Global Wireless Display Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Wireless display industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Wireless display barriers, and feasibility study are the vital aspects evaluated in this report.
The global wireless display market size is projected to touch USD 6.3 billion by 2025 and is estimated to grow at a CAGR of 11.2% from 2019 to 2025. Wireless display tools are utilized for mirroring and streaming multimedia content using software suites, operating systems and electronic devices. Streaming devices such as modems, dongles, adapter, and other OTT devices that are compatible with Wi-Fi, Bluetooth and Wi-Max are used for wireless connectivity.
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Low switching costs, the availability of advanced display technology solutions are projected to drive the demand for electronic devices and streaming video content. In addition, mobility solution, affordable data connectivity and the growing trend of on-demand video is anticipated to bolster the market growth in the next few years.
In enterprises, the streaming solution helps to collaborate & communicate through interaction between customers, employees and stakeholders. Furthermore, various commercial sectors such as banking, government, healthcare, retail, and media invest in visual marketing. In addition, customer engagement, immersive user experiences are expected to positively impact market growth.
Furthermore, high-speed internet service are proliferating the demand for wireless display technologies across the world. Several factors like waiting time for access, lag ratio, high bit rate data are projected to augment the wireless display market growth.
Favorable government initiatives are boosting the product innovation in display technologies. For example, various initiatives like Digital India, U.K. Digital Strategy, Made in China 2025, and others are estimated to positively affect the market growth.
However, the incompatibility of various brands such as Android-based, and Apple (iOS) based streaming devices are posing challenges to market growth. The availability of wired and low-cost solution may restrain the market growth.
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