September 25, 2018

Digital Signage Market is Anticipated to Grow US$27 Billion by 2024

 

Market Research Engine has published findings that the digital signage market is anticipated to grow $27 Billion by 2024.  Here's a snippet of their overall analysis:

 

How Big is the Global digital signage Market?

The Global digital signage Market is expected to exceed more than US$ 27 billion by 2024 and will grow at a CAGR of more than 6.5% in the given forecast period.

 

The major driving factors of Global digital signage Market are as follows:

 

  • Growth of Commercial Displays Over Consumer Displays in Digital Signage
  • Increasing Need of Reducing the Wastage of Paper and Being Environmentally-Friendly
  • Cost Effectiveness and Assured Return on Investment
  • Rising Demand of OLED-Based Displays
  • Improvements in Technology Offerings and Infrastructure Expansions

The restraining factors of Global digital signage Market are as follows:

 

  • Lack of Standardization
  • Lack of Awareness About Digital Signage