The rise in demand for interactive surfaces is predicted to transform the magic wall interactive surfaces market 2030. The information & communication technology industry reports created by Market Research Future, highlights the market options for expansion. The market stands to gain an incremental CAGR of 27.32% in the forecast period.
The developments in tactile technology are estimated to enhance the Magic Wall Interactive Surfaces Market size in the coming period. The surge in the adoption of interactive walls & tables is predicted to benefit the magic wall interactive surfaces market trends in the forecast period. Also, the escalating demand to increase employee productivity and face-to-face collaboration is estimated to improve the magic wall interactive surfaces industry.
Market Scope
The global magic wall interactive surfaces market is estimated to expand at a positive growth rate over the forecast period. Rise of smart technology in gaming devices, adoption of gesture-tracking software, and demand for smart devices can propel the market demand in the coming years. The inclination towards large projection surface and rise of home theaters can be lucrative for the market. Demand for smart whiteboards, touch screen tablets, and interactive boards can drive the growth of the global magic wall interactive surfaces market.
Need for attracting displays for showcasing Ads and attracting clients towards new technologies can be beneficial to the market. Rise of out-of-home advertising and new avenues of digital marketing driven by social media influence will drive its adoption of magic wall surfaces. Constant traffic and better visibility are its prime advantages. Personalized content and satiation of demands with higher efficiency and effectiveness can be used in understanding customer behavior with the assistance of mobile analytics.
The COVID-19 pandemic has negatively impacted the market with lockdowns imposed by countries. This had caused a slowdown of raw materials and affected the production line of major manufacturers. The reopening of countries and measures such as hand sanitizers can bode well for the market and mark its resurgence during the forecast period.
However, exorbitant installation charges and lack of technical expertise can challenge the market growth.
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Segmental Analysis
The segmental evaluation of the magic wall interactive surfaces market is segmented on the basis of application, end-user, components, and region.
- Based on the components, the magic wall interactive surfaces market is divided into hardware and software. The hardware segment is additionally bifurcated into emitting devices, processing units, camera, display, and others.
- The application basis of segmenting the magic wall interactive surfaces market consists of digital signage, home entertainment, advertising, architecture, education, healthcare, corporate, and others.
- The architecture segment is additionally segmented into interior design and event design.
- The end-user segment of the magic wall interactive surfaces market consists of healthcare, analytics, entertainment, and others.
- On the basis of region, the magic wall interactive surfaces market is segmented into Europe, North America, the Asia Pacific, and the rest of the global regions.
Detailed Regional Analysis
The regional evaluation of the magic wall interactive surfaces market includes regions such as Europe, North America, the Asia Pacific and the rest of the global regions. The magic wall interactive surfaces market is anticipated to develop at a momentous rate through the forecast period from 2018 to 2023. The North American region is projected to control the most significant market size due to the vast entertainment industry, the incidence of outstanding players, and the swift adoption of sophisticated technology in the region. The European region holds the next position in the magic wall interactive surfaces market due to the implementation of refined technology by a variety of industry verticals. While the magic wall interactive surfaces market in the Middle East and African region adds to a significantly small market stake as compared to other regions. The development of gesture-based interactive technology is expected to enhance the magic wall interactive surfaces market further.
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Magic Wall Interactive Surfaces Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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