GITNUX MARKETDATA REPORT 2024

The Most Surprising Digital Signage Industry Statistics in 2024

With sources from: grandviewresearch.com, marketsandmarkets.com, fortunebusinessinsights.com, alliedmarketresearch.com and many more

In this post, we will explore the dynamic landscape of the digital signage industry through a series of compelling statistics. From the increasing adoption of digital signage in educational institutions to the projected growth in various market segments and regions, these statistics shed light on the widespread impact and potential of this innovative technology. Join us as we uncover the key trends and opportunities driving the evolution of the digital signage industry.

Statistic 1

"Educational institutions are increasingly adopting digital signage, with an estimated market growth of 7.43%."

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Statistic 2

"The digital menu boards segment is projected to witness substantial growth, at a CAGR of 7.8% from 2021 to 2028."

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Statistic 3

"Europe is projected to see significant growth in the digital signage market, with a CAGR of around 8.0% from 2021 to 2028."

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Statistic 4

"The Asia Pacific digital signage market is expected to grow at a rate of 8.1% from 2021 to 2028."

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Statistic 5

"Interactive digital signage is expected to exhibit a high growth rate in coming years."

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Statistic 6

"The hospitality sector is adopting digital signage rapidly, with an expected growth rate of 9.3% from 2021-2028."

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Statistic 7

"Digital signage is proven to increase average purchase amount by 29.5%."

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Statistic 8

"Over 60% of businesses are anticipated to use digital signage in their marketing strategy by 2025."

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Statistic 9

"Digital signage in healthcare is expected to see a growth rate of approximately 8.1% from 2021 to 2028."

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Statistic 10

"The adoption of AI in digital signage is expected to grow by approximately 25% CAGR through 2030."

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Statistic 11

"The global digital signage market was valued at approximately $21.49 billion in 2020."

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Statistic 12

"The digital signage market is expected to grow at a CAGR of 7.5% from 2021 to 2028."

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Statistic 13

"Retail is the largest end-user segment in the digital signage market, accounting for over 40% of the revenue."

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Statistic 14

"Digital signage reduces perceived waiting time at checkout lines by up to 35%."

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Statistic 15

"In 2020, LCD technology dominated the digital signage display market."

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Statistic 16

"The use of 4K displays in digital signage has increased by over 20% year over year."

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Statistic 17

"The outdoor digital signage market is expected to grow at the highest CAGR between 2021 and 2026."

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Statistic 18

"By 2025, the digital signage software market is projected to be valued at over $4.44 billion."

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Statistic 19

"Digital posters segment accounted for the highest revenue share in 2020."

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Statistic 20

"North America held the largest market share in the digital signage industry in 2020."

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Interpretation

The digital signage industry is experiencing robust growth across various sectors and regions, with notable increases projected in educational institutions, hospitality, healthcare, and retail. The market is driven by advancements in technology such as AI integration, interactive displays, and high-resolution 4K screens. Businesses are increasingly recognizing the benefits of digital signage, such as enhanced customer engagement and increased sales. As the industry continues to evolve, particularly in regions like Europe and Asia Pacific, the deployment of digital signage is expected to become even more widespread, shaping the future of marketing and communication strategies.

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