TOP ST
The global signage market should see a CAGR of 6.3% between 2022 and 2031, reaching $63.3 billion by 2031, according to a study by Future Market Insights.
The retail industry is witnessing structural changes along with the adoption of refined strategies that will have a direct impact on the demand for signages, according to the report.
A highly fragmented market and increasing competition for offline stores from e-commerce businesses have resulted in changes in conventional retail. This will create opportunities for the expansion of the signage market between 2021 and 2031.
Based on the study, there is also a high focus on outdoor signages as businesses seek to reach a wider audience. As per FMI, outdoor signages will account for over 60% of sales in the market in terms of products available. Meanwhile, rising demand from supermarkets and hypermarkets will continue supporting growth.
Key takeaways from the study include:
- Focus on outdoor digital advertising will drive the U.K. market at 2% year-over-year growth in 2021.
- Expansion of the retail sector will position India as a key market for signage sales within South Asia.
- China’s growing retail sector will propel it as a chief signage market within East Asia.
KEEP UP WITH WHAT’S NEW IN THE DIGITAL SIGNAGE INDUSTRY
Sign up now for the Digital Signage Today newsletter and get the top stories delivered straight to your inbox.
SUBSCRIBE NOW
CONTENT
AI snagged largest number of venture capitalists in 2021Place Exchange, Clear Channel Outdoor partner to expand DOOH in Latin AmericaSignage market slated to grow to $63.3B by 2031
WEBINAR
Essential Considerations When Implementing Digital Signage
How has digital signage changed 2 years after COVID-19 hit?
Intel fire-side chat webinar delivers 8K guidance
Digital signage podcast: Diving into the on-demand IT services market
INTERACTIVE CUSTOMER EXPERIENCE (ICX) SUMMIT
June 1-3, 2022 | Columbus, OH
ICXA accepting nominations: Elevate Awards honor consumer facing brands
ICX Association names award winners in interactive customer experience
ICX Summit 2020 Sponsor: Loop Media
NEWS
OnLogic celebrates Pi Day with release of Factor 201 Raspberry Pi hardwareAI snagged largest number of venture capitalists in 2021Daktronics plans to double LED display productionPropelled Brands promotes Scott Krupa to VP of franchise developmentSignage market slated to grow to $63.3B by 2031Place Exchange, Clear Channel Outdoor partner to expand DOOH in Latin AmericaLindsay Broadband enters green energy sales partnership
RESOURCES
Perot MuseumHB CommunicationsSeaWorldWGBH-TV BostonSeeing is believing: Everything you need to know about 8K in live broadcasting and professional displays
TOP PICKS
Top Digital Signage Software Providers for 2022Interactive Customer Experience (ICX) SummitDigital Signage Hardware Comparison Guide
TRENDING
Vistar Media sees large growth in 2021, brings in $200M in campaign dollarsHow has digital signage changed 2 years after COVID-19 hit?Place Exchange, Clear Channel Outdoor partner to expand DOOH in Latin AmericaTop Digital Signage Software Providers for 2022Tips on how digital signage can improve internal communication
PREMIUM CONTENT
2022 Kiosk Marketplace Census Report2021 Kiosk Marketplace Census ReportCustomer Experience 4.0 Master Series: Transforming The Future of Retail Banking2020 Digital Signage Future Trends2020 Kiosk Marketplace Census Report2020 Digital Signage Hardware Comparison Guide2020
source https://duchonsigns.wordpress.com/2022/04/18/signage-market-slated-to-grow-to-63-3b-by-2031/
No comments:
Post a Comment