Research Nester released a report titled “Visualizer Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global visualizer market in terms of market segmentation by product type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global visualizer market is projected to grow with a moderate CAGR during the forecast period, i.e., 2022-2030, owing to the increasing use of visualizers as presenters in business conferences, lecture halls, and training sessions of corporate organizations. Moreover, increasing R&D expenditure in various industries such as healthcare, architecture, and other sectors, is giving rise to the surge in use of innovative technologies for presentation, which in turn is expected to lead to the growth of the market in the near future. According to the data provided by UNESCO, North America and the Western Europe region invests about 2.4% of their GDP in research and development investment, followed by the Asia Pacific region, which invests 2% of its total GDP on R&D investments.
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The market has been segmented based on product type into portable, desk, and ceiling visualizer, out of which, the portable visualizer segment is anticipated to grab the largest share over the forecast period on account of improved flexibility, ease of working and enhanced productivity of portable visualizers as compared to other types of visualizers.
The global visualizer market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to witness highest market growth throughout the forecast period ascribing to the increasing adoption of visualizers in Singapore, China and India. Moreover, the market in North America is anticipated to hold the largest share attributing to the presence of prominent market players in the region.
Growing Adoption of Visualizers in Various Industries to Drive Market Growth
Over the last few years, visualizers are finding high usage for research, training, and development activities in industries in several industries such as healthcare, architecture and education. Furthermore, as more and more enterprises and businesses are collaborating, the adoption of visualizers to explain and understand presentations and related data is also projected to rise. These are considered to be the major factors boosting market growth in the coming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high costs associated with visualizer equipment is estimated to hamper the market growth over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global visualizer market which includes company profiling of WolfVision GmbH, IPEVO Inc., Kony Inc. (Temenos AG), Hayamim Ava Sdn. Bhd., Genee World Ltd., Samsung Group, Optoma Europe Ltd., Edu Assessment Pvt. Ltd., ELMO EUROPE GmbH, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global visualizer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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