MarkNtel Advisors has recently published a research report titled, Middle East Video Wall Market, according to which the market is projected to grow at a CAGR of 8.7% from 2024-2030. The expanding hospitality sector, increased public infrastructure construction, and a rise in events and entertainment predominantly fuel such market proliferation.
Other than this, the tourist influx due to international sports events paired with pilgrimage tours has led to a construction boom in hotels and resorts, particularly in Saudi Arabia, UAE, Qatar, Bahrain, etc., pushing the adoption of video walls to enhance guest experiences. These solutions are crucial in creating interconnected urban environments for improved public safety, transportation, and city management. As a result, a significant upsurge in demand is expected in the coming years.
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Segments of Middle East Video Wall Market Research Report: Forecast (2024-2030)
By Technology (LCD, LED, OLED, DLP Video Wall, Rear Projection)
By Location (Indoor, Outdoor)
By End Users (Retail, Corporate, Hospitality, Education, Sports & Entertainment, Transportation, Healthcare, Others [Government, Commercial Offices, etc.])
By Country (The UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Rest of the Middle East)
By Company (Samsung Electronics Co., Ltd., LG Electronics, Panasonic Marketing, Sharp, Delta Electronics, Inc., ENO Digital Signage, Hangzhou Hikvision Digital Technology Co., Ltd, Barco, Christie Digital Systems USA, Inc., Xi’an NovaStar Tech Co., Ltd, Blue Rhine Industries, Daktronics Dr., Others)
LED video walls lead the Middle East Video Wall Market due to businesses shifting to digital out-of-home advertising. Recognizing DOOH’s potential in high-traffic areas, businesses increasingly adopt LED technology for showcasing products in airports, malls, and metro stations. The region’s embrace of AI and ML technologies further transforms content distribution for LED video walls, promising more personalized and engaging visual experiences. This trend positions the LED Video Wall Market for continued expansion in the Middle East.
The Middle East Video Wall Market is anticipated to witness a dominant presence in the retail segment in the upcoming period. This is attributed to the increasing construction of shopping malls and the sizable young population in the region.
To meet the preferences of the young consumer base, retailers are progressively embracing video walls to craft visually appealing displays that showcase the latest trends in fashion, electronics, and lifestyle items. These captivating visuals contribute to establishing a compelling and modern retail ambiance. Furthermore, the rising expenditure on luxury goods, the growth of the tourism sector, and governmental backing are propelling the development of expansive shopping complexes in critical locations such as the UAE, Saudi Arabia, and Qatar. For instance:
In 2023, Arabian Al Esaar, a Saudi Arabia-based shopping mall operator, is set to unveil its latest venture, Al Shubaily Grand Mall, in Al Khobar, covering an extensive area of approximately 6 million square meters.
Consequently, the proliferation of these emerging establishments is expected to intensify the demand for video walls in the forecast period, given that shopping malls serve as prime locations for retailers to effectively advertise and promote their diverse range of products and services.
MarkNtel Advisors’ report on the Video Wall Market in the Middle East delivers an in-depth analysis encompassing market size, growth rate, competitive landscape, and key players. This exhaustive examination empowers businesses with a comprehensive grasp of market dynamics, facilitating well-informed decision-making.
Additionally, the report sheds light on present market trends and future projections, enabling businesses to pinpoint emerging opportunities and anticipate potential challenges. With insights from market forecasts, companies can strategically align their approaches to maintain a competitive edge.
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