CHICAGO, April 8, 2021 /PRNewswire/ — According to the new market research report “Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026.
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Major drivers for the growth of the market are surged demand for collaboration displays in educational institutions and corporate offices as well as increase in remote and hybrid work models amid COVID-19. The increased digital transformation throughout the globe and adoption of ever changing technology is also a reason for the increased demand of collaboration display in corporate offices, educational institutions, and government organizations. Moreover, the lower manufacturing cost and labour cost as well as huge untapped market in countries of APAC act as growth opportunities for developers of collaboration display.
The above 65 inch segment, in market by screen size, of the collaboration display market accounted for larger share in 2020
Collaboration displays with screen size above 65 inches have…