Digital Signage Market to Garner $32.12 Billion, Globally, by 2026 at 8.1% CAGR, Says Allied Market Research

Surge in demand for bright & power-efficient display panels, rapid digitalization & decline in demand for traditional billboards, and rise in craze for 4K and Ultra-HD Devices fuel the growth of the global digital signage market

PORTLAND, Oregon, Feb. 6, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Digital Signage Market by Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2019–2026." As per the report, the global digital signage industry was estimated at $17.23 billion in 2018 and is anticipated to register $32.12 billion by 2026, registering a CAGR of 8.1% during the period 2019 to 2026.

Drivers, Restraints and Opportunities

Increase in demand for bright & power-efficient display panels, rapid digitalization & decline in demand for traditional billboards, and surge in craze for 4K and Ultra-HD Devices drive the growth of the global digital signage market. On the other hand, deployment of widescreen alternatives impedes the growth to some extent. However, emerging display technology such as micro LED & quantum dots, and increase in preference toward large-screen displays are expected to create an array of opportunities for the key players in the industry.

To Explore, Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1028

The Hardware Segment Garnered the Lion's Share in 2018
Based on offering, the hardware segment contributed to nearly three-fourths of the global digital signage market share in 2018, and is expected to rule the roost during from 2019 to 2026. The same segment is also projected to grow at the fastest CAGR of 8.4% throughout the forecast period. This is due to increase in demand for digital signage in commercial verticals, rising retail space, and growing infrastructural development in emerging economic countries.

The Indoor Segment to Lead the Trail By 2026
Based on technology, the indoor segment held the major share in 2018, accounting for nearly three-fifths of the global digital signage market. This is due to rise in demand from small and medium enterprises across the world. At the same time, the outdoor segment would cite the fastest CAGR of 9.7% during the study period. This is attributed to implementation of new innovative features such as intelligent brightness control, which automatically controls the screen light on cloudy environment and is more efficient than previous displays. 

North America to Dominate in terms of Revenue
Based on geography, North America generated nearly two-fifths of the global digital signage market revenue in 2018, and is anticipated to retain its dominance by the end of 2026. Rise in hospitality, development of retail sector, and growing tourism in North America would increase the installation of digital signage in this province. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 11.0% throughout the estimated period. High demand for digital signage coupled with technological evolutions in the electronic sector boosts the growth of the market in the region.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/1028

Key Market Players

• Sony Corporation
• Planer System Inc.
• NEC Corporation
• Samsung Electronics
• Panasonic Corporation
• LG Electronics
• Volanti Displays
• iSEMC (HHSD)
• Koninklijke Philips N.V.
• ViewSonic Corporation

Access Avenue (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Similar Reports:

Interactive Display Market Expected to Reach $29.19 Billion By 2026

Flat Panel Display Market Projected to Hit $189.60 Billion By 2026

Interactive Kiosk Market Projected to Garner $29.14 Billion By 2026

Display Market Anticipated to Grow $206.29 Billion By 2025

3D Display Market Expected to Garner $193.23 Billion By 2023

Microdisplay Market Projected to Reach $3 Billion By 2022

Pre-Book Now with 10% Discount:

Display Panel Market: Global Opportunity Analysis and Industry Forecast By 2019 - 2026

Interactive Whiteboard Market: Global Opportunity Analysis and Industry Forecast By 2019 - 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Follow Us on LinkedIn and Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg