A
research study titled, “Digital Signage Market by product Type - Global
Industry Analysis and Forecast to 2022” published by Crystal Market Research,
states that the digital signage market is projected to be around $21.46
billion by 2022.
The
global digital signage market was evaluated around USD 12.50 billion in the
2012 and is expected to reach approximately USD 21.46 billion by the end of
2022 while registering itself at a compound annual growth rate (CAGR) of 4.98%
over the forecast period. Digital signage is a sub-section of signage. It is
defined as a distantly controlled digital display generally linked with
advertising, marketing, and sales or as a system of electronic displays which
are individually addressable and centrally managed for the display of video,
animated or text messages, for displaying information, advertising, marketing
to targeted audiences and entertainment. Digital displays utilize technologies
like Projection, LED and LCD to present content like video, digital images, web
pages, streaming media, restaurant menu, weather data, or text. They can be
used in transportation systems, public spaces, stadiums, hospitals, museums,
restaurants, retail stores, corporate buildings, and hotels etc.,
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full research report with TOC on "Digital Signage Market by
product Type - Global Industry Analysis and Forecast to 2022” at:
The
global digital signage market is projected to demonstrate extensive growth with
a decent compound annual growth rate over the forecast period of 2012 to 2022.
Near field communications and touch, screen technologies have rendered a
momentum to the global market. These assist in cost-saving linked with
conventionally printed advertisements that are more tedious to implement and
time-consuming. Digital Signage is used increasingly over different industry
fields as well as for communicating real-time information at diverse places.
Sellers of both software and hardware are intensifying their offerings to
fulfill the elevated demand of global digital signage market.
The
key industry participants for the digital signage market are; are Microsoft
Corporation, Omnivex Corporation, KeyWest Technology, Inc., NEC Display
Solutions, Ltd., ADFlow Networks, Winmate Communication, Inc., LG Electronics,
Samsung Electronics, and Panasonic Corporation. According to the type, the
global market is split into; Video Walls, Transparent LED Screens, Video
Screens, Kiosks, Digital Posters and Other Signage Types. By Component, the
market industry is divided into; Software, Hardware, and Services. On the basis
of technology, the market is split into; Projection, LED and LCD. By
Application, the global market is classified as; Corporate, Retail,
Transportation, Banking, Education, and Healthcare. According to locations, the
market is split into; Out-store and In-store. Geographically, the global
digital signage market is segmented into regions which are; Europe (Germany,
Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China,
India, Australia, South Korea and Rest of Asia Pacific), North America (the
United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia,
South Africa, United Arab Emirates and Others).
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Signage Market Research Report @: https://www.crystalmarketresearch.com/report-sample/SE10292
Key
findings of the digital signage market
- Technological
advancements and extensive demand from various fields are the factors
boosting the growth of the market.
- The
transparent LED screen section is expected to demonstrate major growth,
due to energy-efficient performance capability of LED screens.
- The
hardware sector that includes 4K-UHD and 8K displays is expected to rule
the component sector over future.
- The
healthcare segment has considerable potential as hospitals are
increasingly installing digital signage for various purposes like display
notifications, conveying healthcare tips for enhancing health of patients
and sharing essential registration information.
- In 2016,
the North American region reported for the major market share, due to the
huge demand of digital signage over numerous application sectors, owing to
technological innovations and the modern consumer base. This region is
followed by Asia-Pacific owing to owing to factors like growing
transportation sector, decreasing prices of display panels and demand for
enhanced viewing experience.
- Key
participants of this market are Microsoft Corporation, Omnivex
Corporation, KeyWest Technology, Inc., NEC Display Solutions, Ltd., ADFlow
Networks, Winmate Communication, Inc., LG Electronics, Samsung
Electronics, and Panasonic Corporation.
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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