According to the latest market research study released by Technavio, the global retail display market is expected to grow at a CAGR of close to 16% during the forecast period 2017-2021.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global retail display market based on application:
Global retail display market share by application 2016
|
POS Systems |
30.91% |
|
ATMs |
24.95% |
|
Digital Signage |
24.77% |
|
Kiosks |
19.37% |
Source: Technavio
Global retail display market by POS systems
These systems facilitate the maximum probability of sales within a retail store resulting in the growth of this market segment. The POS systems in retail stores display promotional activities for new and existing products apart from the ones used for data entry by cashiers or operators. These systems functioning is efficient for store management for retailers as the interactive displays makes it convenient for operators and cashiers to enter sales data. These display units can be integrated with inventory management systems which keep the operators and customers updated with the latest offers, deals, and discounts.
“The increase adoption of POS systems in smaller stores is feasible due to reduced hardware prices and technological developments. These display systems are very effective for promotional strategies which in turn, boosts the demand for these products in the market. Retailers have the ability to promote specific products on these displays that will likely encourage last-minute purchases by customers,” says Ujjwal Doshi, a lead analyst at Technavio for research on consumer electronics.
Global retail display market by ATMs
ATMs are self-service channels of the retail banking sector, and it connects retail banks or money establishments and their customers through a single unit. These systems serve as multi-utility service suppliers and are vital for a branch transformation of banks with continuous innovation possibilities. The banks are developing new technologies that will help them develop ATM services by using the web and mobile banking channels. India and China are the world’s fastest-growing economies and are driving the demand for ATM systems. The increasing number of electronic transactions, technological advances in ATMs, entrepreneurs’ investments in bitcoin ATMs, and branch transformation in retail banking will help in the development of this segment.
Global retail display market by digital signage
These systems are designed to facilitate in-store, face-to-face consultation with the subject material through video, voice, and online screen sharing in various retail stores. Digital signage helps retail stores to improve client service and capture new business opportunities. These systems provide retailers the opportunity to connect with customers directly at the retail level and to increase their consumer base. The vendors in the market are focusing on investing in new technologies that will help merchants develop new promotion strategies and increase their profitability.
Global retail display market by kiosks
The extensive use of interactive kiosks in industries like healthcare and banking, financial services, and insurance as it helps them cater to heavy server loads will help in the growth of this market segment. The retails stores are installing self-checkout kiosks to provide enhanced convenience to their customers and offer faster checkout services. These kiosks also help saving space for retailers in their outlets as it replaces traditional checkout systems. These systems help retailers to utilize the limited available floor space, which can be used for multiple purposes including display of new products.
The top leading vendors operating in the global retail display market are:
- 3M
- Adflow Networks
- AU Optronics
- Cisco
- HP
- Innolux
- LG Display
- Panasonic
- Samsung
- Sharp
Other prominent vendors in the market include Cambridge Display Technology, DuPont Display, Elo Touch Solution, E Ink Holdings, Innolux, Fujitsu, General Electric, Kent Displays, Mitsubishi Electric, NEC Display Solutions, Plastic Logic, Sony, Seiko Epson, TPK, and Universal Display.
A more detailed analysis is available in the Technavio report titled, ‘Global Retail Display Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Display Market for Retail Applications 2016-2020
- Global Refrigerated Display Cases Market 2016-2020
- Global Advertising Display Market 2016-2020
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