The US digital signage market is estimated to grow at a CAGR of 7.7% during the forecast period to reach $10.2 billion in 2025 from $6.1 billion in 2018. The major driving factors in the substantial growth of the digital signage market are the rapid adoption of AI, machine learning, and extensive use of IP-based devices. Digital signage finds significant applications in a number of public facilities were relaying information in a structured method and in real-time which is of utmost importance. Facilities such as airports, banking facilities, railway stations, healthcare, and retail shops are some of the areas, wherein the presence of digital signage can deliver the information without any need for human interference.
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Moreover, some other factors that contribute to this remarkable market value are the presence of major digital signage providers Samsung Electronics Co., Ltd., Daktronics, Inc., Intel Corp., Sony Corp., LG Electronics Inc. and the advent of new technologies, including organic light-emitting diode (OLED) and electronic paper display EPD in the country. The companies in the US are focusing on enhancing the buying experience by analyzing the interest of buyers. In the US, digital signage has been significantly applied in various industries such as retail, transportation, hospitality, and entertainment, among others. The retail industry is growing significantly in the country which creates enormous opportunities for digital signage.
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US Digital Signage Market Segmentation
By Component Type
Hardware
Software
By Product
Standalone Display
Video Wall
By Application
Commercial
Industrial
Infrastructural
Others (Institutional)
Company Profiles
22 Miles, Inc.
ACRELEC Group
AOPEN Inc.
AU Optronics Corp.
Barco NV
Benq Corp.
BrightSign, LLC
Christie Digital Systems USA, Inc.
Coates Group Pty Ltd.
Daktronics, Inc.
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