Digital signage market size forecast to exceed USD 23.02 billion by 2023 - PowerPoint PPT Presentation

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

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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. – PowerPoint PPT presentation

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


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 _at_ https//www.gminsights.com/indus
try-analysis/digital-signage-market Request
for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/3
92
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.


7
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