The report "Digital Signage Market by Product (Video Walls, Kiosks, Billboards, System-on-chip), Displays (LCD, OLED, Micro-LED), Resolution (4K, 8K, FHD, HD), Software (Edge Server, Content Management), Display Size, Application and Region - Global Forecast to 2028" The digital signage market is expected to reach USD 26.1 billion by 2028 from USD 18.7 billion in 2023, at a CAGR of 6.9% from 2023 to 2028. Increasing adoption of digital signage in commercial applications, growing demand for digital signage in infrastructural applications, surging demand for 4K and 8K displays and constantly increasing technological advancements related to displays are some of the major factors contributing to the growth of the digital signage market.
Browse 184 market data Tables and72 Figures spread through279 Pages and in-depth TOC on"Digital Signage Market by Product (Video Walls, Kiosks, Billboards, System-on-chip), Displays (LCD, OLED, Micro-LED), Resolution (4K, 8K, FHD, HD), Software (Edge Server, Content Management), Display Size, Application and Region - Global Forecast to 2028"
View detailed Table of Content here-https://www.marketsandmarkets.com/Market-Reports/digital-signage-market-513.html
Digital signage hardware to dominate the market during forecast period.
Digital signage hardware mainly consists of displays, media players, projectors, mounts, and other accessories. Increasing popularity and adoption of micro-LED and direct-view LEDs is a major factor driving the market growth for digital signage hardware globally. Moreover, the constantly growing need for digital signage in commercial and infrastructural applications has also contributed to the market growth significantly. For instance, the increasing need to provide enhanced customer experience in retail stores has led to a surge in the adoption of digital signage displays, thereby driving the demand for digital signage hardware.
Video walls register highest CAGR in the digital signage market during forecast period.
Video walls are combinations of multiple display tiles. These displays offer an immersive experience to viewers as users can use several display screens in combination to accommodate content. Video walls are expected to register the highest CAGR in the digital signage market from 2023 to 2028. The declining prices of displays have made video walls easily accessible for various indoor and outdoor applications. Moreover, manufacturers are offering video walls that deliver high-resolution images on large size screens with slimmer bezels, making video walls also popular in public places and sports & entertainment arenas.
Asia Pacific is expected to register the highest CAGR during the forecast period.
Presence of established display panel and device manufacturers such as Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), AUO Corporation (Taiwan), etc., rapid urbanization, growing digitization, increasing commercialization of 5G technology, and the availability of skilled and inexpensive workforce are some of the major factors contributing to the digital signage market growth in Asia Pacific. Moreover, the region is witnessing significant advancements in the adoption of new technologies in retail and infrastructure applications due to growing infrastructure developments, infusion of foreign capital, and increased spending by governments.
The report profiles key players such as Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sharp NEC Display Solutions, Ltd. (Japan), Leyard Optoelectronic Co., ltd. (China), Sony Group Corporation (Japan), Barco (Belgium), Panasonic Holdings Corporation (Japan), Shanghai Goodview Electronics Technology Co., Ltd. (China), AUO Corporation (Taiwan), and BrightSign LLC (US).
Don’t miss out on business opportunities in Digital Signage Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.
About MarketsandMarkets™
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.
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, visitwww.MarketsandMarkets™.comor follow us onTwitter,LinkedInandFacebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[emailprotected]
