Digital Signage Market based on by Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and outdoor), Regional Outlook– Global Forecast up to 2030
In order to estimate the size of the digital signage market, the research study covered four primary actions. Extensive secondary research was conducted to gather critical information about the market and its peers. The next stage has been to validate these findings, assumptions, and sizing through primary research with industry professionals across the value chain. The market size has been estimated using both top-down and bottom-up methodologies. Following that, market segmentation and data triangulation were used to estimate the market sizes of segments and sub-segments.
Various primary sources from both the supply and demand sides were interviewed during the primary research to get the qualitative and quantitative insights needed for this study. Experts such as CEOs, vice presidents, marketing directors, equipment manufacturers, technology and innovation directors, end users, and associated executives from several significant firms and organisations active in the digital signage industry are primary sources from the supply side.
Various secondary sources were used during the secondary research process to discover and collect material for this study. Annual reports, press announcements, and investor presentations of firms, white papers, and articles from well-known writers are examples of secondary sources. Secondary research was primarily conducted to acquire critical information on the market's value chain, the pool of important market competitors, market segmentation based on industry trends, and regional outlook and advancements from both a market and a technological standpoint.
Digital signage is the use of digital signboards, billboards, and other similar display devices to provide visual information. Its major function is to disseminate information or commercial messages. The goal of digital signage is to deliver particular messages to specific groups of individuals, such as internal office teams, pupils at a school, or potential clients of a company.
This digital installation displays video or multimedia content for educational or promotional reasons. It shows digital photos, movies, web sites, weather data, restaurant menus, or text using technologies such as LCD, OLED, direct-view LED, micro-LED, and alternative displays such as projection cubes and e-paper.
Following the estimating procedure described above, the global digital signage market has been divided into many segments and sub-segments. The data triangulation and market breakdown techniques were employed whenever applicable to complete the whole market engineering process and arrive at the accurate numbers for all segments and sub-segments. The data was triangulated by looking at numerous aspects and trends on both the demand and supply sides. Both top-down and bottom-up methodologies have been used to validate the size of the digital signage industry.
The segmentation coverage of the study is provided below.
Digital Signage Market based on Offering:Hardware
Software
Service
Digital Signage Market based on Product:Single screen display
Video wall
Kisok
Digital Signage Market based on Location:
Indoor
Conference room
Office entrance
Classroom
Park
Others
Outdoor
Digital Signage Market based on End user:Retail
Education
Healthcare
Corporate
Stadium
Government
Others
Digital Signage Market based on Geography:North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Rest of Europe (RoE)
Asia Pacific (APAC)
China
Japan
India
Australia
South Korea
Rest of Asia Pacific (RoAPAC)
Latin America (LATAM)
Brazil
Argentina
Rest of South America
Middle East and Africa (MEA)
UAE
Turkey
Saudi Arabia
South Africa
Rest of Middle East & Africa
The digital signage market is divided into offering, product, location, end user, and geographic segments. The market is divided into three categories: hardware, software, and services. The market is divided into four components: hardware, content, software, and services. Maximum income is predicted to be generated by increasing demand for digital signage hardware until 2026. LCD/LED displays, media players, projector/projection screens, and other devices compose the hardware category.
In the following years, the digital signage content category is predicted to grow at an exponential rate. Providing relevant information is critical to creating long-term advertising impacts. The content of the digital signage is changed dependent on the reactions of the viewers. Contextual and interactive content are examples of digital material. As a result, there is a growing demand for more unique content to capture the attention of customers in a variety of businesses. In the future, market development may be hampered by a lack of interactive content or insufficient contextual material.
It is divided into three types based on the product: single screen display, video wall, and kiosk. The kiosk category is expected to expand the most over the projected period, owing to the increased implementation of digital kiosks in the retail industry. These digital kiosks are also used for ticketing, check-in, billing, and other banking and other applications.
The market is divided into two sections based on location: indoor and outdoor. Conference room, Office entrance, Classroom, Park, and Others are the subcategories of the indoor sector.
The study's end-users include retail, education, healthcare, business, stadiums, government, and others.
The worldwide digital signage market is examined across many regions, including North America, Europe, Asia-Pacific, and Latin America, with North America dominating the global market in terms of value and expected to continue this trend over the projection period.
Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sharp NEC Display Solutions, Ltd. (Japan), Leyard Optoelectronic Co., Ltd. (China), and Sony Group Corporation (Japan) are the leading digital signage firms. To increase their market position, these organisations have employed both organic and inorganic growth techniques such as product launches, collaborations, joint ventures, and partnerships.
This report illustrates the most vital attributes of the Digital Signage Market, which are driving and providing opportunities.
This research gives an in-depth analysis of the Digital Signage Market growth on the basis of several segments in the market.
This report presents the predictions of the past and present trends of the Digital Signage Market.
This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Digital Signage Market.