Collaboration Display Market

Collaboration Display Market was valued at USD 717 million in 2022 and is forecast to touch USD 1,160 million in 2030, and the market is expected to grow at a CAGR of 6.2% from 2023-2030

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Major Collaboration Display Market Drivers

The factors driving the global Collaboration Display market growth include the surge in demand for collaboration displays in educational institutes and corporate offices, as well as an increase in remote and hybrid work models amid the novel Coronavirus outbreak. The increased digital revolution throughout the globe and the adoption of ever-changing technology is also a reason for the increased demand for collaboration displays in corporate offices, educational institutions, and government organizations. The global spread of COVID-19 has affected business operations all over the globe. At the same time, the remote working model has emerged as a key trend for companies worldwide. These displays provide a platform where people from different places can connect, share and discuss work. By using these displays, teams located all around the globe can collaborate on projects. Remote collaboration is a perfect solution to limitations imposed by distance. It facilitates collaboration from centralized locations, such as the headquarters of a company. Moreover, it is similar to video conferencing but with the added functionalities, such as simultaneous real-time annotation by multiple users to have brainstorming sessions, content sharing and discussion in real-time, as well as data offered by different types of sensors.

Impact of COVID-19 on Collaboration Display market

The world is facing an economic breakdown caused by the COVID-19 pandemic. It has severely affected various sectors such as education, government, corporate, etc. Manufacturing industries are hampered due to shutdowns and the unavailability of labor and raw materials. The outbreak of the novel Coronavirus led to the total or partial shutdown of companies, businesses and institutes all over the globe. Moreover, most of the industries globally observed interruption in supply chain and logistics services. The limited consumer and corporate spending, along with lockdown measures supplemented by supply chain disruption, affected the growth of the collaboration display market.  Additionally, consumers also stopped focusing on these markets and were diverted to other important parameters such as health, work-from-home facilities, the well-being of employees, etc. All these factors were responsible for pulling back the demand for collaboration display in the first half of 2020.

Restraint in the Collaboration Display market

However, the high cost of these displays is one of the major restraining factors for the growth of the Collaboration Display Market. In addition to the product cost, costs of accessories, connecting devices, and installation are also involved, which makes it difficult for small institutions and schools to install it, thereby hindering the market growth.

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End-Users – Segment Analysis

Based on the End-Users, Corporate Offices is expected to grow at a higher CAGR during the forecast period. These displays provide a tool to enhance understanding, collaborate, and increase productivity through effective presentations and meetings in the corporate sector. The use of collaboration displays in this segment has risen over the recent years, as it helps to improve productivity, share real-time content, and coordinate on a global scale. Companies like Sharp, ViewSonic, Microsoft, Cisco, and Smart Technologies are working on developing more advanced collaboration displays by adding more efficient features and technologies. For instance, Sharp recently originated a new series of displays for the corporate sector, the Aquous Board series that comes with the Sharp pen software, multi-purpose applications, etc.

Screen Size – Segment Analysis

Based on the Screen Size, the Above 65 inch segment is expected to grow at a higher CAGR during the forecast period. These displays are primarily used in the corporate, government, and education sectors. In the corporate sector, it is used in large meeting halls and conference rooms. They come with numerous features such as approximately 40 multi-touch points that allow 40 users to coordinate simultaneously at the same time. They also offer collaboration tools and software that allow users to connect across the globe in real-time and share real-time content. The main focus of these displays is to bring people together and help them connect with each other easily.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. This can be attributed owing to the rapidly changing face of industries from a product-centric to a customer-centric approach due to rising competition and changing customer behavior in high-potential markets such as China, Japan, South Korea, and Australia. The advancements in technological fields and the emergence of new business models in the region are influencing the growth of the market considerably. The propelling corporate and education sectors would further fuel the adoption of collaboration displays in Asia-Pacific. APAC, being one of the fastest-growing markets for technology and digital products, provides tremendous growth opportunities for companies offering collaboration displays; as a result, many of them are expanding their footprint in this region. China, South Korea, and Japan are among the key digital hubs in Asia-Pacific that occupy the maximum collaboration display market share of the region.

Top Market Players

Various notable players operating in the market include Sharp Corporation, ViewSonic Corporation., Cisco Systems, Inc., Microsoft, SMART Technologies ULC, Google LLC, LG Electronics., SAMSUNG, Avocor limited, IBV Solutions., among others. 

Key Developments:

• • In 2021, SMART Technologies ULC announces a new software SMART Learning Suit Software, to aid teachers in navigating the reality of hybrid teaching. It is a new teacher-driven enhancement software and consists of a library of ready-made activities and lessons.
  • In 2020, Cisco Systems, Inc. acquired Dashbase, which will provide customers broader support and more unique data support through the cloud. With its event log and analytics technology, Cisco can upgrade its products with the latest features.
  • In 2020, ViewSonic Corporation. collaborates with Microsoft for the ViewBoard IFP70 series. It has been certified by Microsoft Windows Collaboration Display certification. The interactive technology will help people once they return to offices by delivering next-generation collaboration displays to communicate easily.

Segments covered in the Report:

The global Collaboration Display market has been segmented on the basis of Offering, End-Users, Screen Size, Resolution, Application and regions. Based on Offering, the market is segmented into Hardware and Software & Services. Based on End-Users, the market is segmented into Corporate Offices, Educational Institutions, Government Organizations and Other. Based on Screen Size, the market is segmented into Up to 65 Inches and Above 65 Inches. Based on Resolution, the market is segmented into 4K/UHD and 1080p. Based on Application, the market is segmented into Large Meeting Rooms, Huddle Rooms, Classrooms, Open Layouts, Offices and Other. 

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Report Coverage	Details
Market Revenues (2022)	USD 717 million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By End-Users, By Screen Size, By Resolution, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sharp Corporation, ViewSonic Corporation., Cisco Systems, Inc., Microsoft, SMART Technologies ULC, Google LLC, LG Electronics., SAMSUNG, Avocor limited, IBV Solutions., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Collaboration Display market by Offering

• • Hardware
  • Software & Services

Global Collaboration Display market by End-Users

• • Corporate Offices
  • Educational Institutions
  • Government Organizations
  • Other

Global Collaboration Display market by Screen Size

• • Up to 65 Inches
  • Above 65 Inches

Global Collaboration Display market by Resolution

• • 4K/UHD
  • 1080p

Global Collaboration Display market by Application

• • Large Meeting Rooms
  • Huddle Rooms
  • Classrooms
  • Open Layouts
  • Offices
  • Other

Global Collaboration Display market by Region

• • North America Collaboration Display market (Option 1: As a part of the free 25% customization)

    • By Offering
    • By End-Users
    • By Screen Size
    • By Resolution
    • By Application
    • US market All-Up
    • Canada market All-Up

  • Europe Collaboration Display market (Option 2: As a part of the free 25% customization)

    • By Offering
    • By End-Users
    • By Screen Size
    • By Resolution
    • By Application
    • UK market All-Up
    • Germany market All-Up
    • France market All-Up
    • Spain market All-Up
    • Rest of Europe market All-Up

  • Asia-Pacific Collaboration Display market (Option 3: As a part of the free 25% customization)

    • By Offering
    • By End-Users
    • By Screen Size
    • By Resolution
    • By Application
    • China market All-Up
    • India market All-Up
    • Japan market All-Up
    • Rest of APAC market All-Up

  • RoW Collaboration Display market (Option 4: As a part of the free 25% customization)

    • By Offering
    • By End-Users
    • By Screen Size
    • By Resolution
    • By Application
    • Brazil market All-Up
    • South Africa market All-Up
    • Saudi Arabia market All-Up
    • UAE market All-Up
    • Rest of world (remaining countries of the LAMEA region) market All-Up

Major Players Operating in the Collaboration Display Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sharp Corporation
  • ViewSonic Corporation.
  • Cisco Systems, Inc.
  • Microsoft
  • SMART Technologies ULC
  • Google LLC
  • LG Electronics.
  • SAMSUNG
  • Avocor limited
  • IBV Solutions.