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 Architecturally-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