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Digital Signage Industry to Grow by Billions in 5 Years

Digital Signage Industry to Grow by Billions in 5 Years

The digital signage market is set to grow exponentially in the next few years. MarketsAndMarkets expects the market to increase in value from 18.7 billion dollars in 2023 to 26.1 billion dollars by 2028 at a rate of 6.9 percent. Several factors are predicted to contribute to the growth of digital signage, such as infrastructure applications, higher demand for high-quality displays, new technology advancements, and commercial applications for digital signage. 

Digital signage demand goes hand in hand with the constant need to improve the customer experience. Video is essential to digital signage, especially with paneled video walls. When hardware can directly contribute to the consumer experience, there will likely be a growth in value. The Compound Annual Growth Rate (CAGR) of digital signage is anticipated to grow the most in Asia, with manufacturers such as Samsung and LG in South Korea. This may be attributed to the availability of skilled and low-cost labor and a growing infrastructure caused by government spending.