June 20, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, June 20, 2022 (GLOBE NEWSWIRE) -- A review by Transparency Market Research (TMR) projects the global LED video walls market to register growth at a CAGR of 11.3% during the forecast period, 2022-2031.
Based on the service type, the demand for installation type LED video wall is being increasing in the recent years owing to surge in the use of LED video walls in different applications including sports, education, and hotel & restaurants. This service type is gaining traction as it offers ease in brand communication, helps in fulfilling requirements of private and corporate event clients, and utilizes approximately 30% less energy in sports bar using direct-lit LED technology. This, in turn, is creating profitable prospects in the LED video walls market, notes a study by TMR.
The demand for installation types LED video walls is being increasing owing to increasing utilization of digital advertising strategies by companies from different e-commerce companies including Adidas, Nike, Zara, H & M, MAC Cosmetics, and NYX Cosmetics in order to increase their sales. Owing to such factors, the LED video walls market size is estimated to expand at promising pace and gain a value of US$ 53.4 Bn by 2031.
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LED Video Walls Market: Key Findings
LED Video Walls Market: Growth Boosters
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LED Video Walls Market: Regional Analysis
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LED Video Walls Market: Key Players
Some of the key players profiled in the report are:
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LED Video Walls Market Segmentation
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