Digital Signage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Digital Signage Market is expected to register a CAGR of 8.63% during the forecast period (2021-2026). The impact of COVID-19 was different across the various regions. For instance, before the COVID-19 outbreak, a significant number of digital signages were used for basic digital poster purposes. Additionally, the cost was high in many of the European countries. However, in recent years, the screens have become cheap and are being used for other applications.
Key HighlightsThe digital signage market is a relatively fragmented market with major global players, like NEC Display Solutions Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Sony Corporation, covering the hardware end of the spectrum, while there happen to be several medium and smaller players who provide software for digital signage. Moreover, many players are entering the market offering unique product applications as niche players in the industry.
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