The global Digital Signage market size is expected to be worth around US$ 48.23 billion by 2030, according to a new report by Vision Research Reports. The global Digital Signage market size was valued at US$ 31.49 billion in 2020 and is anticipated to grow at a CAGR of 10.5% during forecast period 2021 to 2030.
Growth Factors
The creation and distribution of content with digital signage are effective promotional strategies for enterprises, as they can reach out to a larger audience base. This is anticipated to spur the adoption of digitized marketing via signage across the corporate and hospitality sectors.
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Digital screens equipped with 4K technology have high demand as they offer enhanced displays. Thus, the demand for advertising content with better sharpness and enhanced quality is fueling product adoption. Moreover, the incorporation of LED-backlit panels has led to additional energy savings at a considerable level. Thus, the reduction in energy consumption due to the adoption of advanced technologies is luring enterprises to opt for digital signage.
The software providers are focusing on the new entrants of the industry by providing design solutions that are compatible with the Android operating systems. The emergence of , coupled with the increasing adoption of, is expected to enable the collection of vital operational and maketing data. Digital signage helps companies decrease...
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