At 3.5% CAGR, South & Central America Interactive Display Market is Projected to be Worth US$ 886.59 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America interactive display market was valued at US$ 673.85 million in 2023 and is expected to reach US$ 886.59 million by 2031, registering a CAGR of 3.5% from 2023 to 2031. Increasing adoption of touchscreen tables and increasing need for effective collaboration are among the critical factors attributed to drive the South & Central America interactive display market growth.

The use of touchscreen tables is one creative application of touchscreen technology that is being used in a variety of industries. These dynamic tables transform how individuals interact with information, collaborate, and learn in several ways. The potential of touchscreen tables to promote collaborative work is one of their main benefits. Multiple users can interact with the table simultaneously, creating a more interesting and participative experience. Touch screen tables can be used in business meetings, classrooms, or creative brainstorming sessions to promote collaboration and the smooth interchange of ideas. In addition, these tables are incredibly flexible and may be tailored to fit needs. These tables can be further customized to match the needs of different industries, whether they are utilized for interactive product displays in retail stores, interactive exhibits in museums, or data visualization in business environments. Moreover, touchscreen tables provide a new level of gaming and interactive entertainment experiences to the users. These tables offer a distinctive and captivating platform for multiplayer games and interactive entertainment, whether they are utilized in public areas, lodging facilities, or gaming lounges. Also, tactile feedback from the touchscreen improves the whole gaming experience.

On the contrary, high initial and maintenance cost hampers the growth of South & Central America interactive display market.

Based on product, the South & Central America interactive display market is segmented into interactive kiosks, interactive whiteboards, interactive tables, interactive video walls, and interactive monitors. The interactive kiosks segment held 39.9% share of South & Central America interactive display market share in 2023, amassing US$ 268.82 million. It is projected to garner US$ 364.64 million by 2031 to register 3.9% CAGR during 2023-2031.

In terms of panel size, the South & Central America interactive display market is segmented into 17-32 inches, 32-65 inches, and above 65 inches. The above 65 inches segment held 52.9% share of South & Central America interactive display market in 2023, amassing US$ 356.16 million. It is anticipated to garner US$ 485.64 million by 2031 to expand at 4.0% CAGR during 2023-2031.

By panel type, the South & Central America interactive display market is divided into flat, flexible, and transparent. The flat segment held 43.2% share of South & Central America interactive display market in 2023, amassing US$ 291.03 million. It is projected to garner US$ 393.85 million by 2031 to expand at 3.9% CAGR from 2023 to 2031.

Based on industry vertical, the South & Central America interactive display market is categorized into retail & hospitality, healthcare, BFSI, education, entertainment, and others. The education segment held 30.9% share of South & Central America interactive display market in 2023, amassing US$ 208.45 million. It is predicted to garner US$ 299.25 million by 2031 to expand at 4.6% CAGR between 2023 and 2031.

Based on country, the South & Central America interactive display market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 65.0% share of South & Central America interactive display market in 2023. It was assessed at US$ 437.93 million in 2023 and is likely to hit US$ 598.93 million by 2031, registering a CAGR of 4.0% during 2023-2031.

Key players operating in the South & Central America interactive display market are Samsung Electronics Co Ltd, PROMETHEAN LIMITED, LG Electronics Inc, BOE Technology Group Co Ltd, Panasonic Holdings Corp, Sharp Electronics Corp, Hitachi Ltd, BenQ Corporation, and ViewSonic Corporation, among others.

• In September-2023, BenQ Corporation has announced its next generation of interactive displays, the BenQ Board Pro RP04 and the BenQ Board Master RM04, now offer full support for Google Mobile Services (GMS) and are officially certified by the Google Enterprise Devices Licensing Agreement (EDLA). GMS is Google's collection of applications and APIs.
  
  
• In September-2023, BenQ Corporation collaborated with the Indian Education Foundation, Ranjitsinh Disale, to strengthen its objective of "Promoting education through technology adoption and enhancing learning experiences for students" in marginalized regions. Through this collaboration, BenQ has installed Interactive Displays in 20 Zila Parishad schools in the district of Solapur in Maharashtra. The BenQ Boards will be used by students and teachers in these schools to access digital content, collaborate on projects, and learn in new and innovative ways.
  
  
• In May-2021, BenQ Corporation announced that the BenQ DuoBoard became the first large format interactive display to achieve the VMware Ready for End-User Computing certification, VMware's highest level of endorsement. BenQ DuoBoard's VMware Ready certification provides a long-term commitment from both VMware and BenQ. Customers can rely on VMware Ready solutions to reliably interoperate with VMware environments and deliver unique features with significant value. BenQ DuoBoard's VMware Ready certification provides a long-term commitment from both VMware and BenQ. Customers can rely on VMware Ready solutions to reliably interoperate with VMware environments and deliver unique features with significant value.

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