Interactive Display Market Analysis
Based on application, the market is divided into retail, hospitality, healthcare, transportation, BFSI, corporate, entertainment. The retail segment dominated the global market with a share of over 22.5% in 2023.
- The retail segment is expected to offer strong growth opportunities for all market players, supported by an increasing number of commercial spaces, such as shopping complexes and malls, across the globe. At retail stores, interactive video walls allow users to verify the availability of stock at a specific location and browse through the store’s inventory. Other than retail, these walls also offer an improved museum experience by covering numerous walls of a museum room with several video wall screens. This helps the conversion of museum rooms into immersive virtual spaces, thereby enhancing the viewer’s experience.
- Interactive displays allow retailers to create immersive and engaging experiences for customers. Touchscreens, virtual mirrors, and interactive kiosks can provide shoppers with a more interactive and enjoyable shopping journey, increasing customer engagement and satisfaction.
Based on technology, the market is divided into interactive kiosk, interactive video wall, interactive table, and interactive monitor. The interactive table segment is expected to register a CAGR of over 10.5% during the forecast period.
- In educational settings, interactive tables facilitate cooperative learning by enabling numerous users to participate at once. Students collaborate on interactive assignments that promote active engagement and teamwork. The whole learning experience is improved by this experiential method, which fosters a more inclusive and engaging learning environment.
- Interactive tables improve customer engagement in retail and hospitality by providing immersive content experiences, virtual try-on chances, and interactive product details. Through interactive exploration and creative digital engagement, these tables offer a dynamic and personalized environment that improves customer encounters and influences purchase decisions.
North America dominated the global market in 2023, accounting for a share of over 35%. Because of the strong retail industry, growing customer demand for immersive experiences, and increased technology usage, North America's interactive display industry is expected to grow. Interactive displays are being used by businesses for creative marketing tactics, tailored content distribution, and consumer interaction. Furthermore, the North American interactive display market is growing due to the region's strong focus on technical breakthroughs and growing investments in smart infrastructure.