Global Digital Signage Market Research Report- Forecast to 2026

Global Digital Signage Market, By Product Type (Kiosks, Billboards, Signboards), By Technology Type (LCD, LED, OLED), By Component Type (Hardware, Software, Service) By Application (Transportation, Retail, Education, Government) - Forecast 2026

ID: MRFR/SEM/0596-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


Digital signage can be referred as electronic signage. A signage is the design or a group of signs and symbols used for marketing. Digital signs use technologies such as LCD, LED and projection to display content such as digital images, video, streaming media, and information. Digital signage are found in public spaces, transportation systems, museums, stadiums, retail stores, hotels, restaurants, and others to provide way-finding, exhibitions, marketing and outdoor advertising.


The study indicates that digital signage provides benefits such as no paper waste, audience engagement, overcoming spatial limitations, dynamic content control and cost-effectiveness, targeted content, interactive digital signage and others. These numerous benefits boosts the market. The study indicates that the increasing demand for digital signage in public & commercial sectors along with its cost effectiveness and assured return on investment is driving the  digital signage market growth. The study indicates that the rise in demand for infrastructure of in-store digital signage for making brand value, and growing digital technology. However, lack of technical expertise and high initial cost and lack of standardization are the major factors which are hindering the growth of digital signage market.


Global Digital Signage Market is expected to grow at USD 26.3 Billion by 2026, at 6% of CAGR between 2019 and 2026.


Study Objectives of Market



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the digital signage market.

  • To provide insights about factors affecting the market growth.

  • To analyze the digital signage market based porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future prospective.

  • To provide country level analysis of the market for segment on the basis of product type, technology type, component type, application and region.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in digital signage.


Digital Signage Market

  Digital Signage Market Size 2016-2022 (USD Billion)


Key Players


The prominent players in the digital signage market are – Cisco System Inc. (U.S.), Hewlett-Packard Company (U.S.), Samsung Corporation (South Korea), NEC Display Solutions Ltd (South Korea), Bright Sign LLC (U.S.), Panasonic Corporation (Japan), 3M Co.(U.S.), LG Display Co. Ltd. (South Korea), Ad flow Networks (Canada) and Omni Vex Corporation (Canada), among others.


Segments


The global digital signage market has been segmented on the basis of product type, technology type, component type, application type and region.


By Product Type



  • Kiosks

  • Billboards

  • Signboards

  • Menu Boards

  • Others


By Technology Type



  • LCD

  • LED

  • OLED

  • Front Projection


By Component Type



  • Hardware

  • Software

  • Service


By Application



  • Entertainment

  • Transportation

  • Retail

  • Healthcare

  • Banking

  • Education

  • Government

  • Others


Regional Analysis


The regional analysis of digital signage market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. North America is expected to dominate the market with the largest market share due to presence of large network which are owned by organization in the region. The study reveals that Asia-Pacific region is expected to show a positive growth in the Digital Signage market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the global market.


Intended Audience



  • Software investors

  • Security solution vendors

  • Digital Signage service providers

  • Value-added Resellers

  • Distributers

  • Investors and Venture Capitalist

  • Security Management Service Provider

  • Security Equipment Providers

  • Security Agencies

  • System Integrators

  • Research/Consultancy firms



Frequently Asked Questions (FAQ) :


The development in display technologies such as LCD, LED, and projection to show content are forecasted to benefit the market.

A 6% CAGR approx. is foreseen to boost the revenues of the market to USD 26.3 Billion by 2022.

The competitors operating the market are Hewlett-Packard Company (U.S.), Bright Sign LLC (U.S.), Samsung Corporation (South Korea), Cisco System Inc. (U.S.) and NEC Display Solutions Ltd (South Korea).

The elevated primary cost and absence of standardization are expected to pose certain restrictions to growth in the coming period.

The North American regions are expected to be motivated to assume the lead position by the presence of a large network in the region.