The Digital-Out-Of-Home (DOOH) market is experiencing significant growth, driven by advancements in digital technology and the increasing demand for dynamic advertising solutions. DOOH refers to digital media used for marketing and advertising purposes in public spaces, such as billboards, transit systems, and street furniture. The market is projected to grow at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030, reaching a market size of $35.8 billion by 2030.
The global DOOH market was valued at $18.2 billion in 2022 and is expected to expand significantly over the forecast period. The market is segmented by product type, application, end-use, and region. Key players in the market include JCDecaux, Lamar Advertising, Stroer, Daktronics, Clear Channel Outdoor, Focus Media, Global Media & Entertainment, Outfront Media, oOh!media, Sharp NEC Display, Samsung Electronics, Mvix, and Broadsign.
The DOOH market is being driven by several key trends, including the increasing adoption of programmatic advertising, the rise of smart cities, and the growing demand for real-time content. Programmatic advertising is expected to account for 40% of total DOOH ad spending by 2025, up from 25% in 2022. The rise of smart cities is also contributing to market growth, with governments and private companies investing heavily in digital infrastructure.
The DOOH market is highly competitive, with key players such as JCDecaux, Lamar Advertising, Stroer, Daktronics, Clear Channel Outdoor, Focus Media, Global Media & Entertainment, Outfront Media, oOh!media, Sharp NEC Display, Samsung Electronics, Mvix, and Broadsign dominating the market. These companies are focusing on strategic partnerships, mergers and acquisitions, and technological innovations to strengthen their market position.
Recent developments in the DOOH market include the introduction of new regulations aimed at reducing light pollution and energy consumption. For example, the European Union has implemented stricter guidelines on outdoor advertising, which is expected to drive the adoption of energy-efficient digital screens. Additionally, several companies have announced new product launches and partnerships. For instance, JCDecaux recently partnered with a leading technology firm to develop AI-powered digital billboards, while Clear Channel Outdoor has expanded its programmatic advertising capabilities.
The DOOH market is expected to continue its strong growth trajectory over the forecast period, with the following segment forecasts:
The Digital-Out-Of-Home (DOOH) market is poised for significant growth over the next decade, driven by technological advancements, increasing demand for dynamic advertising solutions, and the rise of smart cities. With a projected market size of $35.8 billion by 2030 and a CAGR of 10.5%, the DOOH market offers substantial opportunities for key players and new entrants alike. As the market continues to evolve, companies will need to focus on innovation, strategic partnerships, and compliance with regulatory requirements to maintain a competitive edge.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook