Digital Signage Market Size to Surpass Around US$ 38.63 Billion by 2030

1. Digital Signage Market Size to Worth Around US$ 38.63 Bn by 2030

2. Digital Signage Market, 2021 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: The increased demand for the digitized promotion of products and services. Rapid innovation in the field of digital signage in order to produce high quality viewing experience. The surge in demand for the development of holographic films will boost the market growth. 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 2 PRECEDENCE RESEARCH

3. Digital Signage Market, 2021 Electronics Spotlights the Digital Signage Innovations that is built for Control Room at 2021 Virtual Experience Showcase. Report Highlights The retail application segment is expected to lead the market contributing more than 21% of the revenue share in the upcoming years. The hardware segment of the digital signage market is estimated to lead the market with a market share of more than 56.6% in 2021. By Geography, North America holds a significant share accounting for more than 35% in 2021 in the Digital Signage Market in terms of revenue share because of the presence of major market players in the region. 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 3 PRECEDENCE RESEARCH

4. Digital Signage Market, 2021 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. Browse more Semiconductor and Electronic Industry Research Reports@ https://www.precedenceresearch.com/industry/semicond uctor-and-electronic Recent Developments In May 2021, BrightSign, LLC the global market leader in digital signage media player announced their technology to help tempt customers back into bricks and mortar retail stores as they reopen. The solution they proide will enable customer interactivity with touchless technology using sensors to deliver engaging, memorable and hygienic shopping experiences. integration with Nexmosphere On 2nd February 2021 Panasonic AcroSign a leader in Japan’s content management system market has integrated the latest version of their AcroSign CMS with BrightSign. This partnership will enable the amazing visual quality for multi display installation. On 4th October 2021, Sharp NEC Display Solutions announces that its RB laser technology projectors have been chosen by the UGC Group in France to be used across its 4 new cinemas theatres. The cinemas will benefit from the unsurpassed brightness and rich color spectrum delivered by Sharp/NEC’s cinema solutions. 4 PRECEDENCE RESEARCH

5. Digital Signage Market, 2021 Segments Covered in the Report By Screen Type Video Walls Video Screens Transparent LED Screens Digital Posters Kiosks Others By Component Hardware Software Services By Technology LCD LED Projection By Location In-store Out-store By Content Category Broadcast 5 PRECEDENCE RESEARCH

6. Digital Signage Market, 2021 oNews oWeather oSports oOthers Non-Broadcast By Screen Size Below 32 Inches 32 to 52 Inches More than 52 Inches By Application Retail Hospitality Entertainment Stadiums & Playgrounds Corporate Banking Healthcare Education Transportation By Geography North America 6 PRECEDENCE RESEARCH

7. Digital Signage Market, 2021 oU.S. oCanada oMexico Europe oU.K. oGermany oFrance oRussia oItaly oSpain oRest of Europe Asia Pacific oChina oIndia oJapan oSouth Korea oRest of Asia-Pacific LAMEA oLatin America oMiddle East oAfrica Click Here to View Full Report Table of Contents 7 PRECEDENCE RESEARCH

8. Digital Signage Market, 2021 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 sales@precedenceresearch.com | +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/ https://twitter.com/Precedence_R 8 PRECEDENCE RESEARCH

9. Digital Signage Market, 2021 9 PRECEDENCE RESEARCH