Digital Signage Market by 2018-2022: Industry Manufacturers, Growth, Drivers, Opportunities| Focusing on top key Vendors: Microsoft Corporation, Omnivex Corporation, KeyWest Technology, Inc., NEC Display Solutions, Ltd., ADFlow Networks

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.

Digital Signage - Competitive Outlook and Trend Analysis:
The major market participants in the global digital signage 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. The advent of novel solutions is expected to drive the market during the forecast years. For example, Intel Corporation brought in Open Pluggable Specification (OPS) that has assisted in standardizing the digitized marketing plan. In addition, Japan’s Nippon Telegraph and Telephone (NTT) Corporation, produced digital signs with the help of aroma-emitting devices. The market players, by continuous innovation and R&D efforts, are also striving to formulate high-value and premium quality products at best possible cost to achieve a competitive benefit in the price-sensitive industry.

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Digital Signage - Industry Trend Analysis:
In 2012, the global digital signage market was valued around USD 12.50 billion and is anticipated to reach approximately USD 21.46 billion while maintaining a compound annual growth rate (CAGR) of 4.98% during the forecast period owing to rising demand for the digital advertising of services and products in order to draw the target audience’s attention in an useful manner. The development of innovative products like leak detector systems, home monitoring systems, etc. This is among the major drivers projected to drive the global market during the forecast years. Digital signage presents the essential quality information to a huge amount of viewers by using big display screens around the location with a focused target audience. Eventually, the rising awareness amongst the consumers about the complexity and drawbacks of conventional advertising like short-lived print marketing is prompting the adoption of digitized advertisement. Moreover, the novel efforts contributed by the researchers, display designers, and promotion agencies are spending extra on the development of the display technology of digital signage.

The global digital signage market is segmented as follows :

Digital Signage - By Type: Video Walls, Transparent LED Screens, Video Screens, Kiosks, Digital Posters, Other Signage Types

Digital Signage - By Component: Software, Hardware, Services

Digital Signage - By Technology: Projection, LED, LCD

Digital Signage - By Application: Corporate, Retail, Transportation, Banking, Education, Healthcare

Digital Signage - By Location: Out-store, In-store

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Digital Signage - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Digital Signage - Regional Outlook and Trend Analysis:
Europe and North America are jointly anticipated to lead during the forecast years owing to the rising presence of committed providers of industrial products and equipment.Countries like Germany, United Kingdom, and the United States are anticipated to demonstrate major growth, mainly due to growing R&D efforts contributed by manufacturers in an attempt to improve the advertising content quality. Though, the Asia-Pacific regional market is projected to conquest the European regional market by 2022.

Digital Signage - List of Tables:

Table 1.Global Digital Signage Market, By Type, 2012-2022 ($Million)
Table 2.Video Walls Market, By Region, 2012-2022 ($Million)
Table 3.Transparent LED Screens Market, By Region, 2012-2022 ($Million)
Table 4.Video Screens Market, By Region, 2012-2022 ($Million)
Table 5.Kiosks Market, By Region, 2012-2022 ($Million)
Table 6.Digital Posters Market, By Region, 2012-2022 ($Million)
Table 6.Other Signage Types Market, By Region, 2012-2022 ($Million)
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Digital Signage - List of Figures:
Figure 1.Digital Signage Market Share, By Type, 2012 & 2022 ($Million)
Figure 2.Digital Signage Market Share, By Component, 2012 & 2022 ($Million)
Figure 3.Digital Signage Market Share, By Technology, 2012 & 2022 ($Million)
Figure 4.Digital Signage Market Share, By Application, 2012 & 2022 ($Million)
Figure 5.Digital Signage Market, By Region, 2012 & 2022, ($Million)
...

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.

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