performance, and ease of maintenance, due to which various companies manufacture it and add it in their product portfolios. The demand for the video wall is growing due to its 24/7 reliability and versatility among the products.
Various applications, such as the indoor, outdoor, menu board, and bill board video wall advertisements, are showing an impressive growth in the video wall market. Currently, the outdoor and indoor advertisements hold the largest share in the North American market, which shows that they have a great potential to increase over a period of time.
The report describes the market trends, drivers, and challenges with respect to the global Video Wall Market, and forecasts the market from 2014 to 2020 on the basis of the verticals, applications, and geography. It gives a detailed view of the market across geographies, namely Americas, Europe, Asia-Pacific, and RoW. North America dominates the market in terms of the market size; however, APAC has been growing at the highest CAGR in the video wall market. The growing demand for the advanced display technologies and the rising implementation of video walls in the government and educational applications are motivating companies to launch video wall display products in this region.
The competitive landscape of the Video Wall Market shows that the market is witnessing new product launches, large scale collaborations, and agreements & partnerships across the value chain, with a number of tier-one players around the globe.