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Web-based Digital Signage Market Size, Share, Trends, Competitive Landscape, Regional Analysis Forecasts By 2031 | Advantec , Cisco Systems , LG Electronics , Panasonic

05-21-2024 02:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Worldwide Market Reports

Web-based Digital Signage Market

Web-based Digital Signage Market

Market Overview:

Web-based digital signage refers to digital signage that can be managed and updated remotely via the internet without requiring on-site hardware or software. It allows content to be scheduled, displayed and managed centrally, remotely on multiple screens simultaneously. Main uses include corporate offices, retail stores, restaurants, museums and educational institutions to share information and advertising content.

Market Dynamics:

The web-based digital signage market is driven by the growing demand from corporate offices to share information internally as well as growing retail sector seeking innovative advertising. According to a survey, around 65% of corporate offices have deployed digital signage solutions to share company updates, announcements and other information across offices in a cost-effective manner without requiring on-site personnel. Additionally, growing retail sector worldwide has augmented the demand for digital signage as retailers seek innovative ways to engage customers, display products and run promotional advertisements. According to another survey, adoption of digital signage in retail stores is estimated to increase by over 15% during the forecast period owing to their marketing benefits.

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Increased Mobile Connectivity is a Major Driver for the Web-based Digital Signage Market :

One of the key drivers for the growth of the web-based digital signage market is the rising ubiquity of mobile connectivity across the globe. As mobile networks have expanded coverage and internet speeds have increased through the rollout of 4G/LTE networks, people are connected to the internet on-the-go like never before. According to industry reports, over 60% of the world's population now has access to mobile broadband coverage. This widespread mobile connectivity allows digital signage networks to be accessed and managed remotely through mobile apps and browser-based dashboards. Business owners and marketing managers can update content, monitor performance and get analytics reports all through their smartphones and tablets from anywhere. The ability to manage digital signage networks on-the-go without needing to be at a fixed location has accelerated the adoption of web-based digital signage solutions.

Software and Content Piracy Poses a Major Restrain :

One of the key challenges restraining the growth of the global web-based digital signage market is the threat of software and content piracy. As digital signage networks and content management systems shift to cloud-based web delivery models, there is an increased risk of unauthorized access, data breach and content theft. Hackers can gain administrative access and either disrupt systems or steal valuable promotional content, advertisements, playlists and customer data. Companies spend considerable resources on creating tailored digital signage content but have little ways to protect it entirely when distributed over the open web. Addressing security vulnerabilities and preventing unauthorized access poses an ongoing technical and legal challenge. The risk of content and software piracy discourages many organizations from fully adopting cloud-based digital signage solutions. Effective digital rights management and enhanced cybersecurity measures need to be rolled out curb the negative impact of this restrain.

Augmented & Interactive Digital Experiences Open Up New Opportunities :

One of the significant opportunities that lie ahead for the web-based digital signage market is the integration of augmented and interactive capabilities. Early digital signage systems mostly functioned as one-way broadcast platforms for displaying static visual content. However, advances in interactive technologies now allow for two-way engagement. People can interact with digital signage through touch, gestures, voice and mobile responses. Emerging trends like augmented reality and beacon technologies are making digital signage more immersive by seamlessly blending the digital and physical worlds. This brings digital signage beyond plain advertising into more impactful augmented customer experiences. New interactive possibilities are finding applications in retail, exhibitions, tours and public spaces. The transition to richer and more engaging digital experiences will unlock new revenue streams and drive the next phase of growth for web-based digital signage markets.

Data Analytics and Audience Insights are a Major Emerging Trend :

One of the dominant trends emerging in the web-based digital signage market is the shift towards more advanced data analytics and audience insights capabilities. Earlier systems were focused primarily on content management and distribution. However, as digital signage networks scale up and more user/location level data becomes available, there is a tangible opportunity to extract intelligence from these datasets. Leading vendors are now integrating analytics dashboards, sensor fusion and computer vision to gather detailed playout analyses, dwell times, click-throughs, demographic patterns and more. On the backend, AI/ML capabilities are being leveraged to uncover hidden patterns, predict

Some of the key players profiled in the study are:

✦ Advantec
✦ Cisco Systems
✦ LG Electronics
✦ Panasonic
✦ Samsung Electronics
✦ NEC
✦ BroadSign International
✦ Sony
✦ Sharp
✦ Quividi
✦ RedFalcon
✦ AdMobilize
✦ Omnivex

By Types:

✦ OLED Technology
✦ LCD Technology
✦ HD Projector Technology
✦ LED Technology

By Applications:

✦ Retail
✦ Entertainment and Sports
✦ Education
✦ Corporate
✦ Banking

Objectives of the Report:

• To carefully analyze and forecast the market size by value and volume
• To estimate the market shares of major segments
• To showcase the development of the market in regions
• To analyze micro-markets in terms of their contributions to the Web-based Digital Signage market, their prospects, and individual growth trends
• To offer precise and useful details about factors affecting the growth of the market
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Web-based Digital Signage market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches

Get your Special Discounted Report (At US$ 999): https://www.worldwidemarketreports.com/special-offer-buynow/898485

Reasons to Purchase Report:

✅ This report provides an in-depth exploration of the trends, challenges, and opportunities within this dynamic market landscape.From enabling technological advancements to driving innovation and sustainability initiatives, the Web-based Digital Signage market plays a pivotal role in shaping the modern world economy.
✅ The report throws light on the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the Web-based Digital Signage market.
✅ This report provides future products, joint ventures, marketing strategy, developments, mergers and acquisitions, marketing, promotions, revenue, import, export, CAGR values, the industry as a whole, and the particular competitors faced are also studied in the large-scale market.
✅ The report also analyzes the different segments along with major geographies that have more demand for Market.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions.

✦ Contact Us:

Worldwide Market Reports
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✉ Email: sales@worldwidemarketreports.com
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About us:

Worldwide Market Reports is your one-stop repository of detailed and in-depth research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth analysis by some of the most vastly experienced analysts provides our diverse range of clients from across all industries with vital decision-making insights to plan and align their strategies in line with current trends

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