Global Digital Signage Market is majorly driven by the increasing adoption of digitalized advertisements by various businesses during the forecast period
Published | 20 December 2019
According to BlueWeave Consulting, the Global Digital Signage Market is expected to
grow at a significant rate during the forecast period. The global digital
signage market is projected to grow from the valuation of USD 20.7 billion in
the year 2019 to USD 29.5 billion by the end of the year 2025, by growing at a
CAGR of 7.3% during the forecast period. The market is growing due to various
factors. Most of the business owners haven’t yet installed the digital signage
technology in their business thinking that this type of digitalized banner
might not suit outdoors but there’s nothing to worry about as one can easily
rely upon the engineering features of this digital signage displays. This type
of displays is made of durable tempered glass also known as standard glass and
can withstand the extreme weather conditions. Also, with the durable LED components
one can blindly rely on this technology.
Due to its high
manufacturing features, these digital banners remain unaffected by
environmental conditions. The outdoor digital signage displays that have
allowed the business owners to display their products and services to the
world. The outdoor digital signage displays are now extremely important for a
particular business. Through this type of technology, one can go for promoting
their products and services, reinforce branding and can also go for promoting their
brand on roadside digital billboards.
The Digital Signage Market
Forecast shows the increasing use of the digitally enabled product by the
business owners. Currently, there is a high demand for high-quality picture and
attractive design of digital signage banners. This is the main reason why the
market is experiencing major growth. Through the Information Technology &
Market, one can know more about the Digital Signage Market.
The
hardware segment from the offering section holds the largest market share in
the Global Digital Signage Market during the forecast period
Hardware offering as of now
represents the biggest portion of digital signage market, and this pattern is relied upon to keep
during the gauge time frame. This development is driven by developing digital
signage reception in business verticals, expanding retail space, and developing
infrastructural improvements in rising economies. By actualizing digital
signage shows inside stores, retailers can convey focused on messages to
clients continuously, oversee lines, synchronize video dividers, drive brand
mindfulness, urge purchasers to return, and in this way expanding deals. Also,
fresher advances, for example, fine-pixel LED and OLED are relied upon to drive
the development of the global digital signage market for Hardware offering
during the estimated time frame.
The
Asia Pacific region holds a lion’s share in the Global Digital Signage Market
during the forecast period
The digital signage market
in the APAC region is projected to witness the maximum growth rate in the
market. The rising developments in the field of public infrastructure, retail,
transportation, and corporate are anticipated to create a major demand for the
digital signage products. Also, owing to factors like lower labor cost in the
APAC region, the growing cost of digital signage system implementation is
significantly low in the APAC region. Thus, APAC is mainly considered as one of
the major markets for the digital signage growth. This also offers an
opportunity for various companies to grow and establish their business in the
APAC region. Even, the consistent increase in the manufacturing facility
investments by different industry giants like LG Electronics (South Korea), and
Samsung Electronics (South Korea), and others is augmenting the digital signage
market and its growth in the Asia Pacific region.
Global
Digital Signage Market: Competitive Insight
Scala (US), E Ink Holdings
(Taiwan), Omnivex Corporation (Canada), Deepsky Corporation (Hong Kong), Delta
Electronics (Taiwan), Exceptional 3D (US), Daktronics (US), Christie Digital
Systems (US), Intuiface (France), and BenQ (Taiwan), Samsung Electronics (South
Korea), NEC Corp. (Japan), among others are some of the major market players in
the Global Digital Signage Market.
The in-depth analysis of the
report provides the growth potential, upcoming trends and statistics of Digital
Signage Market size & forecast. The report promises to provide
state-of-the-art technology of Digital Signage Market and industry insights
which help decision makers to take sound strategic decisions. Furthermore, the
report also analyzes the market drivers and challenges and competitive analysis
of the market.
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