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digital signage market share to reach $23bn by 2023 - digital signage media player
Industry Overview report "digital signage market size in various application fields (
Banking, business, education, medical, retail, transportation)
Through Display Technology (
LCD, LED, front projection)
Industry analysis report and Regional Outlook (U. S.
Canada, Mexico, Europe, Asia Pacific, South America, MEA)
2016-application potential, price trends, competitive market share and forecast
2023 ", the global digital signage market in 2015 is projected to exceed $15 billion, and may exceed $23 billion in revenue by 2023, due to increased demand for digital feature products with enhanced content
Innovation in display production technology has led to a sharp drop in prices, which is expected to have a positive impact on the trend of the global digital signage industry.
Software dealers are increasingly focused on entry-level products.
It is predicted that the use of flip clamp technology can well dissipate heat, reduce LED failures and provide large angle lighting, thus reducing the market price trend of digital signage.
However, the lack of standards between the two devices to ensure interoperable is one of the key challenges of industry growth.
Thanks to interface compatibility, creating advanced solutions with already available commercial media players and monitors is a key threat to industry growth.
Production and distribution of content through digital signage technology is fast and cost effective.
For example, the hotel can use digital signage to promote its shopping facilities, catering services and entertainment facilities.
Sample requests @ application trends for this study report the industry is divided into various applications such as retail applications and healthcare applications.
Retail applications account for more than 40% of the global industry, accounting for 2015.
It is predicted that it will continue its dominance in the future.
The healthcare sector provides a positive regulatory scenario for industry growth.
It is predicted that it will reach a compound growth rate of 7% in the predicted time frame.
Pharmaceutical Research and Manufacturers in the United States have developed such regulations that prohibit pharmaceutical companies from following the traditional practice of distributing notebooks and brand pens to doctors to market their products.
New rules force these companies to explore digital signage based on 3D technology as a viable marketing tool.
In addition, this technique, through entertainment, inhibits the anxiety of patients and helps reduce the perceived waiting time of patients.
Display technology trends LCD Display technology accounts for more than 55% of the industry share of 2015, but is expected to grow at a rate lower than the global average during the forecast period.
Large screen sizes like those larger than 50 inch of the display are expected to receive higher acceptance within the predicted time frame.
In contrast, small displays are expected to lose their share of the industry due to falling LCD costs and rising digital signage market size.
The LED display is an attractive market segment for the future CAGR forecast of more than 6%.
Inquiry to buy this report @ regional trend AmericaS.
The digital signage market is $4.
4 billion for 2015
The growth of demand in various application areas is expected to have a positive impact on industry growth in the region.
Good Application Overview and improved user experience are key factors driving industry growth in the Asia-Pacific region.
It is expected that during the forecast period, the regional demand for digital signage in the transportation sector will reach a compound annual growth rate of about 7%.
The main leaders of competitive trends introduced in the report include Panasonic, Samsung Electronics, LG Electronics, NEC Display Solutions Co. , Ltd. , Scala, Adflow network, Cisco Systems, KeyWest technology company Microsoft, brightSign LLC, Intel, Omnivex, Polk Audio and Winmate communications.
In today’s fast-paced digital world, traditional signage is no longer enough. Businesses, schools, and public organizations are rapidly shifting toward digital displays as a more dynamic, efficient, and engaging way to communicate with their audiences.
At ITATOUCH, we specialize in high-quality digital display solutions that combine advanced technology with sleek design. Our displays are widely used in education, retail, hospitality, transportation, and government sectors.
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