Wireless Display Market by Offering (Hardware, Software & Services) Global Forecast to 2023
The wireless display market was estimated at USD 2.86 Billion in 2017. This market would grow at a CAGR of 11.1% during the forecast period and is expected to be worth USD 5.38 Billion by 2023.
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The wireless display technology involves peer-to-peer media transmission between a compatible display device to a larger display without the use of wires. This allows easier setup and use in all applications. The technology can be used to transmit pictures, video, and other OTT-based content from one compatible display device to other. The wireless display has applications in the consumer segment, which is dominated by technology giants such as Google, Inc. (US), Amazon.com, Inc. (US), and Apple Inc. (US). The wireless display technology also has applications in the commercial subsegments such as corporate, healthcare, and education. The widespread use of devices such as smartphones, tablets, Smart TVs, and computers have facilitated the growth of the market in these applications. The digital signage application is expected to create a good growth opportunity for the wireless display market during the forecast period.
This report covers the wireless display market on the basis of offering, application, technology protocol, and geography. In the market, by offering, the hardware offering is expected to hold the largest market share during the forecast period while the highest growth is expected from the software and services segment. The high growth of the software and services offering is due to additional features offered such as interoperability among devices working on non-compatible protocols and the security aspect accorded to safeguard the content being transmitted wirelessly.
The major players involved wireless display market value chain include Google, Inc. (US), Amazon.com, Inc. (US), Apple Inc. (US), Microsoft Corporation (US), Roku, Inc. (US), Lattice Semiconductor (US), NETGEAR Inc. (US), Cavium, Inc. (US), Actiontec Electronics, Inc. (US), and Belkin International, Inc. (US). These players adopted various strategies such as product launches and developments, partnerships, collaborations, business expansions and mergers to cater to the needs of consumers in the market.
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