CHICAGO, July 15,
2024 /PRNewswire/ -- The global digital
signage market is projected to grow from USD 20.1 Billion in 2024 to USD 27.3 billion by 2029, registering a CAGR of
6.3% during the forecast period according to a new report by
MarketsandMarkets™. The growth of the market can be
attributed to the increasing adoption of digital signage in
commercial applications such as retail & hospitality, surging
demand for high resolution displays such as 4K & 8K
displays, rising infrastructural developments in developing
countries, and ongoing technological advancements in display
sector.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=513
Browse in-depth TOC on "Digital Signage
Market"
150 – Tables
60 – Figures
250 – Pages
Digital Signage Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 20.1
Billion
|
Estimated Value by
2029
|
$ 27.3
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.3%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Product, Displays,
Resolution, Software, Display Size, Application and
Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Security concerns
related to digital signage
|
Key Market
Opportunities
|
Increasing adoption in
industrial sector
|
Key Market
Drivers
|
Rising demand for
advanced display solutions such as 4K and 8K displays
|
Hardware segment likely to lead the offering segment during the
forecast period.
The hardware segment of the digital signage market, by
offering, is expected to have the largest share of the market
between 2024 and 2029. The growing popularity of display
technologies such as direct-view LED and OLED, which enable
ultra-high definition (UHD), 4K, and
8K resolutions, combined with the
increasing deployment of digital signage in commercial industries,
is likely to boost hardware segment market growth. Furthermore, the
growing use of large-screen digital signage in retail and
advertising venues as a viable alternative to traditional
signboards is expected to propel the hardware segment's growth in
the coming years.
By installation location, outdoor segment is likely to record
the highest growth rate during the forecast period.
By installation location, the outdoor installation segment of
the digital signage market, is expected to expand at the highest
CAGR over the forecast period. This expansion can be attributed to
various technological developments related to digital signage
display, as a result of which businesses are able to select from a
wide range of high brightness, highly attractive displays in
various configurations and sizes, with brightness of more than 2000
nits, making them ideal for outdoor use. Furthermore, with recent
improvements in display technology, digital screens have grown less
susceptible to harsh outside settings while providing outstanding
product life.
Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=513
Asia Pacific is estimated to
account for the largest market share in the global digital signage
market by 2029.
Asia Pacific is anticipated to
have the highest share of the digital signage industry by
2029. The growing adoption of the Internet of Things (IoT) and
technologies that enable digital transformation across a variety of
industries, including commercial, infrastructure, institutional,
and industrial, has boosted demand for digital signage in
Asia Pacific. Furthermore, strong
economic growth, increased disposable income, higher consumerism,
rising living standards, rapid technological advancements,
developed retail space, and lifestyle changes have contributed to
the adoption of strong and reliable advertising media in the
region's countries.
Key Players
Samsung Electronics Co., Ltd. (South
Korea), LG Electronics (South
Korea), Sharp NEC Display Solutions (Japan), LEYARD (China), Sony Group Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), AUO Corporation (Taiwan), Shanghai Xianshi Electronic
Technology Co., Ltd (China) and
BrightSign LLC (US) are some of the major companies in the digital
signage companies.
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=513
Browse Adjacent Market: Semiconductor and Electronics
Market Research Reports &Consulting
Related Reports:
Commercial Touch Display Market Size, Share, Statistics and
Industry Growth Analysis Report by Product (Monitor, POS Terminal,
Signage Display), Touch Technology (Resistive, Capacitive,
Infrared), Aspect Ratio (Wide, Square), Resolution, Screen Size,
Industry, Application and Region - Forecast to 2029
Interactive Kiosk Market Size, Share & Industry Growth
Analysis Report by by Offering (Hardware, Software & Services),
Type (Banking, Self-service, Vending), Location (Indoor, Outdoor),
Panel Size, Vertical (Retail, Transportation, Hospitality) and
Region - Global Forecast to 2029
Large Format Display Market Size, Share, Industry Growth,
Trends & Analysis by Offering, Type, Technology (Direct-View
LED, LED-backlit LCD), Size, Brightness, Installation Location,
Application (Retail, Hospitality, Sports, Education), Region
Micro-LED Market Size, Share, Industry Growth, Trends &
Analysis by Application (Display (Smartwatch, NTE Device,
Smartphone and Tablet, Television, Digital Signage), Lighting
(General, Automotive)), Display Panel Size, Vertical and Region
2027
Cockpit Display Market for Land Vehicle by Vehicle Type
(Commercial Automobile, Tactical, and Trains), Display Type
(Driver-Assist Displays and Mission Displays), Display Size, and
Geography - Analysis and Forecast (2014-2020)
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or
follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight:
https://www.marketsandmarkets.com/ResearchInsight/digital-signage-market.asp
Content Source:
https://www.marketsandmarkets.com/PressReleases/digital-signage.asp
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.com/news-releases/digital-signage-market-worth-27-3-billion-by-2029---exclusive-report-by-marketsandmarkets-302196642.html
SOURCE MarketsandMarkets