Hardware

Digital signage market to reach $27.8B by 2026

Image via iStock.com

March 2, 2021

The digital signage market will grow from $16.3 billion to $27.8 billion by 2026, according to a report by MarketsandMarkets. The market will also grow at a compound annual growth rate of 11.2% during the forecasted period.

The key drivers of this market are growing adoption of digital signage in commercial areas, infrastructure developments in emerging countries and growing demand for 4K and 8K resolution displays.

Key findings in the report include:

• Asia-Pacific region will hold largest market share in 2026.
• The outdoor segment will see the highest CAGR.
• The hardware segment will hold the largest market share in 2026.