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

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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
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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.

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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.

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

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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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