US$ 1250 Mn Opportunity in Asia Pacific’s Video Walls Market has Manufacturers Scrambling to Get a Bigger Pie

VALLEY COTTAGE, NY--(Korea Newswire)--Video walls offer numerous benefits compared to traditional large screen displays, which have sought extensive adoption in applications such as stadiums, and digital signage. However, uniform brightness and higher pixel density offered by video walls for every picture have resulted into an increased inclination of preference toward video walls.

Upward Trend of Digital Signage to Rub Off on Demand for Video Walls

Remarkable changes have been witness in the way of advertising products or broadcasting governmental information over the past couple of years. These changing trends have led the emergence of digital signage, which is witnessing immense penetration. According to a recent report on the global video walls market (http://bit.ly/2I7UIx6) published by Future Market Insights (FMI), revenues from digital signage are set to increase rapidly in the near future. Rising penetration of digital signage is expected to rub off on demand for video walls significantly.

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The report foresees the global market for video walls to reflect a spectacular rise through the forecast period, 2017 to 2027. Worldwide sales of video walls are expected to close in on approximately US$ 14,000 Mn by 2027-end.

APAC to Remain Lucrative for Video Walls Sales

Asia-Pacific (APAC) will continue to be a lucrative market for video walls, and the region is envisaged to record an incremental opportunity of approximately US$ 1,250 Mn from 2017 to 2027. Soaring demand for video walls in APAC can be primarily attributed to increasing inclination of consumers toward restaurants & hotels for leisure, and growth of the hospitality industry wherein video walls are leveraged for gaining consumer attraction to enhance the overall ambience.

Video walls market in Japan will increase at an impressive rate on account of growing strategic collaborations among leading players in the region. For example, NEC display solutions partnered with Hiperwall, Inc. in 2017 to develop large video walls for controlling rooms, and other applications such as corporate network operation centers, and security operations.

Preview Analysis on Video Walls Market Segmentation By Component- Hardware, Software, Services; Display Technology- LED, LCD, Others (LPD, DLP); Industry- Government & Public, Retail & Consumer Goods, Travel & Hospitality, Education, Healthcare, Media & Entertainment, Others: https://www.futuremarketinsights.com/reports/video-walls-market

China’s vide walls market is projected to exhibit a staggering 18.8% CAGR through 2027. Demand for video walls in China is mainly driven by government usage, such as advertisement hoardings at various public places as well as digital signage. Video walls Market in ASEAN is foreseen to reflect 2.6X sales growth during 2017 to 2027. In addition, the market for video walls in Korea will also witness a robust expansion in light of the presence of leading display manufacturers such as LG Electronics and Samsung Electronics Co., Ltd.

Incorporation of IT Technologies fuelling Video Walls Sales

Continuous advancements in technologies have resulted into development of video walls that provide enhanced flexibility and performance. Additionally, development of new technologies pertaining to video walls is attracting consumers in purchasing them, thereby paving opportunities for revenue generation in the market. For example, recent development of the touchscreen video walls, which offers high user-friendliness, has been gaining immense traction among consumers.

Integration of IT technologies that include internet of things (IoT) and big data analytics in video walls for making advancements in software and enhancing the product capabilities is further rubbing off on their demand worldwide. Continuous advancements in technologies coupled with integration of IT in video walls is expected to create lucrative avenues for the global video walls market in the upcoming years.

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This is a news release distributed by Korea Newswire on behalf of this company.