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Global Digital Signage Software Market– Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Semiconductors and Electronics
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Digital Signage Software Market, By Service (Maintenance and Support Service, Installation Services), Type (Content Management System, Edge Server Software), Application (Banking, Transportation, Entertainment, Education, Retail, Corporate, Healthcare, Hospitality, Government) – Industry Trends and Forecast to 2029

Digital Signage Software Market

Market Analysis and Size

Digital signages are widely being used in various sectors such as entertainment, corporate, transport, retail, hospitality, education, and healthcare, among others. These allow organizations in engaging with a broader audience. They also help in creating a centralized network for digital communications.

Global Digital Signage Software Market was valued at USD 7.88 billion in 2021 and is expected to reach USD 25.54 billion by 2029, registering a CAGR of 15.84% during the forecast period of 2022-2029. Retail accounts for the largest application segment in the respective market owing to the high demand for digitized advertisements for marketing and promotions. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Digital signage, also known as dynamic signage refers to an electronic display that assists in advertising broadcast data, advertises contents, and television programming, among other contents. Digital signs use various technologies including LCD and LED. These dynamic signage find application in both private institutions and public places such as restaurants, retail outlets, and corporate environment.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Service (Maintenance and Support Service, Installation Services), Type (Content Management System, Edge Server Software), Application (Banking, Transportation, Entertainment, Education, Retail, Corporate, Healthcare, Hospitality, Government)

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

Panasonic Corporation (Japan), LG Display Co., Ltd (South Korea), HannStar Display Corporation (Taiwan), AU Optronics Corp. (Taiwan), Chi Mei Corporation. (Taiwan), SAMSUNG (South Korea), SHARP CORPORATION (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), SONY INDIA. (India), FUJITSU (Japan), Chunghwa Picture Tubes, LTD. (Taiwan), Barco.(Belgium), BOE Technology Group Co., Ltd. (China), Innolux Corporation (Taiwan), Advantech Co., Ltd (Taiwan), among others.

Market Opportunities

  • Adoption of cloud-based digital signage solutions by businesses during COVID-19
  • Increase in demand for the digitized promotion of products and services
  • Rise in demand for 4K digitized sign displays with the embedded software and media player

Digital Signage Software Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Demand for the Digitized Promotion

The increase in demand for the digitized promotion of products and services for attracting attention of the target audience acts as one of the major factors driving the growth of digital signage software market.

  • Demand for 4K Digitized Sign Displays

The rise in demand for 4K digitized sign displays with the embedded software and media player accelerate the market growth. These signs deliver customers an affordable Ultra HD digital signage solution has a positive impact on the market.

  • Technologically Advanced Products

The emergence of innovative products, such as leak detector systems, home monitoring systems and complicated monetary products further influence the market. Also, the rise in demand for digital signage in public and commercial sectors assist in the expansion of the market.

 Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the digital signage software market.

Opportunities

Furthermore, adoption of cloud-based digital signage solutions by businesses during COVID-19 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for smart digital signage triggered by spread of COVID-19 will further expand the market.

Restraints/Challenges

On the other hand, trends of online advertising and broadcasting further triggered by COVID-19 is expected to obstruct market growth. Also, security issues associated with digital signage are projected to challenge the digital signage software market in the forecast period of 2022-2029.

This digital signage software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital signage software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Digital Signage Software Market

The COVID-19 has impacted digital signage software market. The limited investment costs and lack of employees hampered sales and production of digital signage technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the digital signage software as it targeted the right audience. The increase in sales of devices across the globe is expected to further drive the market growth in the post-pandemic scenario.

Recent Developments

  • LG launched LSAA LED signage series, one of the most advanced LED signage system in July’2020. This new series provides design, giant-screen performance, and integration with cable-less block assembly design.

Global Digital Signage Software Market Scope and Market Size

The digital signage software market is segmented on the basis of type, application and service. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service

  • Maintenance and Support Service
  • Installation Services

Type

  • Content Management System
  • Edge Server Software

Application

  • Banking
  • Transportation
  • Entertainment
  • Education
  • Retail
  • Corporate
  • Healthcare
  • Hospitality
  • Government

Digital Signage Software Market Regional Analysis/Insights

The digital signage software market is analyzed and market size insights and trends are provided by country, type, component, location, content category, end-user, size, display technology, brightness, and application as referenced above.

The countries covered in the digital signage software market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the digital signage software market because of the presence of dedicated suppliers of the product and rise in demand for signage in the retail industry within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in awareness regarding the benefits of digital signage in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Digital Signage Software Market

The digital signage software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to digital signage software market.

Some of the major players operating in the digital signage software market are

  • Panasonic Corporation (Japan)
  • LG Display Co., Ltd (South Korea)
  • HannStar Display Corporation (Taiwan)
  • AU Optronics Corp. (Taiwan)
  • Chi Mei Corporation. (Taiwan)
  • SAMSUNG (South Korea)
  • SHARP CORPORATION (Japan)
  • Schneider Electric (France)
  • Siemens (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • SONY INDIA. (India)
  • FUJITSU (Japan)
  • Chunghwa Picture Tubes, LTD. (Taiwan)
  • Barco.(Belgium)
  • BOE Technology Group Co., Ltd. (China)
  • Innolux Corporation (Taiwan)
  • Advantech Co., Ltd (Taiwan)


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Frequently Asked Questions

Global Digital Signage Software Market is expected USD 25.54 billion by 2029.
Digital Signage Software Market is expected to witness CAGR of 15.84% during the forecast period of 2022-2029
This digital signage software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
The major players covered in the digital signage software market report are Scala Digital Signage; Remote Media Group Limited; NEC Display Solutions.; BroadSign International, LLC; Omnivex Corporation; Panasonic Corporation; VXL Software Solutions Private Limited; Planar Systems; NAVORI digital signage software; Cisco; SHARP CORPORATION; SAMSUNG; NoviSign Digital Signage Inc.; FOUR WINDS INTERACTIVE.; ADFLOW Networks. A Daktronics Company; Intuiface; Rise Vision; Acquire Digital; Visix, Inc.; Xtreme Media Pvt. Ltd.; ONELAN Limited; DISE INTERNATIONAL AB; TruKnox Technologies Pvt. Ltd.; YCD Multimedia; L Squared Digital Signage; Mvix(USA), Inc.; among other domestic and global players.