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Rising adoption of high-speed Internet, digital technologies, social media platforms, and strong distribution of multi-lingual content in the North America region propels the region to be the fastest growing market during the study period (2022–2030): MRFR
Digital Signage Market Overview
The global Digital Signage Market is projected to grow at a CAGR of 7.2% during the forecast period, 2022–2030.
Regional Analysis
The geographic analysis of the digital signage market has been conducted for the North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The digital signage market in North America is expanding with the increasing investments by key market players such as Sony, Panasonic, Intel, and Samsung. The region is a global hub for media and entertainment offerings for the film and television, music, social media, sports, arts, theater, and publishing segments. Additionally, the digital signage industry in the region generates revenue from strong news broadcasting services offered by various enterprises operating in the US, Canada, and Mexico. The regional market is likely to be driven by the rising adoption of high-speed Internet, digital technologies, social media platforms, and strong distribution of multi-lingual content.
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The rising penetration of the Internet across the European nations is one of the major factors contributing to the growth of the regional market. The Western European region, which includes countries such as the UK, Germany, Spain, and France, accounts for a strong share in the media advertising market. By delivering a variety of quality content to consumers, the media sector contributes heavily towards the European economy and holds immense potential for growth in the coming years. Growing access to the Internet in countries such as Russia, Denmark, Italy, and Sweden drive the digital signage interactive kiosk and billboards platforms in this region. The retail industry across the region also generates billions of dollars of revenue, promoting their products via interactive digital signage.
For analysis purposes, Asia-Pacific has been divided into China, Japan, India, and the rest of Asia-Pacific. China is expected to be the highest revenue-generating country due to heavy investments by the Chinese government. The key factor driving the growth of the digital signage market in this region is the presence of major media providers and the large population in the countries such as India and China, demanding high-quality media content.
The rest of the world is segmented into two major regions, including the Middle East & Africa and South America. The increasing demand for digital signage from the retail sector and increasing investment from the leading players drive the growth of the regional market. The use of OLED, gesture recognition, and interactive displays are the key technologies boosting the market growth.
In-depth Research Report (110 Pages) on Digital Signage Market: https://www.marketresearchfuture.com/reports/digital-signage-market-1102
Segmental Analysis
The global digital signage market has been segmented on the basis of product type, component type, technology, application, and vertical.
Based on product type, the global digital signage market is segmented into kiosks, billboards, signboards, menu boards)
Based on Component Type , the global digital signage market is segmented into hardware, software, services)
Based on technology , the global digital signage market is segmented into LCD, LED, OLED, Front Projection)
Based on application , the global digital signage market is segmented into outdoor, indoor
Based on vertical, the global digital signage industry is segmented into entertainment, transportation retail, healthcare, banking, education, and government).
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Competitive Analysis
In this study, MRFR has analyzed major players such as Cisco Systems Inc, Sharp Corporation, Panasonic Corporation, 3M Company, Sony Corporation, Intel Corporation, HP Inc, Samsung Electronics Co., Ltd, NEC Corporation, Toshiba Corporation, and LG Electronics that have contributed a significant share to the growth of the global digital signage market.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
