Uploaded on Oct 14, 2020
Displays play a major role in the overall digital signage market. Display technologies such as LCD, LED and projection are widely used. Currently the market for LCD is high, however with the growing adoption of LED display panels, the market for LED display is anticipated to gain traction during the forecast period.
Digital Signage Market
Digital Signage Market
Set to Exceed USD 34.9 Billion by 2026 | CAGR 8.3%
“Digital Signage Market [By Display Technology (LCD, LED,
Projection); By Type (Digital Posters, Kiosks, Transparent
LED Screens, Video Screens, Video Walls); By Component
(Hardware, Software, Services); By Installation (Indoor,
Outdoor); By End-use (Banking, Corporate, Education,
Healthcare, Retail, Transportation, Hospitality, Government,
Others); By Regions]: Market Size & Forecast, 2018 – 2026”
Digital Signage Market Estimate & Forecast to 2026
According to a new study published by Polaris Market Research the global digital signage market is
anticipated to reach USD 34.9 billion by 2026. Digital signage helps the companies to promote their
products and services using creative ideas, thus reaching out to a large number of audiences at a single
time. Digital signages uses audio visuals, thus eliminating the need for printed materials. They are also
used for information sharing with the help of self-service kiosks and information kiosks. Different industry
verticals are adopting to this technology, owing to its cost effectiveness and due to the ease of content
sharing. The data on digital signages can be shared simultaneously to different screens installed at
different locations, thus reducing the time and cost and helps in providing better control over the data
displayed. Due to these advantages, the market for digital signage is projected to gain traction over the
forecast period.
Displays play a major role in the overall digital signage market. Display technologies such as LCD, LED
and projection are widely used. Currently the market for LCD is high, however with the growing adoption
of LED display panels, the market for LED display is anticipated to gain traction during the forecast
period. This is majorly due to the flexibility, brightness and clarity which these LED screens provide. There
are different types of digital signages which are being used in the market which include transparent LED
screens, video walls, video screens digital posters and kiosks.
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Digital Signage Market Scope
By Display Technology By Type By Component By Region Report Attributes
LCD Digital Posters Hardware North America Historic year: 2015-2016
LED Kiosks Software Europe Base year: 2017
Projection Transparent LED Screens Services Asia Pacific Forecast Year: 2018-2026
Video Screens Latin America Middle East Revenue ((USD Billion)
Video Walls & Africa
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Digital Signage Market Estimate & Forecast to 2026
Digital signage components which include hardware, software and service are also gaining a good
traction in the market. Hardware is one of the crucial component for digital signage, since it is used for
displaying the information. This hardware is expensive and majorly include screens, connectivity
hardware and sensors.
Retail sector is one of the largest adopter of the digital signage technology followed by banking,
transportation, government and hospitality industry. This adoption by the retail sector is due to the
increasing need and requirement of the retail stores to promote their products, service, offerings in a
more attractive way to attract more customers. Along with this sector, the transportation vertical
incorporates the use of computerized advertising and screens at airplane terminals, railroad stations,
metro platforms, and transport stands. Furthermore, the digital screens are additionally utilized on the
streets, over and inside taxis, public transport systems, and on terminals for information sharing as well
for advertisements. This increased usage and application in different verticals is boosting the global
market for digital signage.
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Digital Signage Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
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