Written by MarkNtel Advisors » Updated on: November 25th, 2024
Mounting Partnership Between Manufacturers & distributors to be Trending, States the recent report description published by Markntel Advisors, a leading consulting, data analytics, and market research firm. The report demonstrates the inclination towards more collaboration and partnership, which facilitates enhancing market penetration across the region, therefore meeting the growing demand for video walls from the retail, hospitality, and transportation sectors. One of the leading brands Delta Displays declares the strategic partnership with Mindstec in the concerned region. The Delta display provides a range selection of off-the-shelf visualization products and control systems designed to deliver optimal performance across a variety of indoor, outdoor, public, and commercial applications. This signifies the lucrative growth with market expansion.
The further report comprises “Middle East Video Wall Market Research Report: the Middle East Video Wall Industry Bifurcations- By Technology (LCD, LED, OLED, DLP Video Wall, Rear Projection), By Location (Indoor, Outdoor), By End Users (Retail, Corporate, Hospitality, Education, Sports & Entertainment, Transportation, Healthcare, Others [Government, Commercial Offices, etc.]), By Country (The UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Rest of the Middle East) Forecast (2024-2030)”, According to the report, the Middle East Video Wall Market is estimated to grow at a CAGR of around 8.7% during the forecast period, i.e., 2024-30. The market growth is also driven by the mounting hospitality sector, growing construction of public infrastructure, and event engagement.
The Middle East Video Wall market is segmented into five segments based on Technology, end users, location, and country.
The rising trend for gaming especially across Middle Eastern countries such as Saudi Arabia, the UAE, and Qatar facilitates increasing demand for video walls. This is owing to the gaming culture attracting widespread e-sport events, resulting in a mounting number of e-sports events, such as the Global E-sport Games, Dule Arena Gaming, etc. Additionally, the rising government investment & initiatives, young population demand, and an increasing number of e-sports cultures are the primary factors that are propelling the demand for video walls in the Middle Eastern Market.
Highlighting the recent update that demonstrates the further growth and market expansion:
Additionally, to strengthen their market position, certain market players such as
Samsung Electronics Co., Ltd., LG Electronics, Panasonic Marketing, Sharp, Delta Electronics, Inc., ENO Digital Signage, Hangzhou Hikvision Digital Technology Co., Ltd, Barco, Christie Digital Systems USA, Inc., Xi'an NovaStar Tech Co., Ltd, Blue Rhine Industries, Daktronics Dr., Others are operating, not only to raise revenue but also to seek comprehensive attention and popularity from large customers. Therefore, looking forward towards futuristic growth and betterment.
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