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Digital Signage Market in Asia Pacific Region is Projected to Register a CAGR of 6.5% By 2023

11-29-2019 03:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Digital Signage Market

Digital Signage Market

Digital Signage market size accounted for USD 15 billion in 2015 and is witnessing a significant growth worldwide. The Asia Pacific market is anticipated to register a CAGR of 6.5% from 2016-2023, owing to factors like infrastructural development, growth in educational and government sectors, and enhanced user experience. Also, increasing demand across various application industries is likely to favor the US market growth over the coming years.

North America in digital signage market accounted for majority of shares owing presence of major players and their increasing number of investments. In addition, rising demand from application including BFSI and retail have contributed to increased growth.

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LCD technology accounted for majority of revenue share in digital signage market owing to declining prices and numerous advantages offered by this technology over alternative including plasma display is predicted to fuel the adoption. Furthermore, OLED segment are expected to witness significant CAGR growth over the period as it supports firm to use money effectively without compromising user appealing experience.

Digital Signage Market is expected to grow at a CAGR of over 5% to exceed USD 15 billion from 2016-2023 owing to the expansion in infrastructure and technology development. The growing demand for digital products with improved content in order to reach wide audience are expected to drive the digital signage market. Increasing demand from various sectors such as banking, retail, education, and transportation will boost the adoption in the coming years. The ability to assist people with the visual need and enhancement in internal communications will also increase the overall revenue over the forecast timeframe.

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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.

Table of Contents:

Chapter 4 Digital Signage Display Technology Insights
4.1 Digital signage display market share by technology, 2015 & 2023
4.2 LCD
4.2.1 Market estimates and forecasts, 2012 - 2023
4.2.2 Market estimates and forecasts by region, 2012 - 2023
4.3 LED
4.3.1 Market estimates and forecasts, 2012 - 2023
4.3.2 Market estimates and forecasts by region, 2012 - 2023
4.4 Front projection
4.4.1 Market estimates and forecasts, 2012 - 2023
4.4.2 Market estimates and forecasts by region, 2012 - 2023
4.5 Others
4.5.1 Market estimates and forecasts, 2012 - 2023
4.5.2 Market estimates and forecasts by region, 2012 - 2023
Chapter 5 Digital Signage Application Insights
5.1 Digital signage market share by application, 2015 & 2023
5.2 Retail
5.2.1 Market estimates and forecasts, 2012 - 2023
5.2.2 Market estimates and forecasts by region, 2012 - 2023
5.3 Corporate
5.3.1 Market estimates and forecasts, 2012 - 2023
5.3.2 Market estimates and forecasts by region, 2012 - 2023
5.4 Banking
5.4.1 Market estimates and forecasts, 2012 - 2023
5.4.2 Market estimates and forecasts by region, 2012 - 2023
5.5 Healthcare
5.5.1 Market estimates and forecasts, 2012 - 2023
5.5.2 Market estimates and forecasts by region, 2012 – 2023

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Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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