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. Asia Pacific (APAC) is the largest market for collaboration display. It is expected to exhibit significant growth 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 behavior 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. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the collaboration display market in the region. China is projected to witness the highest demand for collaboration display in the region.
The major companies in the collaboration display market are Sharp (Japan), ViewSonic (US), Cisco (US), Microsoft (US), Smart Technologies (Canada), Google (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Avocor (US), IBV Solutions (Switzerland), BenQ (Taiwan), Panasonic (Japan), Luidia (US), Qomo (US), Hitachi (Japan), Senses (India), Newline (US), Sony Professionals (UK), Planar (US), InFocus (US), Promethean World (US), Clear Touch (US) and Elo Touch (US).
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Top 2 Players in Collaboration Display Market:
Established in 1962, Sharp Electronics Corporation (SEC) is a wholly-owned US-based subsidiary of Sharp Corporation (Japan). The company's 500,000 square-foot headquarter is located in Montvale, New Jersey, US. Sharp Imaging and Information Company (US) markets Sharp’s business products that can boost productivity and reduce costs. The company is one of the leading manufacturers of collaboration displays, digital multi-function printers, intelligent printing systems, professional displays, digital signage, signage solution software, POS systems, electronic cash registers, accessories, and consumables. Sharp offers a wide variety of products to educational institutions, government agencies, various commercial markets, and healthcare facilities. Collaboration displays provided by the company are certified by Skype for Business and have integrated 4K camera, a microphone, and an IoT sensor hub that works seamlessly with the best Microsoft 365 collaboration tools. These collaboration displays help enhance user experience in a variety of settings and include multiple points of interaction for effortless and smooth collaboration and communication. Additionally, these displays are backed by the cloud to enable the continuous analysis of meeting room usage and conditions as well as to deliver outstanding ease of use. In March 2020, NEC Corporation (Japan) and Sharp Corporation (Japan) agreed to create a joint venture by combining NEC Display Solutions, Ltd. (NDS), a subsidiary of NEC, with Sharp. The Sharp-NEC joint venture will allow both the companies to build upon their strengths and address the visualization needs of their global customers.
Microsoft Corporation licenses, develops, and supports a range of software products, devices, and services. The company's segments include Intelligent Cloud, More Personal Computing, and Productivity and Business Processes. The company's products include desktop and server management tools, video games, cross-device productivity applications, operating systems, software development tools, business solution applications, server applications, and training and certification of computer system integrators and developers. Microsoft also designs, manufactures, and sells devices, including tablets, phones, personal computers (PCs), entertainment and gaming consoles, and other intelligent devices, along with related accessories, that integrate with its cloud-based offerings. The company offers an array of services, including cloud-based solutions that provide customers with services, platforms, content, and software, and it provides solution support and consulting services. Microsoft came up with two variants of collaboration displays. These displays consist of multiple latest features and technologies to help people interact seamlessly throughout the world.
Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography - Global Forecast to 2026
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