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Study: Digital signage market to be worth $29B by 2024

October 27, 2016

The global digital signage market is expected to reach more than $29 billion by 2024. Retail and health care will be the key drivers of growth in the market over the next eight years, according to a study by Grand View Research Inc.

LCD technology accounted for more than 50 percent of all revenue for the digital signage market in 2015. Retail also claimed more than 40 percent of signage revenue. North America currently has the largest market share at 35 percent, according to the study.

The study also examines key trends in the industry, such as the growth of 4K and 8K displays, Internet-of-Things connectivity and increasing consolidation within the industry due to several joint ventures and mergers such as LG Electronics and MRI.

The study is available for download here. http://www.grandviewresearch.com/industry-analysis/digital-signage-market