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Digital Signage Market to Garner $32.12 Billion, Globally, by 2026 at 8.1% CAGR, Says Allied Market Research

Surge in demand for bright & power-efficient display panels, rapid digitalization & decline in demand for traditional billboards, and rise in craze for 4K and Ultra-HD Devices fuel the growth of the global digital signage marketPORTLAND, Oregon, Feb. 6, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Digital Signage Market by Offering (Hardware, Software, and Service), Product (Single Screen Display, Video wall, and Kiosk) and Location (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2019a??2026." As per the report, the global digital signage industry was estimated at $17.23 billion in 2018 and is anticipated to register $32.12 billion by 2026, registering a CAGR of 8.1% during the period 2019 to 2026.Drivers, Restraints and OpportunitiesIncrease in demand for bright & power-efficient display panels, rapid digitalization & decline in demand for traditional billboards, and surge in craze for 4K and Ultra-HD Devices drive the growth of the global digital signage market. On the other hand, deployment of widescreen alternatives impedes the growth to some extent. However, emerging display technology such as micro LED & quantum dots, and increase in preference toward large-screen displays are expected to create an array of opportunities for the key players in the industry.
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