Video Walls Market by Product (Video Wall Displays, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & billboard), vertical (Retail, Hospitality, Transportation, Healthcare) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Video Walls Market size was estimated at USD 18.2 billion in 2022 and is projected to reach USD 44.2 billion in 2030 at a CAGR of 11.7% during the forecast period 2023-2030.
Video walls are the most widely used digital technology in the transportation sector and have been installed in major hubs of the transportation industry such as airports, train stations and bus terminals. The growing demand for traveler-related digital content and information, enabling interactive displays via video walls, is a large part of transportation media revenue growth. For this reason, we are seeing changes in consumer behavior in terms of customer retention in all modes of transportation, and we are strategically building brands based on the customer's mindset.
The emergence of new technologies such as AI, ML, and big data have created new content delivery methods that contribute to the growth of the video wall market. For example, video walls equipped with his AI capabilities that can instantly display personalized communications are expected to have a significant impact on viewers. All corporate workspaces, control rooms, and public spaces contain vast amounts of data and information that must be conveyed to employees, audiences, or customers in order to capture their attention or provoke a response. I have. Video walls help you share information visually and effectively in real time.
The COVID-19 pandemic has created a boom in virtual worlds, where meetings and conferences are held online for the first time. Video walls in meeting rooms have proven useful when international colleagues need to attend meetings or conferences and cannot travel. Due to the pandemic, many cross-border training programs, concerts and awards are also being held via virtual products, further fueling the growth of the market.
Artificial intelligence, machine learning and big data analytics are examples of emerging opportunities that have enhanced the use of video walls. As a result, the market has grown. For example, news broadcasters use interactive video walls to broadcast news forecasts. With the increasing use of indoor video walls, there is a growing need to display different information to meet different needs such as: B. Arrival and departure of trains, buses and planes at railway stations and airports. Moreover, demand for video walls is expected to increase during the forecast period as shopping malls, auditoriums and other venues are required to display information about various products.
North America to Dominate the Market