“Digital Signage Market (By Display- LCD, LED, OLED and QLED; By Application- Education, Healthcare, Commercial, Restaurants, and Others. By Revenue Source- Equipment, Software, Services) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025”, in terms of revenue, the digital signage market was valued at US$ 15.6 Billion in 2016, and is expected to reach US$ 28.7 Billion by 2025, expected to grow at a CAGR of 7.0% from 2016 to 2025.
Digital signage is a technology which uses LED, LCD, to display video, digital images, web pages, and streaming media. The rising demand for digitally enabled products is enhancing the market growth for digital signage. Digital signage can be also alternatively named as dynamic signage, narrowcasting or electronic signage, networks of digital display have been deployed in numerous banks, travel hubs, corporate headquarters so as to deliver entertainment and informative content to passers by. Factors such as availability of high speed data connection, large displays like plasma screens, LED panels have together made digital signage more eye-catching and powerful medium than before. Technological innovations such as LED and LCD are the major factors behind driving the display market. The rise in demand for attractive design, high picture quality and also high specification displays is enhancing the growth of the market. Moreover, with this in recent year’s improvement in public communication infrastructure is expected to boost the growth of the market during the projection period.