Global Digital Signage Market is projected to reach USD 29,939.6 million by 2024, according to a new study by Grand View Research, Inc. Growing demand from end-use industries such as retail and healthcare is expected to drive industry growth over the next eight years. Creating and distributing content via digital signage serves as an effective marketing strategy for enterprises as it has a capability to reach large audience. This is anticipated to spur adoption particularly in the corporate sector. Larger screen sizes such as those over 50-inch displays are anticipated to gain popularity over the forecast period.
Digital displays with 4K technology is on the rise to address growing demand for image with high sharpness. Software providers have been targeting the new entrants by designing solutions compatible with Android OS. The emergence of IoT paired with increasing adoption of cloud computing is expected to enable collection of vital operational and marketing data. Use of digital signage drops the company’s long term operational cost by reducing the use of paper for advertising and incorporation of LED backlit panels have resulted in considerable energy savings which reduces the operational cost of an enterprise.
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Further key findings from the study suggest:
View Blog on Digital Signage Market by Grand View Research: http://www.grandviewresearch.com/blog/digital-signage-a-better-alternative-to-print-advertising
Grand View Research has segmented the global digital signage market on the basis of product, application, and region:
Digital Signage Technology Outlook (USD Million; 2014 – 2024)
Digital Signage Application Outlook (USD Million; 2014 – 2024)
Digital Signage Type Outlook (USD Million; 2014 – 2024)
Digital Signage Component Outlook (USD Million; 2014 – 2024)
Digital Signage Regional Outlook (USD Million; 2014 – 2024)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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