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Global digital signage market to be worth $27.34B by 2022
July 5, 2016
A Research and Markets report, "Digital Signage Market — Global Forecast to 2022," states that the digital signage market was valued at $16.88 billion in 2015 and is expected to reach $27.34 billion by 2022, at a compound annual growth rate of 6.7 percent during the forecast period, according to a press release from Research and Markets.
The growth of this market is propelled by the increasing demand for digital signage in public and commercial sectors along with its cost effectiveness and assured return on investment. The demand for digital signage in the market is also fostered by emerging technologies used in displays, including the increasing usage of high-brightness displays in out-of-home advertising applications and emerging ultra-narrow bezels and 4k displays in the market.
The scope of the report covers the digital signage market segmented on the basis of product, offering, application and geography. On the basis of product, the digital signage market is segmented into kiosks, menu boards, billboards, signboards and others, the release said. Kiosks held the largest share of the global digital signage market for products in 2015, while the market for signboards is expected to grow at the highest rate during the forecast period.
Key players in the digital signage market profiled in the report are as follows:
- ADFLOW Networks Inc
- AU Optronics Corporation
- LG Display Co Ltd.
- NEC Display Solutions Ltd.
- Omnivex Corporation
- Panasonic Corporation
- Planar Systems Inc
- Samsung Electronics Co Ltd.
- Sharp Corporation
- Sony Corporation
Included In This Story
Omnivex
Omnivex digital signage software enables organizations to collect, present, and share information in real-time, on any screen.
Planar
When Image Experience Matters
Planar is a global leader in display and digital signage display technology, providing premier solutions for the world's most demanding digital signage environments.
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