LG estimates 25% market share in B2B technology segment

Durables-maker LG Electronics India has carved out an integrated business-to-business vertical, LG Business Solutions, to cater to segments such as restaurants, education,retail and banking businesses. “We are targeting a turnover of Rs 1,000 crore and a market share of 25 per cent by the end of 2014 in this segment,” said Mr Soon Kwon, President South West Asia Region & Managing Director, LG. Mr Kwon said LG estimated the total size of the B2B integrated display market to be around Rs 2,500 crore and growing at 25 per cent annually.