Spain Digital Signage Market 2022-2028

Spain Digital Signage Market 2022-2028

Spain digital signage market is estimated to grow at a CAGR of 7.5% during the forecast period to reach over $800 million in 2028 from $480 million in 2021. Major factor augmenting the growth of the market in the country include growing banking sector, increasing media and entertainment industry, surging food retail industry among others. The banking industry in Spain expanded considerably during the country’s rapid economic growth earlier 15 years to the international financial crisis. It has forced the country to restructure and recapitalize its financial sector. The banking sector in Spain consists of twelve banking groups, representing over 90% of the industry, as of January 2021. Such groups comprise two savings banks, 63 cooperative banks, and 59 private banks each, according to the European Banking Federation. Due to improving economic infrastructure, a significant focus on the banking sector has resulted in a significant number of bank branches and thereby, to facilitate customers, the banks are focusing on enhancing customer experience. This is turn, is expected to surge the demand for digital signage across banking sector in the country.

Spain digital signage market is segmented on the basis of component type, product, application, and region. On the basis of component type, the market is divided into hardware and software. On the basis of the product, the market is classified into standalone display and video wall. Furthermore, the market is classified, on the basis of application, into commercial, industrial, infrastructural, and others. Commercial application of digital signage is estimated to be the fastest-growing segment during the forecast period. The segmental growth is attributed to the extensive application of digital signage displays for advertisement and for announcements in the commercial sector. The commercial sector includes retail, healthcare, hospitality, and government, with applications across hospitals, hotels, quick-service restaurants (QSRs), and malls.

Spain digital signage market is characterized with the presence of various players operating in the market. Some of the prominent players that contribute significantly in the market include Intuilab SAS, Sony Corp., Intel Corp., BenQ Corp., Barco NV, LG Electronics Inc., Panasonic Corp., and others. These players operate in very highly competitive environment and thus adopts various strategies to stay competitive in the market. Mergers and acquisitions, new product launch, geographical expansion, manufacturing capability expansion are some of the majorly adopted strategies by these market players.

Market Segmentation

1. Spain Digital Signage Market Research and Analysis by Component Type

2. Spain Digital Signage Market Research and Analysis by Product

3. Spain Digital Signage Market Research and Analysis by Application

The Report Covers

Comprehensive research methodology of Spain digital signage market.

This report also includes a detailed and extensive market overview with key analyst insights.

An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting Spain digital signage market.

Insights about market determinants that are stimulating Spain digital signage market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.