Digital Signage Market Trend, Technology Innovations And Growth Prediction 2022-2027

The Digital Signage Market research provides an in-depth analysis of industry dynamics, the competitive landscape, segments, and geographies to assist readers have a better understanding of the market. It focuses on market fluctuations, pricing structures, uncertainties, possible hazards, and development possibilities in order to assist firms in developing effective strategies for success in the Digital Signage industry. It also offers participants to acquire comprehensive insights into top leading company development and industry progress in market.

The global digital signage market is estimated to be USD 16.3 billion in 2022 and is projected to reach USD 27.8 billion by 2027, at a CAGR of 11.22%.

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Top leading companies in the global Digital Signage market includes:

Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview, Cisco Systems Inc, Marvel Digital

Recent Developments
In November 2020, Sharp launched the new massive 8K Ultra-HD professional LCD. The new display packs in 33 million pixels and employs a wide color gamut color filter and optimized LED backlight phosphors. This helps the display to deliver brilliant clarity and reproduce improved gradations of red, blue, and green in the pixels.
In July 2020, LG launched its most advanced LED signage system, LSAA LED signage series. The new product offers giant-screen performance, design, and integration and delivers a cable-less block assembly design.
In June 2020, Planar announced updates for its TVF Series of LED video wall displays. The new 0.9-millimeter pixel pitch model comes with an improved power design and supports high-resolution video walls. The updated model delivers exceptional visual performance and follows simple installation and maintenance.
In June 2020, Sony launched new 55 to 85-Inch BRAVIA 4K HDR BZ40H models of professional displays. The models come in different sizes, including, 55-inch, 65-inch, 75-inch, and 85-inch featuring an embedded 4K HDR processor and TRILUMINOS display technology. The new models are suitable for use across digital signage, conference rooms, security camera surveillance, public spaces, radio and television, smart classrooms, museums and exhibition halls, and healthcare institutions.
In February 2020, Samsung announced the launch of the new QLED 8 K SMART signage, the world’s first 8 K display capable of 24/7 operation. The newly launched signage offers exceptional picture quality and is designed to be wall-mounted. The QLED 8 K signage is available in various sizes for different business needs and is equipped with the AI quantum processor 8 K.

Digital Signage Market segmentation:

Market segment by Type:

40 - 50 inch

50 - 60 inch

Under 40 inch

Larger than 60 inch

Market segment by Application:

Retail

Healthcare

Hospitality

Transportation

Others

Market Overview:

The digital signage market size is expected to reach USD 27.8 billion by 2026 from USD 16.3 billion in 2021, at a CAGR of 11.2% during the forecast period.

Key factors fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.

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APAC is projected to register the largest market share of the digital signage market in 2027

Asia Pacific is projected to register largest market share of the digital signage market in 2027. Owing to low labor costs in APAC, the overall cost of implementing and installing digital signage systems is significantly low in the region. This has led to the emergence of APAC as one of the potentially largest markets for digital signage. The market has experienced significant growth in APAC due to the increasing adoption and penetration of digital technologies and advanced audio-visual solutions integrated with next-generation technologies, including AI and AR. Several countries, such as China, South Korea, and India, have witnessed developments related to infrastructure in recent years, along with the growth of retail, BFSI, and transportation applications. This factor is also expected to drive the demand for digital signage in the region.

Investigator Observers Strong Growth in Specific Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa).

Some key questions answered in the Digital Signage market report:

– What is the Digital Signage market growth, sales, production, consumption, import and export, trends, latest developments, etc. of each region/country?

– Which key regions or Digital Signage market segments will drive market development in the near future?

– The short-term and long-term factors affecting the industry due to COVID-19.

– Historical, current and future market development, growth and market size during the forecast period.

– The detailed qualitative analysis and quantitative insights provided in the report contribute to future growth.

– Comprehensive mapping of key players and the latest strategies adopted by industry players, Manufacturer behaviours analysis.

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Important functions under the reported products and main highlights:

– Detailed overview of the Digital Signage Market

– Changes in industry market dynamics

– History, current and projected market size in terms of volume and value

– Detailed Digital Signage market segmentation by type, application, etc.

– Recent industry trends and developments

– Competition Situation The high-frequency inductor market

– key company and product strategies

– shows promising growth potential and niche segments/regions

The research includes historical data from 2016 to 2022 and forecasts to 2027, making the reports an invaluable resource for industry managers, marketing, sales, and product managers, consultants, analysts, and others looking for key industry data in easily accessible documents with clearly presented tables and graphs.

Finally, the Digital Signage Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Digital Signage industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Digital Signage Market Size, Forecast to 2027 With COVID-19 Impact Analysis

The digital signage market includes key companies such as Samsung Electronics, LG Electronics, Sharp Corporation, Leyard Optoelectronic, Sony Corporation, Barco, Panasonic Corporation, Shanghai Goodview Electronics, AU Optronics, and BrightSign. These companies have their manufacturing facilities and corporate offices spread across various countries across Asia Pacific, Europe, North America, and RoW. 

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