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Collaboration Display Market Outlook- 2030
A collaboration display is a new form of 70" interactive smart display which is used for meetings and teamwork. The collaboration display takes the notion of a whiteboard and transforms itself into a digital format. These displays are capable of combining a variety of digital and analog collaborative tools onto a single platform. Collaboration display is a smart interactive display that allows for more efficient space use and fruitful collaboration in meetings, boardrooms, training rooms, and technical rooms.
A collaboration display contains a built-in microphone, high-quality camera, IoT sensor hub, Microsoft 365 collaboration capabilities, cloud backup, USB connection, and wireless connectivity etc. Increased digital transformation and the use of ever-changing technologies are driving up demand for collaborative displays in business offices, educational institutions, and government organizations.
The global collaboration display market is segmented on the basis of offering, resolution, screen size, application and region. Based on offering, the market is divided into hardware, software, and services. In terms of resolution, the market is categorized into 1080P and 4K/UHD. On the basis of screen size, the market is divided into up to 65 inches, and above 65 inches. On the basis of application, the market is divided into huddle rooms, large meeting rooms, open layouts, classrooms, offices, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global collaboration display industry include ViewSonic, Microsoft, Sharp, Cisco, Smart Technologies, Dongguan Riotouch Technology, Google, Hitachi, Elo Touch, IBV Solutions. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global collaboration display market.
COVID-19 Impact Analysis
The world is in the midst of a major crisis brought on by the COVID-19 pandemic. The pandemic has had a significant impact on numerous sectors, including education, government, and business. Shutdowns and a lack of labor or raw supplies have hindered manufacturing operations.
The outbreak of COVID-19 forced the closure or partial closure of companies, enterprises, and educational institutions throughout the world. Other lockdown measures were implemented as well, including strict social distancing rules, restricted travel, and limited access to public meeting areas, restaurants, theme parks, movie halls, and malls. This has hampered the collaboration display market growth globally.
Top Impacting Factors
Increased digital transformation and the use of ever-changing technologies are driving up demand for collaborative displays in business offices, educational institutions, and government organizations. The high cost of partnership displays is one of the main collaboration display market constraints. In terms of integrated sensors and Internet of Things (IoT) integration, these displays set themselves apart from other display systems.
Traditional whiteboards are simple to use and do not require the use of technology. Collaboration displays, on the other hand, are based on technology and are compatible with a wide range of devices. Professionals must be trained how to use collaborative displays and educated on their features. Many professionals, particularly instructors, are unwilling to spend more time learning about the product. As a result, the collaborative display market share is facing a challenge.
New Product Launches to Flourish the Market
ViewSonic, a U.S. based multinational electronic company, collaborated with Microsoft on the ViewBoard IFP70 series in September 2020. Microsoft Windows Collaboration Display certification has been granted to it. People can communicate more readily after they return to their offices due to the interactive technology, which is expected to provide next-generation collaboration display’s.
In May 2020, Windows released the Surface Hub 2S, an all-in-one digital whiteboard that can be used for meetings, teamwork, and presentation. It comes with a Surface Hub 2 Camera and a Surface Pen. Smart Technologies released SMART Learning Suit Software in February 2021 to assist teachers in navigating the reality of hybrid teaching. It is a brand-new teacher-led improvement programme with a collection of ready-to-use activities and lessons.
Surge in Usage in Educational Sector
Educational institutions such as Alibaba’s distance learning solution, DingTalk, have begun to experiment with digital classroom practices, and classroom design trends are evolving to compensate for traditional teaching techniques' limitations.
Collaboration displays may be used for a variety of purposes, including business. Lessons, instructional games, general technological integration, and ordinary group-based work can all benefit from this technology. Class-wide reading, text display, and interactive collaboration are all possible with collaboration displays. All these factors provide lucrative collaboration display market opportunity globally.
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Questions Answered in Collaboration Display Market Research Report
Key Market Segments
Key Market Players