Press release
Digital OOH Advertising Market Price, Competitive Analysis and Forecast 2023-2028
According to IMARC Group's latest report, titled "๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ ๐๐๐ฏ๐๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐", the global digital-out-of-home advertising market size reached US$ 16.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.7 Billion by 2028, exhibiting a growth rate (CAGR) of 12.31% during 2023-2028.Digital out-of-home (OOH) advertisement represents a dynamic communication medium displayed on digital signage. It is mainly used for advertising products or communicating information to the public across airports, shopping malls, railway stations, bus shelters, roadways, etc. These signs are also used in indoor spaces, such as medical waiting rooms, retail stores, movie theatres, etc., that are accessible to the public.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/digital-ooh-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ ๐๐๐ฏ๐๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The widespread adoption of projectors, motion graphics, video content, and virtual screens by advertisers to offer unparalleled viewability and target specific demographics is among the key factors stimulating the digital OOH advertising market. Moreover, the increasing digitization across numerous sectors and the inflating need for efficient advertising solutions are acting as significant growth-inducing factors. Besides this, several technological advancements, such as the rising integration of advanced technologies, including Artificial Intelligence (AI) and Near Field Communication (NFC), with OOH advertising are positively influencing the global market. Furthermore, they generate real-time viewership analytics, which is also propelling the market growth.
Apart from this, the escalating demand for digital OOH advertisements, as they are equipped with facial recognition software, provides in-depth information regarding the demographics of the onlookers and passers-by, assist in understanding and engaging with the audience in an efficient manner, etc., is further catalyzing the global market. Additionally, the introduction of interactive billboards is anticipated to fuel the digital OOH advertising market over the forecasted period.
๐๐ฎ๐ฒ ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ ๐๐๐ฏ๐๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=1312&method=1
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The report has also analysed the competitive landscape of the market with some of the key players
โข APG|SGA
โข Clear Channel Outdoor Holdings Inc.
โข Global Media
โข JCDecaux
โข Lamar Advertising Company
โข oOh!media Limited
โข Outfront Media Inc.
โข Stroer
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has categorized the market based on format type, application and end-user.
Market Breakup by Format Type:
o Digital Billboards
o Video Advertising
o Ambient Advertising
o Others
Market Breakup by Application:
o Outdoor
o Indoor
Market Breakup by End-User:
o Retail
o Recreation
o Banking
o Transportation
o Education
o Others
Market Breakup by Region:
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o Latin America
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/request?type=report&id=1312&flag=C
Key highlights of the report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
3d Printing Market: https://www.imarcgroup.com/3d-printing-market
Smart Cities Market: https://www.imarcgroup.com/smart-city-market
Mobile Payment Market: https://www.imarcgroup.com/mobile-payment-market
Desktop Virtualization Market: https://www.imarcgroup.com/desktop-virtualization-market
Power Bank Market: https://www.imarcgroup.com/power-banks-market
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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