Digital signage device Market – Better Time Ahead: LG Display, Omnivex, Planar Systems

The Global Digital signage device Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), NEC Display Solutions, Ltd. (Japan), Sharp Corporation (Japan), Planar Systems, Inc. (United States), Sony Corporation (Japan), AU Optronics Corporation (Taiwan), Panasonic Corporation (Japan), Adflow Networks (Canada), Omnivex Corporation (Canada), E ink Holdings, Inc. (Taiwan), Broadsign International LLC (Canada), BenQ Corporation (Taiwan), Cisco Systems Inc. (United States), Shenzhen Liantronics Co., Ltd. (China)..


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According to HTF Market Intelligence, the global Digital signage device market is valued at USD   in 2023 and estimated to reach a revenue of USD   by 2030, with a CAGR of 7.32% from 2023 to 2030.

Definition:

A digital signage device is a hardware component or a specialized piece of equipment used to display dynamic and multimedia content in various public or private spaces. These devices are commonly used for advertising, information dissemination, and communication in a wide range of settings, such as retail stores, airports, hotels, corporate offices, restaurants, healthcare facilities, and more.

Market Trends:

Interactive digital signage was gaining popularity, allowing users to engage with content via touchscreens, gestures, or mobile devices. This trend was seen in various sectors, including retail, education, and hospitality, where interactivity enhances customer engagement and information delivery.

Market Drivers:

As businesses and organizations recognize the power of visual communication to engage and inform their target audience, there is a growing demand for digital signage devices. These devices provide a dynamic and attention-grabbing way to convey information, promotions, and messaging.

Market Opportunities:

Retailers are increasingly adopting digital signage devices to enhance the in-store shopping experience. Opportunities exist for companies that can provide interactive displays, augmented reality solutions, and analytics-driven content to help retailers engage with customers and drive sales.

Market Leaders & Development Strategies

On 27 March 2023, Look DS LLC., has announced the new Look HD-2222 model of digital signage player, which can control the market of digital signage devices. It can be a wonderful option if the company is looking for such suitable hardware. On 1 February 2023, Samsung Electronics Co., Ltd. is featuring the future of digital signage at Integrated Systems Europe (ISE) 2023 in Barcelona, with new technologies and sustainable efforts by following the company’s new environmental goals.

Global Digital signage device Market Competitive Analysis

Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), NEC Display Solutions, Ltd. (Japan), Sharp Corporation (Japan), Planar Systems, Inc. (United States), Sony Corporation (Japan), AU Optronics Corporation (Taiwan), Panasonic Corporation (Japan), Adflow Networks (Canada), Omnivex Corporation (Canada), E ink Holdings, Inc. (Taiwan), Broadsign International LLC (Canada), BenQ Corporation (Taiwan), Cisco Systems Inc. (United States), Shenzhen Liantronics Co., Ltd. (China).

Additionally, Past Global Digital signage device Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Digital signage device market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

Digital signage device Product Types In-Depth
: Kiosks, Menu Boards, Billboards, Sign Boards, Others

Digital signage device Major Applications/End users: Retail, Corporate, Healthcare, Others

Digital signage device Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).

– To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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