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Digital Signage System Market

Digital Signage System Market

Digital Signage System Market

Digital Signage System Market By Type (Indoor digital signage, Outdoor digital signage), Technology (LCD or Plasma, OLED and LED Display Technology), Software (Content Management Software, Distribution, Scheduling Software) & Region for 2022-2032

Digital Signage System Market Overview

The global digital signage system market is projected to record a CAGR of 11.5% from 2022-2032.

“The expansion of the market is aided by the rapid adoption of digital display devices and digital board content management systems. Contrary to the traditional signage materials such as paper and paint, digital signage systems aligns with the low-wastage goals of natural resources.”

Decline in price of display devices, rising scope of GPS market, increasing demand for digital out-of-home (DOOH) applications and a growing demand for additional integrated features in digital signage systems are expected to increase the scope of digital signage software market

A wired or wireless network connectivity platform enhances the system's capabilities by allowing it to communicate with other connected digital devices. Effective content and an easy-to-use content management system (CMS) are essential components of any digital signage solution for delivering real-time dynamic material.

Attributes

Details

Digital Signage System Market CAGR (2022-2032)

11.5%

Digital Signage System Market Size (2021)

US$ 16.8 Bn

How is the Global Digital Signage System Market Segmented?

"Retail signage, technology, and digital displays are key drivers to the digital signage system market growth.”

The digital signage system market on the basis of technology can be segmented into LCD or plasma, OLED and LED display technology. On the basis of software, the market can be divided into content management software, distribution and scheduling software.

On the basis of types, the digital signage system market can be segmented into indoor and outdoor digital signage. Based on application, the market can be divided into various verticals, such as corporate and commercial sector, manufacturing, educational institutes, government, banking and financial institutes, transportation, retail and wholesale, media and entertainment, and health care.

What Factors are Driving the Digital Signage System Market Growth?

 “Cloud-based digital signage systems and portable digital signage display with compact digital display are preferred, owing to their capabilities to deliver real-time content.”

The digital signage system reduces the use of traditional signage materials, such as paper and paint, making it more eco-friendly. It is suitable for advertising with a high target audience.

Additional capabilities, such as extending its digital display size by connecting to other multiple screens, real-time content update, remote access, monitoring and controlling, data transmission via compressed files, fan-less design to prevent malfunctioning, energy-saving, tamper-resistant, cost-effectiveness, dynamic and interactivity, are some of the key factors driving the adoption of digital signage systems.

Furthermore, the breadth of the digital signage software market is predicted to expand as the price of display devices decreases, the GPS market expands, demand for digital out-of-home (DOOH) applications grows, and demand for new integrated features in digital signage systems grows.

The digital signage market, on the other hand, faces a number of problems, including a high initial cost of installation, a large investment in maintenance, content creation, support, and hardware and software.

How is the Competition in the Digital Signage System Market?

“The combination of advanced digital signage solutions with corporate mergers create a multibillion-dollar market.”

Introduction of advanced digital signage solutions, collaboration with other organizations, joint ventures/partnerships, and acquisitions & mergers are a few strategies followed by key players operating in the digital signage system market.

For example, in 2014, Barco acquired X2O Media to expand its technology platform, connectivity capabilities and global presence, and strengthen its operations in the digital signage system market. Further, in April 2013, RMG Networks acquired an intelligent visual communication provider, Symon Communications, in order to strengthen its technological competencies and expand its digital signage offering and customer base.

North America and Europe have the greatest market share in the digital signage market among all regions. Due to the presence of rising economies such as India, China, Taiwan, and South Korea in this region, Asia Pacific is likely to grow rapidly during the forecast period, contributing more than 20% of the market share.

Key Segments

Attributes

Details

Forecast Period

2022-2032

Historical Data Available for

2014-2020

Market Analysis

US$ Bn for Value

By Technology

  • LCD or Plasma
  • OLED and LED Display Technology

By Software

  • Content Management Software
  • Distribution
  • Scheduling Software

By Type

  • Indoor digital signage
  • Outdoor digital signage

By Application

  • Corporate and Commercial Sector
  • Manufacturing
  • Educational Institutes
  • Government
  • Banking and Financial Institutes
  • Transportation
  • Retail and Wholesale
  • Media and Entertainment
  • Healthcare

Key Players

  • Cisco Systems, Inc.
  • Samsung Electronics Co. Ltd.
  • NEC Display Solutions, Ltd.
  • Broad Sign International, Inc.
  • Panasonic Corporation
  • Smart Digital Signage Inc.
  • Out Front Digital Communications
  • Israk Technology
  • Net Display Systems PADS
  • WinMate Communication Inc.
  • Visix, Inc.
  • Corum Digital Corporation
  • Almo Professional A/V
  • ADFLOW Networks
  • Mermaid vTouch Pro

Key Questions Answered in the Report

What is the Growth Scenario of the Global Digital Signage System Market?

The global digital signage system market is expected to register a CAGR of 11.5% from 2022 to 2032.

What was the Market Size of the Digital Signage System Market in 2021?

High adoption of digital signage system led to the market size of US$ 16.8 Bn in 2021.

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