Press release
Digital Signage Media Player Market Growth Projection To 2024 | lBase Technology, IAdea, NEXCOM International, Barco, Broadsign, KeyWest Technology
Digital signage media player market has been projected to garner substantial remuneration in the upcoming seven years of time span. The vast expanse of application spectrum complemented with the rapid pace of urbanization across the globe has resulted in a marked increase in public and private sectors’ expenditure on effective digital advertisement and marketing activities which has, in turn, vigorously impelled the digital signage media player industry size expansion in the past few years.As digital signage media player market traverses alongside a positive growth path, stakeholders are using digital signage technology to provide highly engaging multimedia displays. Accordingly, several players are providing all-in-one embedded displays that can be used in conjunction with a battery of apps.
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The competitive hierarchy of digital signage media player market, of late, has been witnessing an encouraging trend of innovative and exceptional product launches. Moreover, it is noteworthy to mention that the latest products are equipped with progressive technology and are being developed specifically for particular end-use domains. To add to this, the upcoming entrants in digital signage media industry are increasingly vying with the dominant firms to build a robust presence in this highly fragmented business space.
Amid escalating US-China trade war, the U.S. market share is poised to expand robustly against the backdrop of soaring adoption of media players in BFSI, retail, entertainment and transportation sector. Nonetheless, investment in digital signage media player industry has increased by manifold in recent years, which would help North America emerge as a viable avenue for digital signage media player industry.
Meanwhile, popularity of media players in APAC is experiencing an upward trend as its application in fostering infotainment has increased of late. Deployment of media players in shopping malls, airports and restaurants in APAC countries including India and China has boded well for digital signage media player market size expansion.
When it comes to offering turnkey solutions, there is no match for software and hardware components. Demand growth for solutions offering improvised interaction, ameliorating customer engagement and bolstering brand image has risen significantly in the past few years. Increased use of these robust solutions for streaming a range of content to healthcare, stadiums, hospitality and education facilities is set to propel digital signage media player market trend.
All in all, owing to rapid technological progressions and the growing affinity toward replacing the static signages with digital ones, the overall digital signage media player industry has acquired a preeminent position in increasing the customer engagement, employee communication, and brand visibility of foremost companies worldwide. According to reliable estimates, the global digital signage media player market is slated to exceed a total valuation of USD 1.4 billion by 2024.
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Partial Chapter of the Table of Content
Chapter 4. Digital Signage Media Player Market, By Component
4.1. Global market share by component, 2016 & 2024
4.2. Hardware
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Software
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
Charts & Figures
FIG 1 Industry segmentation
FIG 2 Global digital signage media player market, 2013 - 2024 (USD Million)
FIG 3 Global market, 2013 - 2024 (Thousand Units)
FIG 4 Industry ecosystem analysis
FIG 5 Growth potential analysis
FIG 6 Porter’s analysis
FIG 7 PESTEL analysis
FIG 8 Competitive landscape, 2016
FIG 9 Global market share by product, 2016 & 2024 (USD Million)
FIG 10 Global market share by product, 2016 & 2024 (Thousand Units)
FIG 11 Global market share by application, 2016 & 2024
FIG 12 Global market share by region, 2016 & 2024
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/digital-signage-media-player-market
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Corporate Sales, USA
Global Market Insights, Inc.
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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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