Wireless Display Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2030
According to the most recent analysis by Emergen Research, the size of the worldwide wireless display market reached USD 3.82 billion in 2021 and is projected to grow at a revenue CAGR of 11.0% during the forecast period. Smart TV, smartphones, tablets, laptops, and desktops are widely used, which is boosting market revenue growth. A recent development in the information technology (IT) sector is the integration of conventional digital signage and wireless displays, which is boosting demand for wireless displays. For the benefit of storing and backing up their content and data, businesses and organisations are rapidly implementing cloud-based wireless digital signage display technology, which is supporting the revenue growth of the wireless display market.
Due to cutting-edge technology used in a variety of applications, consumer items like tablets, smartphones, PCs, and smart TVs are used on a large scale, which has raised the market for wireless displays. The growing availability of over-the-top (OTT) based content is the key factor driving the wireless display market for consumer applications. Cost savings, ease of setup, and a reduction in the amount of time needed to set up meeting spaces are some additional important factors that are driving the market for commercial applications of wireless displays. The adoption of wireless display in consumer electronics devices is further accelerated by the 4K technology that enables it and has higher resolution content. One of the factors limiting the demand for wireless displays is the lower cost of USB and HDMI devices used for wired connectivity.
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The remote presentation equipment is the principal gear of the arrangement to make conceivable viable substance move. The A large portion of the sellers are refreshing their equipment arrangement to keep a rivalry in the remote showcase market. By innovation conventions, the market can be bifurcated as Miracast and Wi-Di. As indicated by the end-client, the remote presentation market can be bifurcated as Buyer and Business. In business further can separated into training, corporate and broadcast, medical care, safeguard, public workplaces, and war room, advanced signage, car and transportation, among others. Moreover, the remote showcase market can likewise be isolated into geological areas into North America, Europe, Asia Pacific, Center East and Africa and South America.
Besides, during and after Coronavirus pandemic, video conferencing became significant for some ventures. Remote showcase arrangements not just make the video conferencing remote and somewhat available yet additionally accompanies extra highlights, for example, split-screen that permit clients to part the screen into various parts for numerous reasons. On 20 October 2020 for instance, EZCast sent off QuattroPod USB, which permits up to four individuals to share data from any gadget on the principal show. Likewise, rising patterns, for example, Present to Your-Own-Gadget (BYOD) is supposed to help income development of the market. Remote presentation arrangements are viable with a wide range of cutting edge working frameworks, for example, cell phones, workstations, tablets, and different gadgets, not at all like ordinary showcase arrangements where clients struggled with finding wires, which were viable with their gadget. In any case, accessibility of financially savvy wired substitutes is supposed to control market income development.
Some major companies in the global market report include Google LLC, Amazon.com, Inc., Microsoft Corporation, Roku, Inc., Sony Corporation, LG Electronics, Samsung Electronics Co., Ltd., NVIDIA Corporation, Rockchip Electronics Co., Ltd., Marvell Technology, Inc., Toshiba Corporation, and Panasonic Holding Corporation.
Emergen Research has segmented the global wireless display market on the basis of offering type, application type, technology protocol, and region:
- Offering Type Outlook (Revenue, USD Billion; 2019-2030)
- Brand Product Integrated
- Software & Services
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- Application Type Outlook (Revenue, USD Billion; 2019-2030)
- Corporate & Broadcast
- Digital Signage
- Government (Defense, Command Center, and Public Offices)
- Others (Automotive and Transportation, Industrial, and Hospitality)
- Technology Protocol Outlook (Revenue, USD Billion; 2019-2030)
- Google Cast
- Others (WHDI, WiGig, and UWB)
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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