Display Technology

Digital signage market to reach $41.55B by 2031

Photo: Adobe Stock

July 24, 2024

The digital signage market will grow from $17.77 billion in 2023 to $41.55 billion by 2031, according to data from SkyQuest. This represents a compound annual growth rate of 11.2% in the forecasted period, according to a press release.

Some key drivers of market growth include:

• Growing usage of large displays in retail, transportation and more.
• Growing integration for ATMs and banks.
• Advances in LCD/LED tech.
• Improvement in retail architectural.
• Personalized offers/content on digital signage.