Press release
Digital Signage Market Size on Track to Reach US$ 33.28 billion by 2031 at an impressive CAGR of 7.9%
Market - Global Analysis and Forecast to 2031", the global wearable technology market is expected to reach US$ 33.28 billion in 2031, registering a CAGR of 7.9% during the forecast period 2023 to 2031.
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The digital signage market has witnessed significant growth in recent years, driven by rising digitalization, the growing adoption of digital signage in the educational industry, and the increasing demand for real-time updates and targeted messaging among businesses. Expanding education, entertainment, healthcare, and retail industries are boosting the market. Furthermore, growing technological developments such as artificial intelligence (AI) and big data analytics are emerging as trends for market growth. However, the growing popularity of online advertising and the development of 8K displays are providing lucrative growth opportunities for the market.
Key segments that contributed to the derivation of the digital signage market analysis are component, display type, display size, and application.:
• Based on component, the digital signage market is divided into hardware, software, and service. The hardware segment held a larger market share in 2023.
• By display type, the market is segmented into LED, LCD, OLED, and others. The LED segment held a larger market share in 2023.
• On the basis of display size, the digital signage market is divided into less than 19 inches, 19-32 inches, 32-52 inches, and greater than 52 inches. The 19-32 inches segment is anticipated to expand during the forecast period.
• In terms of application, the digital signage market is segmented into retail, healthcare, corporate, hospitality, government, transportation, entertainment, BFSI, education, and others. The retail segment held a larger market share in 2023.
Market leaders and key company profiles
• IMicrosoft Corporation
• Cisco Systems Inc.
• Intel Corporation
• Panasonic Corporation
• Samsung Electronics
• LG Electronics
• Sony Corporation
• NEC Display Solutions
• Hewlett Packard Company
• Sharp Electronics
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Contact Person: Ankit Mathur
Sr. Vice President - Research
E-mail: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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