Report: Digital signage software market to hit $9.2B by 2023
The digital signage software market is expected to reach $9.24 billion by 2023, up from $4.48 billion in 2016. The market is expected to grow at a compound annual growth rate of 10.2 percent from 2016-2023, according to a report by Research and Markets.
This growth is being driven by a number of factors including increased demand for digital signage, OLED displays and energy-saving devices. Despite this growth, there are still key challenges, such as a lack of standardization and awareness of the technology.
Another challenge in the market is how to build displays that can withstand all types of weather. Technologies such as touchscreens and near-field-communication have also created opportunities in the market.
The report is available for download here. https://www.researchandmarkets.com/research/j8bwbg/digital_signage