Livestock Monitoring Market Trends
The Monitor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Monitor Global Market Report 2024, The monitor market size has grown steadily in recent years. It will grow from $59.82 billion in 2023 to $61.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to computing and digitalization boom, office and business expansion, entertainment consumption trends, education and e-learning evolution, multimedia content creation.
The monitor market size is expected to see steady growth in the next few years. It will grow to $69.38 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to remote work and hybrid models, advanced gaming experiences, evolving classroom technologies, media streaming and content consumption, specialized professional applications. Major trends in the forecast period include usb-c connectivity and single-cable solutions, ergonomic design features, frameless and slim bezels, adaptive sync and variable refresh rate, remote work-friendly features.
The growing internet penetration is expected to fuel the growth of the monitor market in the forecast period. According to Internet World Stats, globally around 4.83 billion people are using the internet, as of June 2020, which is about 62% of the world’s overall population. The number of internet users is increasing by more than 6% annually. Globally, more than three-quarters of the world’s larger economies of internet users go online via desktops and laptops. Therefore, the growing internet penetration drives the growth of the monitor market.
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The monitor market covered in this report is segmented –
1) By Type: Cathode-ray tube (CRT, Liquid Crystal Display (LCD), Light-Emitting Diode (LED)
2) By Resolution: 1366*768, 1920* 1080, 1536*864, 1280*720, 1440*900, Other Resolutions
3) By Application: Gaming, Business/Commercial, Personal
Major companies operating in the monitor market are introducing technologically advanced monitors such as 4K monitors with IPS Black technology to address the known shortcomings of traditional IPS panels and extend their global reach in the market. IPS Black technology refers to an advanced type of In-plane switching (IPS) panel that offers improved color and contrast. For instance, in April 2022, Dell, a US-based technology company introduced new 4K monitors 27″ U2723QE (Opens in a new window) and the 31.5″ U3223QE (Opens in a new window) featuring IPS Black technology, which aims to combine the advantages of IPS panels with enhanced dark tones for improved color and contrast. This new technology seeks to address the traditional IPS glow issue and offers better contrast, bridging the gap with OLED’s “perfect” blacks. IPS Black technology aims to rectify these issues, providing deeper blacks akin to what OLED offers.
The monitor market report table of contents includes:
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