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Digital signage Market is Expected to Reach US$ 67.3 Billion by 2032, Grow at a CAGR 11.3% between 2022-2032
Published : April 2022

According to a market report, published by Sheer Analytics and Insightsthe global digital signage market was valued at $20.3 billion in 2021 and it is expected to reach $67.3 billion at a CAGR of 11.3% between 2022 and 2032. Digital signage is also known as electronic signage, which refers to display technologies such as LED walls, projections, and LCD monitor to display videos, and web pages, among others. Digital signage is widely used in various places such as public places, stadiums, museums, educational institutes, government, and private offices, shopping stores, restaurants, and others. This can be also used to provide information to the public, share product information, promotion, and advertisement, among others. Therefore, the demand for digital signage is increasing in retail shops, healthcare sectors, and end-user industries, which is expected to boost the market growth during the forecast period. The adoption of digital signage is further growing in corporate offices and medical sectors, and these displays are equipped with high-quality technology; hence enhancing the growth opportunities across the global market. LED has led the market to a new level. With the advanced technology, LED has less energy consumption power; thus the adoption of this type of product is luring enterprises to opt for digital signage. 

However, digital signage is widely used in indoor and outdoor applications. In outdoor applications, there might be bad weather conditions such as rain, snow, and hot temperature which might affect the performance of the digital signage, and also it might reduce the quality of the display features. Therefore, this can negatively impact the longevity of display qualities and performance as well. Hence, it is very essential to select cooling filters and thermal management software to take care of the digital signage heat build-ups. At present days, manufacturing companies are focusing on building up new and innovative digital signage products according to the recent requirement in the market of developing countries. Hence, it is expected to gain significant growth opportunities in the digital signage market.

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Software companies are focusing on making more investments, which would help them to enter the industries by providing various solutions that are very much compatible with all the operating systems. Moreover, several manufacturing companies are trying to build advanced display products and sell them at a low-cost price for consumers with less income. Therefore, this is expected to be one of the major drivers, which is estimated to propel the growth of the digital signage market during the forecast period. The high growth of retail and tourism industries can present important growth opportunities in the market across the Asia-Pacific region. However, there are some factors such as lack of software and hardware compatibilities in some cases, electrical interface, and connectivity, which are issues that might hamper the growth of the digital signage market.

According to the study, key players dominating the global digital signage market are Samsung Group Multinational Conglomerate Company (South Korea), Daktronics Commercial Company (U.S), LG Corporation Multinational Conglomerate Company (South Korea), Panasonic Industrial Conglomerate Company (Japan), Sony Corporation Corporate Group Company (Japan), Leyard Electronics Company (China), Stratacache Software Company (U.S), YFY Inc Company (Taiwan), Deepsky Corporation limited (Hong Kong), Omnivex Corporation (Canada), Sharp Corporation (Japan), NEC Display Solutions Limited (Japan), Microsoft Corporation Technology Company (U.S), Qisda Corporation (Taiwan), Texas Instruments Semiconductor Manufacturing Company (U.S), Infenion Semiconductor Manufacturing Company (Germany), Microship Technology Corporation (U.S), Freescale Semiconductor Holdings Limited Company (Bermuda), Honeywell Multinational Conglomerate Company (U.S), SAS Institute Software Company (U.S), AU Optronics Company (Taiwan), Renesas Electronics Semiconductor Manufacturing Company (Japan), TOSHIBA GULF FZE (UAE), 3M Multinational Conglomerate Corporation (U.S), Winmate Computer Manufacturing Company (Taiwan), among others.

The Global Digital Signage Market Has Been Segmented Into:

The Global Digital Signage Market – By Product Type: 

  • Video Walls
  • Video Screens
  • Transparent LED Screen
  • Digital Poster
  • Kiosks
  • And Others

The Global Digital Signage Market – By Components:

  • Hardware
  • Software
  • And Services

The Global Digital Signage Market – By Technology:   

  • LCD
  • LED
  • Projection

The Global Digital Signage Market – By End-Users: 

  • Retail
  • Hospitality
  • Entertainment
  • Stadiums
  • BFSI
  • Healthcare
  • Education
  • Transpiration
  • And Others

The Global Digital Signage Market – By Regions:      

North America 

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAMEA

Browse The Full Report at https://www.sheeranalyticsandinsights.com/market-report-research/digital-signage-market-21

 

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Sheer Analytics and Insights Private Limited is market research, consulting, and IT services company. We as a company believe in providing point to point data and its analysis with the combination of our human and automation integration. Sheer Analytics and Insights cover majorly eight industry verticals, including chemicals, life science, communications, and electronics, materials, consumer goods, defense, and BFSI sector.

Sheer Analytics believes in quality work and ensures that the product delivered to the client is meaningful for them. We publish reports based on our advanced analytics reports, which are generated with the help of our in-house databases, external databases, and artificial intelligence integration processes. We stand out from other market research companies in terms of integrating facts with meaningful insights for forecasting. 

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