Artificial Intelligence
Video Walls Market is Surging at a Valuation of USD 22,767.9 million by 2033 with a CAGR of 10.5% | Future Market Insights, Inc.
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NEWARK, Del, Jan. 30, 2023 (GLOBE NEWSWIRE) — The global video walls market revenue totaled US$ 8,388.81 Million in 2023 and is projected to reach US$ 22,767.9 Million by 2033, growing at a promising CAGR of 10.5% from 2023 to 2033.
The utility for desirable features such as high resolution, enhanced brightness, powerful processing/computing systems, and low maintenance requirements have made video walls a reliable channel for interactive presentations, broadcasting, and security surveillance. In recent times, the media & broadcasting industry has flourished, increasing video walls application in sports stadiums, open theatres, and concerts. Video walls are in demand for their superior user experience, propelled by the integration of the latest technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT).
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Video walls are finding extensive application in smart cities, across airports, railways, bus stations, and so on. There is a rise in demand for digital content channels targeting travelers. Video walls also tend to find essential applications in the research industry for seamless data sharing.
Factors such as the high cost of installations, competition from adjacent market segments, and consumer dissatisfaction due to irregular display experiences between multiple screens hamper the market growth. As a result, the CAGR has depreciated to 13.2% from the previously recorded CAGR of 18.1% between 2017 and 2022.
Key Takeaways from the Report:
- The United States currently dominates the regional market with a global video walls market share of 37.7% US$ 3.4 Billion in 2023.
- United States is expected to record the highest CAGR during the forecast period at 13.1%
- LED video walls are expected to register a CAGR of 12.8% during the forecast period
- The China market is expected to reach a valuation of US$ 2.2 Billion by 2033
- The United States market is projected to achieve a revenue of US$ 11.8 Billion by 2033, with the highest growth of US$ 8.4 Billion over the forecast period
- The UK market is expected to reach a value of US$ 1.3 Billion by 2033 at a CAGR of 12.5% between 2023 and 2033.
Competitive Landscape
The key market players are currently working on enhancing the integration of advanced technologies such as AI and IoT to cater to niche applications of video walls across industries. This has led to a rise in fruitful collaborations between key market players and advanced technology solutions providers.
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Important Market Developments:
- In January 2020, LG Business Solutions USA launched two new 55-inch LCD video wall panels with 0.44mm bezels. This aids in enhanced video wall installations. The product also features a new embedded Smart Calibration tool that helps cut down on both installation and maintenance, for significant time and cost savings.
- In August 2020, Primeview introduced FusionMAX LED Video Walls. This enhanced product variant features a 32:9 Aspect Ratio. It also comes with the world’s first 38401080-pixel resolution, bezel-free panel display. It aids in eliminating the most common custom video wall issues.
- In 2022, Planar announced that it aims to launch a diverse portfolio of emerging broadcast technologies at NAB 2022. This encompasses diverse technologies such as cutting-edge fine-pitch LED display solutions for in-camera virtual production and advanced motion capture (Mocap) solutions for fine camera tracking.
Key Players:
- Samsung Electronics Co., Ltd.
- NEC Display Solutions
- Koninklijke Philips N.V.
- Barco
- Leyard
- Panasonic Corporation
- Christie Digital Systems USA, Inc.
- Delta Electronics, Inc.
- AU Optronics Corp.
- Navori SA
- Prysm, Inc.
- Unilumin
- Shenzhen CLT LED Technology Co., Ltd
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Video Walls Market by Category
By Component:
- Video Walls Hardware
- Video Walls Software
- Video Walls Services
By Display Technology:
- LED Video Walls
- LCD Video Walls
- Others
By Industry:
- Government & Public
- Retail & Consumer Goods
- Travel & Hospitality
- Education
- Healthcare
- Media & Entertainment
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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Artificial Intelligence
Cato Unveils Industry First AI-driven Networking and Security Incident Detection and Response
Cato AI now detects and identifies root cause of networking incidents, reducing outages from hours to minutes.
TEL AVIV, Israel, March 19, 2024 /PRNewswire/ — Cato Networks, the leader in SASE, announced the addition of network incident detection and response tools to the Cato SASE Cloud platform. With Network Stories for Cato XDR, advanced AI algorithms instantly identify outages in customer networks and conduct root cause analysis. NOC and SOC teams now have a common platform for improved collaboration and channel partners can quickly bring NOC-as-a-service (NOCaaS) offerings to market.
“With our converged security and networking platform, we leverage advances in one domain, in this case security, to help another domain — networking,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “Our security-trained AI has now been expanded to help NOC teams become smarter, faster, and more proactive than ever. This is the value of a true SASE platform.”
Element Solutions, Inc. (ESI), a leading specialty chemicals company, relies on Cato SASE Cloud to connect and secure 118 locations and cloud instances, and nearly 4,000 remote users with Cato’s NGFW, threat prevention (NGAM, SWG, and IPS), and application protection (CASB).
“We’re very excited about what we’re seeing in Cato’s Network Stories. It’ll save us the time normally spent hunting around other tools and that’s a big deal,” says Brandon Benchley, senior network engineer at ESI. The company’s three-person network team is responsible for all site designs, deployments, switches, and upgrades. “We handle all the network operations, engineering, and planning for locations and Azure. It’s a lot. Cato Network Stories should solve a key pain point for us.”
Cato Network Stories: Slashing Downtime for Enterprises Everywhere
Network outages continue to disrupt enterprise operations. Network and connectivity-related issues accounted for nearly a third of IT outages and 53% of major outages caused by third-party IT providers.1 Even with Cato and its managed private backbone, network outages and slowdowns can occur in the last-mile or customer networks.
Diagnosing network incidents requires NOC teams to sift through and correlate a flood of network alerts. Too often, outages begin as unreported line degradations or occur after hours, extending their impact on the organization.
With Network Stories for Cato XDR, AI algorithms trained for threat detection now collect and analyze network signals and incidents to identify the root cause behind blackouts, downed links, BGP session disconnects, SLA issues, and other network incidents. Cato AI triages those incidents by criticality, empowering network operations teams to focus critical resources on an organization’s most important cases.
Once NOC teams act, Cato provides them with a complete set of incident response tools. Generative AI summarizes Network Stories into human-readable explanations. Cato Playbooks enable NOC teams to understand what happened and how to remediate those incidents.
When Cato Support adopted Networks Stories last-mile packet loss identification became nearly instantaneous, instead of customers taking several days to report an outage. The average root cause analysis time dropped by 30% to under 35 minutes.
Cato: The First SASE-based Platform for SOC and NOC Teams
Cato enables tighter SOC-NOC collaboration, improving efficiency and service quality. In Cato’s recent 2023 SASE Adoption Survey, 82% of respondents indicated that security and networking teams were consolidating or had a management directive to improve collaboration.
“In an environment where any part of the network might be a key component of the security infrastructure, and any anomalous event could require a comprehensive network AND security response, the convergence of the NOC and the SOC makes more sense than ever,” writes John Burke, CTO of Nemertes, an industry consultancy.
With Cato, the root-cause analysis conducted in one area benefits the other. Collaboration is improved by sharing a common toolset, speaking a common language, and having a common reference point. With Cato RBAC+ rules, fine-grained access controls enable IT to determine what information and capabilities team members can view and change.
To learn more about Cato Networks, Network Stories, and the power of Cato XDR, visit Extended Detection and Response (XDR).
1Uptime Institute, Annual outages analysis 2023: The cause and impacts of IT and data center outages,
About Cato Networks
Cato Networks is the leader in SASE, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com .
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Artificial Intelligence
Online Retail Penetration Remains Low for Grocery, While Consumer Electronics is Set to See 50% of all Sales from Online Channels in Coming Years
NEW YORK, March 19, 2024 /PRNewswire/ — Following turbulent years for retail, omnichannel has become the primary focus for large and small retailers alike. Retail stores and employee numbers look set to decrease across most segments as retailers introduce new store technologies and invest in alternative fulfillment methods. According to global technology intelligence firm ABI Research, retail stores will fall at a CAGR of -1.8% and -0.9% in North America and Europe, respectively. At the same time, retail employee numbers in North America will fall at a CAGR of -2.6% to 2030, while retail stores in Europe look set to fall at a CAGR of -0.9% in the same period, with the drop much higher in the region’s major economies.
“Online retail had its boom in the wake of the pandemic, but in-store retail has made a strong comeback, and consumers are demanding a complimentary blend of both online offerings and enhanced in-store experiences. Retailers of all sizes realize the need to master both and are dedicating significant investment to technologies that can facilitate an omnichannel strategy,” explains Ryan Wiggin, Supply Chain Management & Logistics Industry Analyst at ABI Research.
While a rise in online retail and declining store footprints is apparent across all major economies in North America and Europe, the magnitude of this change varies across countries and retail segments. For example, online retail has surpassed 30% of all sales in the UK, while Italy sits much lower at just over 11%. Food and grocery hold a relatively low online sales penetration rate across all countries assessed, ranging from 3-13%. In contrast, online sales for segments such as apparel and electronics take up a much larger proportion of total sales, even looking set to surpass 50% of all sales by 2030 in certain countries.
Retailers such as Sephora, Nordstrom, Home Depot, and Walmart are leading the charge for omnichannel shopping. They are digitally connecting their different means of fulfillment to improve the overall customer experience and drive sales.
“While an assessment of retail stores and employees paints a negative growth picture, it’s important to remember that is because of restructuring, not declining retail growth. ABI Research forecasts that retailers will be among the highest spenders on advanced technology over the coming years, optimizing in-store and delivery operations and bringing new ways of shopping to the consumer,” concludes Wiggin.
These findings are from ABI Research’s Retail in North America and Europe: Stores, Employees, and Online-Retail market data report. This report is part of the company’s Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
GlobalDeborah PetraraTel: +1.516.624.2558 [email protected]
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Artificial Intelligence
LOCUS ROBOTICS NAMED ONE OF FAST COMPANY’S MOST INNOVATIVE COMPANIES OF 2024
Leading Warehouse Automation Provider Recognized for Its Groundbreaking LocusOne Robotics Orchestration Platform
WILMINGTON, Mass., March 19, 2024 /PRNewswire/ — Locus Robotics, the global leader in autonomous mobile robots (AMRs) for warehouse automation, today announced it has been named one of Fast Company’s Most Innovative Companies of 2024. The company was recognized for its groundbreaking LocusOne robotics orchestration platform, which is revolutionizing warehouse operations by seamlessly orchestrating large, diverse fleets of AMRs using AI and real-time data analytics.
This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
LocusOne represents a paradigm shift in warehouse automation, redefining how businesses manage their material movement needs while optimizing productivity, efficiency and sustainability. By seamlessly blending cutting-edge robotics, AI, data science and smart orchestration, the platform enables warehouses to dynamically coordinate heterogenous AMR fleets to handle any job – from delicate picking to heavy payload transport – while boosting productivity 2-3x.
“We are honored to be recognized by Fast Company as one of the world’s most innovative companies for our revolutionary LocusOne technology,” said Rick Faulk, CEO of Locus Robotics. “The Locus Solution is transforming the logistics industry by accelerating digital transformation through AI-driven, real-time robotics orchestration. This prestigious award validates our commitment to innovation that drives quantifiable business value for our customers worldwide.”
Kait Peterson, Sr. Director of Product Marketing at Locus Robotics, added: “In today’s fast-paced fulfillment environment, warehouses require flexibility, scalability and predictive intelligence to optimize their operations. LocusOne’s ability to coordinate diverse robot types as a single, cohesive unit, while generating actionable business insights through advanced data analytics, is truly pioneering. We are delighted that Fast Company has recognized the transformative impact of our solutions.”
Fast Company’s editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.
“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”
The LocusOne platform is deployed in over 300 sites across 18 countries, powering digital transformation for some of the world’s largest logistics operations. Locus’s data-driven autonomous robotics solutions are delivering proven benefits including 80% reduction in workplace injuries, increased worker satisfaction and morale, seamless scalability, and a significantly reduced environmental footprint.
ABOUT LOCUS ROBOTICS
Locus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2-3x, with less labor compared to traditional piece-handling systems. This multiple award-winning solution helps solve the challenges companies across multiple industries face – labor shortages, costly and inefficient-to-operate systems, and inflexible processes – allowing brands to easily meet higher throughput requirements and easily adapt to volume changes in any operation.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
For information or inquiries about Locus Robotics:
Kary ZateSr. Director Marketing [email protected] +1-774-249-4477
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