San Francisco, 18 March,
Wireless Display Market Size, Share
& Trends Analysis Report By Technology (AirPlay, Miracast, Google Cast), By
Offering (Hardware, Software & Services), By End Use, And Segment
Forecasts, 2019 - 2025
The global wireless display market is expected to reach USD 6.3
billion by 2025, according to a new report by Grand View Research, Inc.,
progressing at a CAGR of 11.2% during the forecast period. Wireless display
solutions are mainly used for streaming and mirroring multimedia content
through hardware electronic devices, software suites, managed services, and
operating systems. Streaming devices include dongles, modems, adapters, and
various other over-the-top (OTT) devices that use wireless connectivity
technologies, such as Bluetooth, Wi-Fi, and Wi-Max.
Availability of advanced display technologies, low
switching costs of consumer electronics, and changing consumer preferences are
fueling the demand for consumer electronics used for streaming data.
Furthermore, increasing popularity of on-demand digital multimedia content and
affordability of wireless connectivity & mobility solutions are expected to
boost market growth over the forecast period.
Additionally, streaming devices used in enterprise
ecosystem are opening new opportunities for collaborations and interactions
with various stakeholders. Different commercial sectors including retail,
banking, government, healthcare, and media & entertainment are investing in
visual marketing, innovative customer engagement programs, and immersive &
interactive support services across the ecosystem. Thus, digital transformation
involving the adoption of various display technologies in commercial applications
across the globe is anticipated to augment the wireless display market over the
forecast period.
Over the past few years, high-speed internet connectivity
to display content wirelessly has proven to be a key performance indicator to
evaluate user experience in the market. Also, technical factors including lag
ratio, waiting time to access data online, and transfer & display high
bit-rate content volumes are likely to stir up the demand for streaming devices
over the coming years.
Moreover, government initiatives across the globe are
positively influencing the implementation of evolving technologies related to
wireless display solutions. For instance, Made in China 2025, U.K. Digital
Strategy 2017, and Digital India, among others, propose different policies and
guidelines, thus offering massive growth potential to the wireless display
market.
However, incompatibility among different brands of
display technologies, such as Apple- and Android-based streaming devices, is
likely to challenge the growth of the wireless display market. Other factors
such as availability of low-cost wired display options and insufficient
awareness regarding selection of ports and cables can hamper the sales of
wireless display solutions.
Access Full Research
Report On Wireless Display Market Analysis:
Further key findings from the study
suggest:
·
Widespread availability of wireless
connectivity coupled with growing smartphone penetration and increasing
spending capabilities of consumers in emerging economies is benefitting the
growth of the market
·
A few other prominent trends such as
adoption of streaming devices in commercial applications and soaring need for
on-demand content services are poised to boost the sales of wireless display
solutions over the forecast period
·
The software & services segment is
likely to exhibit the highest CAGR over the forecast period. This growth can be
attributed to spiraling demand for low-cost solutions suitable for dynamic
business environments internationally
·
The commercial segment is expected to
expand at a CAGR of approximately 13.0% over the forecast period as
technological innovations support high-quality content streaming, which is
ideal for diverse applications such as communication and collaboration,
interactive and support services, and marketing & advertising services
·
The Google Cast segment accounted for a
significant share in the market in 2018. It is estimated to experience the
highest CAGR over the forecast period. It’s being increasingly acknowledged for
the compatibility that it offers to multiple brands across the globe at a low
cost
·
North America accounted for the largest
regional market in 2018 as most of the wireless display providers are
headquartered in this region
·
The key industry participants include Apple
Inc.; Google LLC; Marvell Semiconductor Group Ltd.; Intel Corporation; MediaTek
Inc.; and Roku, Inc.
·
Companies focus on investing in product
innovation and market expansion to withstand competition and maintain their
position.
Browse More
Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/display-technologies
Grand View Research has segmented the global wireless
display market on the basis of offering, end use, technology, and region:
Wireless Display Offering Outlook (Revenue,
USD Million, 2014 - 2025)
·
Hardware
·
Software & Services
Wireless Display End-Use Outlook (Revenue,
USD Million, 2014 - 2025)
·
Residential
·
Commercial
Wireless Display Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
AirPlay
·
Miracast
·
Google Cast
·
Others
Wireless Display Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-wireless-display-market
https://www.grandviewresearch.com/press-release/global-wireless-display-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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