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Digital signage market size forecast to exceed USD 23.02 billion by 2023

Digital signage market size was over USD 15 billion in 2015. Latest global digital signage market research forecasts 5.2% CAGR growth from 2016 to 2023; as per a new research report by Global Market Insights, Inc.<br>Lower paper wastage coupled with LED backlit panel integration has led to significant energy savings, driving digital signage market growth. The emergence of Internet of Things (IoT) has the potential to transform the technology from mere content displayers to a hub capable of collecting operational data via cloud computing. <br>Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/392<br>

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Digital signage market size forecast to exceed USD 23.02 billion by 2023

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  1. Digital signage market size forecast to be valued at USD 23.02 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Digital signage Market: • Global digital signage display market size was USD 6.07 billion in 2015, with revenue expected to hit USD 9.3 billion by 2023, at 5.5% CAGR from 2016 to 2023. • Asia Pacific digital signage market share is forecast to grow at 6.5% CAGR from 2016 to 2023. Developments in the government and educational sector along with enhanced user experience, infrastructure development, and decreasing display panel prices are forecast to propel growth. • Organizational use cases include navigation, communication, point of sale (POS), point of transit (POT), promotion and advertising, and infotainment. • Increased demand in healthcare services has contributed substantially towards technology implementation. Current healthcare IT trends include deployment of EMR (electronic medical records). The segment is forecast to surpass USD 850 million by 2023, with 7% CAGR estimations from 2016 to 2023.

  3. Continued... • LED is the most attractive product segment, and is anticipated to gain share over the forecast timeframe. This can be attributed to high efficiency, low power consumption, and decreasing cost. • Expected competition between specialized vendors and new entrants is forecast to result in product innovation for achieving differentiation. Solution providers proactively participate in content development strategies as a majority of clients have limited experience in dealing with this medium. • Samsung, LG Corporation, AUO, and Innolux contributed significantly to digital signage market share in 2015. These systems have gained prominence in the corporate space owing to increased awareness of positive impact on brand awareness and perception and effective communication with employees. Evolution of digital campus has presented growth opportunities in the education space.

  4. Europe digital signage market size, by application, 2012 - 2023 (USD Million)

  5. Browse Full Market Research Report Digital Signage Market@ https://www.gminsights.com/industry-analysis/digital-signage-market Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/392

  6. 360° Analysis • Application Analysis • The Pharmaceutical Research and Manufacturers of America proposed revisions on its codes for interactions with health professionals and physicians which forbade pharmaceutical companies from following the standard practice of distributing clipboards, notepads, and branded pens to doctors for marketing their goods. The new regulations forced pharmaceutical companies to explore glasses-free 3D technology-based signage. • Regional Analysis • U.S. digital signage market size was USD 4.3 billion in 2015. Growing demand across application areas is expected to favorably impact the regional industry. • Positive application outlook coupled with enhanced user experience are major factors in Asia Pacific digital signage market analysis. Regional demand across the transportation sector is poised to grow at 7% CAGR from 2016 to 2023. • Competitive Market Share • Samsung, LG, AUO, Panasonic, and Innolux accounted for significant LCD panel market share in 2015. Scala was one of the digital signage market leaders in terms of software in the same year. • Specifically designed hardware display panels are expected to be rivaled by consumer televisions, which are priced relatively lower. On-vehicle is poised to be an expanding application area, wherein public transit vehicles are equipped with display panels.

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