Digital Signage Market | High Growth of Retail Space to Boost the Market Growth | Technavio
The global digital signage market size is poised to grow by USD 10.01 billion during 2020-2024, progressing at a CAGR of over 8% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201015005593/en/
Technavio has announced its latest market research report titled Global Digital Signage Market 2020-2024 (Graphic: Business Wire)
The high growth of retail space across the globe has been identified as the crucial factor fueling the digital signage market growth. The increasing urbanization, growing disposable incomes, and the rise in demand for quality products are driving the retail industry growth in both emerging and advanced economies. With the expansion of the digital space, the adoption of digital signage will increase in the retail space. The digital signage solutions can be deployed as an integral part of the customer relationship management process as they enable effective information dissemination, create engaging customer experiences, and attract more customers. Consequently, the high growth of retail space will drive the digital signage market during the forecast period.
Register for a free trial today and gain instant access to 17,000+ market research reports.
High Growth of DOOH Signage will be a Key Market Trend
DOOH signage is an upcoming component in digital advertising, which is growing at an increasing pace and is one of the key digital signage market trends. DOOH signage is registering strong growth owing to the increasing number of public information displays (PIDs) being adapted for it. Companies such as SAMSUNG ELECTRONICS have developed high-performance outdoor displays for DOOH signage. Amscreen uses SAMSUNG ELECTRONICS' LTI750HF01 displays for its DOOH advertising, as these panel displays had operating specifications such as 178-degree wide view angle and supported multiple content formats.
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Digital Signage Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Competitive Advantages of Edge Analytics
Exhibitor Setup - Hall D