Global Outdoor Advertising Market Report 2023: Market to Reach $39.2 Billion by 2030 - Increased Digital Trend is Poised to Transform the Industry
DUBLIN, April 26, 2023 /PRNewswire/ -- The "Outdoor Advertising: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Outdoor Advertising Market to Reach $39.2 Billion by 2030
Traditional, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$28.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Digital segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Looking Ahead to 2023
With slower growth and high inflation, developed markets seem primed to enter into a recession. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 185 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/kutyxb
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SOURCE Research and Markets