The Global Digital Signage Market size is estimated to be USD 16.3 billion in 2022 and is projected to reach 27.8 billion by 2027, at a CAGR of 11.2%
Digital signage predominantly depends on hardware components to ensure the delivery of high-quality content. Traditional small and micro-display screens with large wall-sized LCD and LED displays are replaced by these digital signages which are used across numerous industries. Digital signages are designed by vendors in order to get maximum attention from their target audience with messages being displayed prominently. Better customer experience and lesser cost are the factors driving the growth digital signage market.
More opportunities in this market are being created by the expansion of transportation networks, public infrastructure, and new commercial buildings, particularly in developing economies. Digital signage is used in and on all modes of public transportation to capture the attention of on-the-go viewers while also providing real-time location and context awareness related to traveler information and advertising. Furthermore, digital signage systems are quickly becoming a standard in many educational facilities, with schools and corporate campuses facilitating them.
In addition to all of these factors, increasing brand awareness and perception among global leaders is expected to drive market growth. However, digital signage boards consume a lot of electricity, which has an indirect impact on maintenance costs. This could stifle market expansion. The development and deployment of digital signage infrastructure for end-users on their own can be perplexing and requires expertise in a variety of areas, including IT, audio-visual, software, mechanical, and display technologies. Reduced infrastructure complexity necessitates vendors to eliminate frequent compatibility and interoperability issues between media players and displays, thereby increasing competitiveness and performance for a broad range of end-users.
The report aspects discussed the profile of the top manufacturers of the global Digital signage market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Digital signage Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Top Key players in the Digital Signage Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Digital Signage Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview (CVTE), Cisco Systems Inc, Marvel Digital, ViewSonic Corporation, Volanti Displays, ADFLOW Networks, BrightSign, Intel Corp., KeyWest Technology,Microsoft Corp.,Omnivex Corp.,Winmate, iSEMC (HHSD Technology), Koninklijke Philips N.V. and others.
Digital Signage Market is segmented based on the type, applications, companies and regions.
By Type, Digital Signage Market has been segmented into
The end user’s industry application on Digital Signage Market is
By Component, Digital Signage Market has been segmented into
By Technology, Digital Signage Market has been segmented into
The report offers an in-depth assessment of the growth and other aspects of the Digital Signage Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Digital Signage Market, by region, has been segmented into North America, Europe, Asia-Pacific, the rest of the world. North America accounted for the largest market share of in 2019; the Digital Signage Market is expected to register a significant CAGR during the forecast period.
Europe was the second-largest market in 2019. The rising penetration of the Internet across the European nations is one of the major factors contributing to the growth of the regional digital signage market. The Western European region, which includes countries such as the UK, Germany, Spain, and France, accounts for a strong share in the media advertising market.
Report Attributes |
Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 11.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview (CVTE), Cisco Systems Inc, Marvel Digital, ViewSonic Corporation, Volanti Displays, ADFLOW Networks, BrightSign, Intel Corp., KeyWest Technology,Microsoft Corp |
Regions Covered |
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Countries Covered |
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Base Year |
2022 |
Historical Year |
2017 to 2021 |
Forecast Year |
2022 to 2027 |
Customization Available |
Yes, the report can be customized as per your needs |
Key Takeaways from this Digital Signage Report
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
The Relay Market is studied from 2022 - 2027.
What is the growth rate of Digital Signage Market?
The Relay Market is growing at a CAGR of 11.2% over the next 5 years.
Who are the key players in Digital Signage Market?
Samsung Electronics, LG Electronics, Philips, Toshiba, Daktronics, Sony, Panasonic, NEC Display, Sharp, Planar Systems (Leyard), Mitsubishi, Chimei Innolux (CMI), Advantech, Goodview (CVTE), Cisco Systems Inc, Marvel Digital, ViewSonic Corporation, Volanti Displays, ADFLOW Networks, BrightSign, Intel Corp., KeyWest Technology,Microsoft Corp
What region does this Digital Signage Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Digital Signage Market?
Video Walls, Video Screen, Transparent LED Screen, Digital Poster, Kiosks, Others
What are the major end-use applications of Digital Signage Market?
Hospitality, Entertainment, Stadiums and Playgrounds, Corporate, Banking, Healthcare, Education, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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