Interactive Response Systems - Global Market Trajectory & Analytics

Global Interactive Response Systems Market to Reach $35.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Interactive Response Systems estimated at US$7.9 Billion in the year 2020, is projected to reach a revised size of US$35.4 Billion by 2027, growing at a CAGR of 23.9% over the period 2020-2027. On-premises, one of the segments analyzed in the report, is projected to record 17.4% CAGR and reach US$11 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud-based segment is readjusted to a revised 28.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 23.7% CAGR

The Interactive Response Systems market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2027 trailing a CAGR of 23.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.6% and 20.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR.

Select Competitors (Total 42 Featured):

• Boxlight, Inc.
• Dell Technologies
• KP1
• LLaborate Ltd
• Macmillan Learning
• Option Technologies International, LLC
• Promethean Ltd. (Promethean World)
• Qwizdom
• SMART Technologies, Inc.
• Turning Technologies, LLC.