Digital Signage Market Size to Worth Around US$ 38.63 Bn by 2030 Digital Signage Market Size to Worth Around US$ 38.63 Bn by 2030According to Precedence Research, the global digital signage market size is predicted to worth around US$ 38.63 billion by 2030 and is expanding growth at a CAGR of 7.7% from 2021 to 2030.October 27, 2021 08:42 ET | Source: Precedence Research
Paris, Oct. 27, 2021 (GLOBE NEWSWIRE) — The global digital signage market size was valued at US$ 21.9 billion in 2021. Digital signage is an electronic display that is used for advertising contents, broadcasting data, television programs, and others. It makes use of various technologies such as LED and LCD. Digital signage’s are found in both private and public places such as restaurants, corporate environment and retail outlets. During the forecast period the Digital Signage market is anticipated to grow with a CAGR of 7.7%. In order to ensure the display of high-quality content, the Digital signage depends primarily on hardware components. The hardware component segment dominates the market with a market share of 56.60% in 2020 and will grow significantly during the forecast period. Digital signages have disrupted the market of small and micro-display screens with large wall-sized LED and LCD displays. It is designed for applications that require the vendors to engage their customers with its wider viewing angle and to extract maximum effectiveness from the marketing campaigns. Get Report Sample Copy OR Any Customization Requirement@ https://www.precedenceresearch.com/customization/1312 Crucial factors accountable for market growth are:
Regional Snapshots Asia Pacific is anticipated to grow significantly during the forecast period and is expected to contribute more than 20% of the market share due to the presence of developing economies such as India, China, Taiwan, South Korea in this region. Also, the rapid innovation of the major market players in this region will boost the market growth. For instance, in 22nd April 2021, Samsung Electronics Spotlights the Digital Signage Innovations that is built for Control Room at 2021 Virtual Experience Showcase. Scope of the Digital Signage Market Report
Report Highlights
Market Dynamics Driver The digital signage are deployed in diverse sectors such as retail stores, hospitality centers, and other public spaces for advertising, as well as displaying instructions, directions, entertaining content, product information and others are the major factors driving the growth of the digital signage market. For instance, on 17th August 2021 Kollins Communications announced their partnership with BrightSign and Visual Communications to create a best-in-class, in-store digital customer experience at Sam’s Club stores throughout the United States. It will provide the customers with creating a compelling kiosk display to give customers a fresh point of sale experience in this high-traffic, big box retail setting. Restraint The major restraining factor that will negatively impact the growth of the Digital Signage Market includes the surge in expenditure by retailers and products suppliers in the broadcast pf advertisements, the increase in penetration of internet that disrupts the advertising companies that targets the audience through online promotions and many others. Opportunity The COVID-19 pandemic has created huge business opportunities for the digital signages to make use of voice-based interfaces that use audio-video (AV) interactions in physical places such as retail stores, restaurants, airports, and museums to understand the requirements of consumers. For instance, On 6th April 2021 c3ms Media in collaboration with BrightSign LLC announced to roll out digital menu boards at Bonchon Chicken restaurants throughout the United States. Challenges The outdoor application of the digital signages is adversely affected by the Harsh weather conditions, such as rain, snow, dirt, and extreme temperatures. This is a major challenge encountered by the digital signage market.
Recent Developments
Segments Covered in the Report By Screen Type
By Component
By Technology
By Location
By Content Category
By Screen Size
By Application
By Geography
Click Here to View Full Report Table of Contents Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1312 You can place an order or ask any questions, please feel free to contact at [email protected] | +1 9197 992 333 About Us Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. For Latest Update Follow Us: https://www.linkedin.com/company/precedence-research/ https://www.facebook.com/precedenceresearch/ TagsDigital Signage MarketDigital Signage Market SizeDigital Signage Market ShareDigital Signage Market Growth Related Links
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