Digital signage market to hit $6.7B by 2025

The digital signage market is projected to develop by $6.71 billion by 2025 with the market’s progress momentum reaching 8.80% compound annual progress price, in response to a report from market analysis agency Technavio Insights.

The report particulars statistical qualitative and quantitative information on {hardware}, software program, and companies, software, retail, QSR and eating places, schooling, healthcare and others, in response to a press launch. The info revealed how areas internationally contribute to the market.

Further highlights embrace:

  • The excessive progress of retail house is notably driving digital signage market progress.
  • The foremost issue impeding market progress is the rising e-commerce market.
  • AU Optronics, Daktronics, E Ink Holdings, HP, LG Electronics, NEC, Panasonic, Samsung Electronics, Sharp, and Sony are just a few of the important thing distributors within the digital signage market.
  • 37% of the market’s progress will originate from Asian-Pacific nations throughout the forecast interval. China and Japan are the important thing markets for digital signage in Asia-Pacific. The area has been recording a major progress price and is predicted to supply a number of progress alternatives to market distributors throughout the forecast interval.
  • The digital signage market share progress by the {hardware} phase has been vital.

Key drivers and developments
There was a damaging impression available on the market progress post-COVID-19, in response to the report. Key components such because the growing adoption of digital signage in quite a few service sectors and the excessive progress of DOOH signage are notably driving the market. Nonetheless, improper digital signage implementation and cybersecurity points are some challenges anticipated to impede market progress.

The digital signage market is fragmented, and the distributors are deploying numerous natural and inorganic progress methods to compete available in the market.

Technavio, based in 2003, is headquartered in Elmhurst, Illinois.

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