Global Digital Signage Market Size Was Valued at $16.3 billion in 2021 and is Projected to Reach $27.8 billion by 2026

September 16, 2021, New York, USA - Digital Signage: Introduction 

Digital signage is also called electronic signage. Digital Signage refers to display technologies like LED Walls, video walls, and LCD monitors to vividly display webpages, projections, directions, videos, restaurants menus, marketing messages, or digital menus.

Digital Signage is nothing but the digital installation that shows videos or multimedia content for advertising or information purpose. 

Digital Signage can be found everywhere, such as you might have seen advertisements at the bus station, at the airport, at the supermarket, at the museums, and in the fast-food restaurant.

Digital Signage Solutions Components:

Display (HD digital screen)

Network (LAN and/ or WAN, wired or wireless)

Analytics software

Digital signage content management system (CMS)

Content (video, graphics, web feeds, and more)

Digital signage media player       

How does Digital Signage work?

The working system of digital signage takes place by delivering and displaying content such as digital images, videos, streaming media, and information. The displayed content is entered, and the scheduled information is edited in the content management system. 

The data is collected in the CMS and allocated to the media players. Each player then serves the content according to the scheduled time, and the digital display is updated accordingly.    

Benefits of Digital Signage:

Attention: Grabbing Display:

It is the most customizable form of publicity and the virtual assurance that message will be seen by targeted audiences. Merchant can use the same digital interface to create an eye-catching display to showcase brands or services, which will ultimately drive sales and boosts revenue margin.

Expand Your Territory:

Digital Signage can be installed in any part of the world. It gives you global recognition and benefits for the branding process. This can easily improve your sales and benefit your business to reach greater heights. 

Handling is Easy and Convenient: 

Customer preferences and requirements can be changed at regular intervals, so you have to change your advertising plan as well. 

With the help of digital signage, you can easily change the advertising content at any hour of the day. 

Wider Reach and Engagement:

Digital signage benefits are not limited to the in-store facility, but it will help you top attract a wide set of audience and viewers.

Long-Lasting Impression:

Human nature has a tendency to grasp videos than texts. It is essential to give your customer something that will intensify their purchase intentions.  

When customers see your ads campaign, which is created on digital signage, they will tell others about your brand. This is how the word will be circulated among your target audience. 

Digital signage consists of a combination of content, graphics, display movement, etc., which makes digital signage an ideal choice for promotions and marketing.  

The Global Digital Signage Market Dynamics:

Driver: Digital signage adaptation in commerce applications

Due to the increasing use of digital signage in commercial spaces such as restaurants, hotels, and other public spaces, the digital signage market is experiencing significant growth.

Digital signage can be used in commercial applications to allow businesses to reach customers efficiently and effectively. This will increase brand awareness, improve the operational efficiency of businesses, catch the attention of passers-by and promote new products on the market. It also enhances customer experiences.

Restraint: The COVID-19 further stimulates the pre-eminent trends in online advertising and broadcasting.

The future growth of digital signage will be hindered by the increasing spending of leading retailers and suppliers on broadcast and online advertisements. Globally, the number of people using the Internet is increasing rapidly. Advertising companies are targeting large audiences through online promotions.

After the COVID-19 outbreak, the adoption of internet advertising and broadcasting methods increased. The significant growth in global ad-spend stimulated digital-ad innovation is due to internet advertising. Companies around the globe are motivated to spend more on Internet advertising than their stationary or physical counterparts.

The Key Market Segmentation of the Global Digital Signage Market: 

The Global Digital Signage market can be broken down into Product Types, Component, Technology, Application, Location, Size, and Geographical Landscapes, etc.

Global Digital Signage Market Segmentation By Product Type:

Video Walls

Video Screen

Transparent LED Screen

Digital Poster

Kiosks

Others

Global Digital Signage Market Segmentation By Component:

Hardware

Software

Services

Global Digital Signage Market Segmentation By Technology:

LCD/LED

Projection

Others

Global Digital Signage Market Segmentation By Application:

Retail

Hospitality

Banking

Healthcare

Education

Transport

Others

Entertainment

Stadiums and Playgrounds

Corporate

Global Digital Signage Market Segmentation By Location:

Indoor

Outdoor

Global Digital Signage Market Segmentation By Size:

Below 32 Inches

32 to 52 Inches

More than 52 Inches

Global Digital Signage Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Major Key Players in the Global Digital Signage Market Are:

Samsung Electronics

LG Electronics

Goodview (CVTE)

Cisco Systems Inc

Marvel Digital

Philips

Toshiba

Daktronics

Sharp

Planar Systems (Leyard)

Mitsubishi

Chimei Innolux (CMI)

Sony

Panasonic

NEC Display

Advantech

Opportunity and Challenges of Global Digital Signage Market:

Opportunity: There is a growing demand for contactless engagement during the COVID-19 era.

Businesses have been encouraged to use voice-based interfaces that use audio/video (AV) interactions in physical places like restaurants, shops, airports, museums, and other public places to better understand consumers' needs.

Smart digital signage is being used by many consumer-oriented businesses to create personalized and contextual interactions. Temperature-sensing digital signage kiosks are being used by businesses. These kiosks have large screens that display dynamic digital information, such as wait times, rules, instructions, and other pertinent information. They also come with optional touch-free dispensers, temperature monitors, etc.

Challenges: Develop robust digital signage that can withstand harsh environmental conditions.

Indoor and outdoor digital signage can be used. They can be used as billboards, signboards, or kiosks in outdoor applications. Extreme weather conditions like rain, snow, dirt, and extreme temperatures can have an adverse effect on the performance of digital signage.

Thermal management problems can also be a problem with digital signage that is exposed to direct sunlight for long periods of time. These issues can cause displays to become less durable or worsen their performance. To manage heat build-ups in digital signage, it is crucial to use cooling filters and thermal control software.