Press release
Outdoor Advertising Market is expected to reach USD 10.326 Billion by 2023 | Key players are Clear Channel Outdoor Holdings, Inc., JCDecaux, Lamar Advertising Company, Out-front Media Inc., Adam Outdoor Advertising, Bell media.
Outdoor Advertising Market was valued at USD 5.043 Billion in 2017 and projected to reach USD 10.326 Billion by 2023 growing at a CAGR of 9.04% during the forecast period 2018-2023.
Outdoor Advertising Market Overview:
Digital media and e-magazines have taken over the advertising market by a margin. This has eventually caused the print advertising market to decline sharply. Firms are now re-investing in other more digitally available media forms rather than print forms. However, print in the form of outdoor advertising is not dead yet. However, the competition is intense because of technology, features and pricing. Broadly categorized as digital outdoor advertising or physical outdoor advertising, with the digital form growing at a very fast pace. Using furniture, transit displays, shelters and billboards is a common tactic of this form of advertising.
Browse details of 127 number of pages research report developed on Outdoor Advertising Market @https://www.researchcosmos.com/reports/global-outdoor-advertising-market-analysis-industry-forecast-2018-to-2023/6223011
Outdoor Advertising Market Growth Drivers and Restraints:
With the return on investment being significant, this form of advertising is being invested upon by the big organizations. Especially, the tourism industry is using this form to establish their prominence. One of the oldest forms of advertising, today, outdoor advertising demands creativity and connection. Therefore, major players are constantly evolving and innovating to attract customers attention. There are, stringent regulations related to what may or may not be advertised using this medium, and this can inhibit the growth of this sector. However, it cannot be denied that this form of advertisement is cost-effective and long lasting, and has a wider coverage, and will stay in the market for times to come.
Geographic Insights of Outdoor Advertising Market:
Asia Pacific is known to be the largest region in the field of outdoor advertising in the forecasted period. High population, large transit displays, rising investments from retail sectors into outdoor advertising are all forms of market boosters for the Asia Pacific. The US also is a major contributor for this form of advertising across billboards and shelters. It has grown by 1.9% in 2018 alone and is bringing in revenues of USD 9 billion. The number of business firms in the US alone using this form of advertising are 13,103. It comes as no surprise that this form of advertising is no longer confined to a certain business form and is being used by all from retail to healthcare and hospitality to banking.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-outdoor-advertising-market-analysis-industry-forecast-2018-to-2023/6223011
Key Market Players of Outdoor Advertising Market:
Some strong players in this market are Clear Channel Outdoor Holdings, Inc., JCDecaux, Lamar Advertising Company, Out-front Media Inc., Adam Outdoor Advertising, Bell media, Captive Network, CBS Outdoor, CEMUSA, EPAMEDIA, Fairway Outdoor Advertising, Focus Media holding limited , Affichage Holding, News outdoor, Air Media.
Outdoor Advertising Market Key Segmentation:
By Type:
• Billboards
• Street Furniture
• Transit Displays
• Others
By Application:
• Food & Beverage Industry
• Vehicles Industry
• Health and Medical Industry
• Commercial and Personal Services
• Consumer Goods
• Others
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-outdoor-advertising-market-analysis-industry-forecast-2018-to-2023/6223011
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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