Digital Signage Market 2018 Global Expected to Grow at CAGR of 6% and Forecast to 2022
(firmenpresse) - Market Highlights
Digital signage is an innovative technology, enabling the display of multimedia content in urban places. It promotes awareness and advertisements. The content is displayed on a huge digital screen; such as LCD, LED, and OLED. Digital signage is adopted in public spaces, transportation systems, exhibitions, outdoor advertising, hotels, restaurants, etc.
The need to drive the band value across the entire selling process has led companies to strategize in a way that optimizes most mediums. Reports that deliver insights into the semiconductor and electronics industry has been presented by Market Research Future, which creates reports on industry verticals that judge the market progress and options for growth. An income level worth USD 26.3 Billion is foreseen to be achieved by the market with the aid of a 6 % CAGR.
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Detailed Regional Analysis
The regional exploration of the digital signage market includes regions such as the Americas, Europe, the Asia Pacific, and the other regions in the world. According to the report, the North American region is foreseen to command the digital signage market with the primary market stake due to the occurrence of a huge network that is retained by the organizations in the region. The Asia Pacific countries such as China, Japan, and South Korea have a good share in the digital signage market through the course of the forecast period. The study also discloses that the Asia Pacific region is expected to present an optimistic growth in the digital signage market throughout the forecast period.
Competitive Analysis
The enhancement of production resources is expected to create a favorable impetus for the advance of the market. The contenders in the market are crafting their strategy in a way that supports optimum profits and resource utilization. The development of more integrated supply channels is anticipated to provide an upper hand to the market contenders in the forthcoming period. The governmental bodies around the world are increasing their contribution to market development. The improvement in international trade is expected to further develop the development of the market in the coming years. The stabilization of export trends in the international market is expected to further encourage the market’s development in the coming period. The amplification in the number of investments is predicted to motivate the market considerably in the coming years. The presence of apt investments or funding is expected to motivate the progress of the global market in the forecast period.
The exceptional companies in the digital signage market are Samsung Corporation (South Korea), NEC Display Solutions Ltd (South Korea), Hewlett-Packard Company (U.S.), 3M Co. (U.S.), Bright Sign LLC (U.S.), Cisco System Inc. (U.S.), Panasonic Corporation (Japan), LG Display Co. Ltd. (South Korea), Ad flow Networks (Canada), and Omni Vex Corporation (Canada), among others.
Segmentation:
The digital signage (head-up display) industry is fragmented into products, technologies, components, applications, and regions.
Products - Kiosks, Billboards, Signboards, Menu Boards, and Others.
Technologies - LCDs, LEDs, OLEDs, and Front Projection.
Components - Hardware, Software, and Services.
Applications - Entertainment, Transportation, Retail, Healthcare, Banking, Education, Government, and Others.
Regions - Asia Pacific, Americas, Europe, and the Rest of the World.
Industry Updates:
Dec 2019 Psycho Bunny, a clothing brand for men's contemporary and golf attires, has included iGotcha Media's digital signage solution at more than a few of its stores across the US. The company chose iGotcha Media to run the content for displays alternating from 55-inch LG LCD displays toward 14 by 7.88-foot Absen LED displays.
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Unternehmensinformation / Kurzprofil:
Datum: 09.09.2020 - 13:04 Uhr
Sprache: Deutsch
News-ID 619150
Anzahl Zeichen: 4231
contact information:
Contact person: Ehtesham Peerzade
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Phone: 16282580071
Kategorie:
Business News
Typ of Press Release: Financial
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