Press release
Digital Signage Market Growth Analysis to 2023|Focusing on Key Companies like Cisco, Intel Corporation, LG Electronics, Microsoft, NEC Display Solutions of America, Inc., Panasonic, Samsung Electronics and Scala
Digital Signage
Digital Signage market share is estimated to surpass USD 23 billion by 2023 driven by increasing demand across commercial and public sectors is expected to propel the global digital signage market size. The high demand for digitally enabled products with enhanced content to reach wide audiences provide ample opportunities to the industry participants. Moreover, rising adoption across applications including retail, banking and transportation is anticipated to contribute to the global revenue.
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Competitive Trends: -
Key industry players profiled in the report include ADFLOW Networks, BrightSign LLC, Cisco, Intel Corporation, Keywest Technology, Inc, LG Electronics, Microsoft, NEC Display Solutions of America, Inc., Omnivex Corporation, Panasonic, Polk Audio, Samsung Electronics, Scala, Winmate Inc.
Application Trends: -
The industry is segmented into various applications like retail application and healthcare application. Retail application contributed more than 40% of global industry share for 2015. It is predicted to continue its domination in future.
Healthcare segment features positive regulatory scenario for industry growth. It is predicted to register 7% CAGR during forecast timeframe. Pharmaceutical Research and Manufacturers of America has made such regulations that disallows pharmaceutical firms from following the traditional practice of distributing notepad and branded pens to physicians for marketing their products. The new rules have compelled the firms to explore 3D technology based digital signage as a feasible marketing tool. Further, this technology assists in reducing perceived patient waiting times by curbing their anxiety through entertainment.
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Display Technology Trends: -
LCD display technology contributed to greater than 55% of the industry share for 2015 but is predicted to expand at sluggish rate than global average during forecast period. Large screen sizes like those bigger than 50-inch displays are predicted to experience higher acceptance during forecast timeframe. In contrast to this, small sized displays are predicted to lose their industry share due to declining LCD costs and rising digital signage market size.
Digital signage market by display technology: -
• LED
• LCD
• Front projection
LED displays are attractive segment with CAGR predicted over 6% in future.
Regional Trends: -
U.S. digital signage market size was $4.4 billion for 2015. Rising demand across various application areas is predicted to positively affect the industry growth of the region.
Favourable application overview along with improved user experience is a key factor driving the industry growth in Asia Pacific. Regional demand for the digital signage across transportation segment is predicted to register a CAGR of about 7% during the forecast period.
Browse Complete Report Summary: https://www.gminsights.com/industry-analysis/digital-signage-market-report
Browse Related Report: -
"Digital Signage Media Player Market Size By Component, Product, Application ,Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 – 2024"
Link:- https://www.gminsights.com/industry-analysis/digital-signage-media-player-market
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