Product ID: SQMIG45I2066
Report ID:
SQMIG45I2066 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
181 |
Figures:
79
North America is anticipated to be have significant growth and hold the largest market share during the forecast period. The region’s demand for technology solutions has indeed been sparked by the loss of mass media like broadcast and print. As digital billboards are widely used to advertise products and services and since the retail industry is growing, the market size estimations for digital signage systems in North America show a significant growth rate. Previously expensive equipment is now more commonly accessible thanks to technological advancements in display, communication, and monitoring. Due to the superior technology and research techniques in use by the companies, the United States is the biggest contributor to the global market for advertising on digital signage. Additionally, a rise in sales driven by the fast adoption of digital signs significantly aided in price reductions. Additionally, a number of municipal governments are attempting to implement the idea of smart cities; such developments support sales growth in North America.
The fastest-growing region is Asia-Pacific. It is anticipated that a growing number of countries, including Japan, Singapore, and India, can help to grow the Asia-Pacific digital signage market for brand promotion. Many advanced countries have moved mainly from traditional information analysis methods to a "more modern approach." This explains why this market is one of the most promising because consumers who are heavily targeted by technology advertising understand it. India is expected to hold the largest market share among all the nations in the region due to its greatest gem and jewelry sector.
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REQUEST FREE CUSTOMIZATIONGlobal Digital Signage Market size was valued at USD 15.98 billion in 2019 and is poised to grow from USD 17.77 billion in 2023 to USD 41.55 billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).
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Product ID: SQMIG45I2066