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Digital Signage Market Trends

  • Report ID: GMI392
  • Published Date: Aug 2024
  • Report Format: PDF

Digital Signage Market Trends

The digital signage industry is experiencing significant growth, driven by advancements in display technologies and the increasing demand for dynamic and engaging visual communication. The evolution of technologies such as OLED, microLED, and high-resolution displays has enhanced the appeal of digital signage, making it a preferred choice for businesses across various industries. For instance, in March 2023 , LG Electronics launched its first 4K digital signage projector, the LG ProBeam BU70QGA, featuring 7,000 ANSI lumens brightness and 4K UHD resolution. Suitable for diverse environments, it supports edge blending for panoramic images and includes advanced features such as Auto Screen Adjustment and webOS 6.0. The projector is designed for professional, high-quality AV applications. These technologies not only improve visual quality but also offer energy efficiency, which is crucial for long-term sustainability. As businesses seek to attract and engage customers with vibrant, interactive content, the adoption of digital signage continues to expand, creating new opportunities for market participants.
 

The future of the digital signage market remains promising, particularly with the growing integration of digital signage in smart cities and infrastructure development. The trend towards creating smart environments in urban spaces has led to the adoption of digital signage in public areas, transportation hubs, and commercial districts. These installations provide real-time information and advertising, enhancing the overall urban experience. As more cities and businesses recognize the value of digital signage in improving communication and customer engagement, the market is expected to continue its upward trajectory, with innovations in technology and content management driving further growth.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for digital signage was USD 20.5 billion in 2023 and is anticipated to grow at over 7.5% CAGR between 2024 and 2032 led by innovations to offer superior color accuracy, contrast ratios, and thinner profiles

The retail application segment in the digital signage market is expected to exceed USD 13.2 billion by 2032 as it enhances customer engagement and drives sales by displaying targeted promotions and interactive content.

North America industry held over 38% share in 2023 driven by the presence of key industry players and the high demand for advanced advertising solutions.

Samsung Electronics, LG Electronics, NEC Corporation, Sony Corporation, Sharp Corporation, Panasonic Corporation, Cisco Systems, BrightSign LLC, Scala, Inc., Navori Labs, Daktronics, and Visix, Inc.

Digital Signage Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 492
  • Countries covered: 22
  • Pages: 272
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