Display Technology

Digital signage market expects to grow to $45.30B by 2030

Photo: iStock

March 9, 2022

The global digital signage market is expected to grow to $45.33 billion by 2030, according to a new report by Grand View Research, a market research firm.

The digital signage market should see a CAGR of 7.7% over the forecast period due to increasing demand from end-use industries, which include retail and healthcare.

Other key findings from the report include:

• LED digital signage dominated the global market in 2021 and accounted for the largest revenue share.
• Retail and transportation segments accounted for significant revenue shares in 2021 and are projected to expand further at steady CAGRs over the next nine years.
• The healthcare sector has significant potential as hospitals have increasingly incorporated digital signage for numerous purposes, such as sharing registration information, displaying notifications and conveying wellness tips for improving patient health.

The transparent LED screen segment is anticipated to see significant growth owing to high demand on account of LED screens' energy efficiency and emerging touchscreen displays with multi-touch technology.

Interactive apps for kiosks and other digital signage products are projected to spur the growth of the software segment. The out-store segment is anticipated to witness considerable growth over the forecast period owing to the surging demand from out-store applications.