As per the estimates of the market research company, PS Intelligence, the market revenue will grow from $9.2 billion in 2018 to more than $16.4 billion by 2024, while the market will exhibit a CAGR of 10.4% from 2019 to 2024. Education, retail, hospitality healthcare, banking, financial services, and insurance (BFSI), transportation, corporate and government, and industrial are the major end users of interactive displays.
Out of these, the usage of interactive displays was found to be the highest in the education sector during the last few years. This was because of the enactment of various government initiatives for promoting smart learning programs. For example, under the Vision 2021 plan, the U.A.E. government is focusing on developing a first-rate education system. As a result, the Ministry of Education (MoE) has launched the ‘Education 2020’ strategy for incorporating digital solutions in the country’s education system.
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Across the globe, the sales of interactive displays will surge sharply in the Asia-Pacific (APAC) region in the forthcoming years. This is credited to the soaring investments being made in the transportation and education sectors in the regional countries such as India, Australia, and China. For example, as per the Ministry of Transport of China, the country made an investment of $72.7 billion (488.9 billion yuan) in various transportation infrastructure projects during the first quarter of 2019.
Hence, it can be safely said that the demand for interactive displays will boom in the upcoming years, primarily because of their ballooning usage in schools, retail stores, and research institutes and the declining prices of display screens across the world.