Market Size of US Digital Signage Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.49 Billion |
Market Size (2029) | USD 12.41 Billion |
CAGR (2024 - 2029) | 7.88 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Digital Signage Market Analysis
The US Digital Signage Market size is estimated at USD 8.49 billion in 2024, and is expected to reach USD 12.41 billion by 2029, growing at a CAGR of 7.88% during the forecast period (2024-2029).
A digital signage system delivers and displays content, such as digital images, video, streaming media, and information. The displayed content is filed, and the schedule information is edited in the content management system. The data is stored in the CMS and distributed to the media players.
- Digital signage is gaining popularity in the United States due to the recent technological advancement in the display, connectivity, and monitoring space. Furthermore, the increasing adoption has resulted in the prices of display panels coming down significantly.
- Digital outdoor signage is one part of the audio and visual market that has grown steadily over the last decade, and that growth is only accelerating. Digital outdoor signage is now being used in almost every industry, with applications in restaurants and hotels, retail places, transit facilities, and entertainment events. According to screen fluency 2021 statistics, because of the signage, 76% of American consumers enter stores they had never visited before. 68% of Americans have paid for a product or service because its signage drew their attention.
- Digital content is considerably more likely to be noticed and remembered by consumers than static print-based signs. There are several reasons at work here, but the primary one is that people are drawn to movement, color, and freshness.
- The rising need for enhanced customer experience has created a dramatic surge in digital integration initiatives rolling out on a chain-wide basis in various applications. Turnkey solutions are witnessing huge demand in the current market scenario to cater to this demand and organize and coordinate all elements of specialized digital signage.
- Control of consumer privacy is essential for digital signage applications, such as advertising, to maintain consumer trust, which, in turn, is crucial if the industry is to continue growing at its current explosive pace. Unless the industry adopts robust self-regulation, it will likely face consumer backlash and reactive government regulation that may stifle innovation.
- During the pandemic, companies developed products to make consumers aware of the preventive measures to reduce virus flow. For Example, Allsee created hand sanitizer Android advertising displays that combine an immediately updatable LCD panel with an automatic hand sanitizer dispenser.
United States Digital Signage Industry Segmentation
Digital signage is a sub-category of electronic signage. To display digital photos, videos, websites, weather information, restaurant menus, or text, digital displays employ technologies including LCD, LED, projection, and e-paper.
The United States Digital Signage Market is segmented by Type (Hardware (LCD/LED Display, OLED Display, Media Players, Projectors/Projection Screens), Software, Services), End-user Vertical (Retail, Transportation, Hospitality, BFSI, Education, Government). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Type | |||||||
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Retail | |
Transportation | |
Hospitality | |
BFSI | |
Education | |
Government | |
Other End Users |
US Digital Signage Market Size Summary
The digital signage market in the United States is experiencing significant growth, driven by advancements in display, connectivity, and monitoring technologies. This growth is further fueled by the decreasing costs of display panels, making digital signage more accessible across various industries. Digital signage systems, which deliver and display content such as images, videos, and information through a content management system, are increasingly being adopted in sectors like retail, hospitality, transit, and entertainment. The appeal of digital signage lies in its ability to capture consumer attention more effectively than static signs, thanks to movement, color, and freshness. As businesses strive to enhance customer experiences, there is a rising demand for turnkey solutions that integrate digital signage across multiple locations. However, maintaining consumer trust through robust privacy controls is crucial for the continued expansion of this market.
Technological innovations, particularly in OLED and Quantum Dot OLED displays, are reshaping the digital signage landscape by offering superior image quality and energy efficiency. These technologies are being integrated into retail environments to create engaging, multichannel shopping experiences that blend digital and physical interactions. Retailers are increasingly updating user-interactive screens in real-time to reflect current trends, enhancing the in-store experience for consumers. The market is moderately consolidated, with major players focusing on product innovation and research and development to capture market share. Companies like Sharp NEC Display Solutions, Planar, and Ynvisible Interactive Inc. are introducing new display solutions and technologies to meet the evolving demands of the market, highlighting the industry's commitment to innovation and growth.
US Digital Signage Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Distribution Channel Analysis
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1.4 Industry Value Chain Analysis
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1.5 Technology Snapshot
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1.5.1 Evolution of Digital Signage Solutions in the United States
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1.5.2 Key Technological Trends to Drive Adoption
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1.6 Assessment of the Impact Of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Hardware
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2.1.1.1 LCD/LED Display
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2.1.1.2 OLED Display
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2.1.1.3 Media Players
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2.1.1.4 Projectors/ Projection Screens
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2.1.1.5 Other Hardware
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2.1.2 Software
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2.1.3 Services
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2.2 By End User
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2.2.1 Retail
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2.2.2 Transportation
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2.2.3 Hospitality
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2.2.4 BFSI
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2.2.5 Education
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2.2.6 Government
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2.2.7 Other End Users
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US Digital Signage Market Size FAQs
How big is the US Digital Signage Market?
The US Digital Signage Market size is expected to reach USD 8.49 billion in 2024 and grow at a CAGR of 7.88% to reach USD 12.41 billion by 2029.
What is the current US Digital Signage Market size?
In 2024, the US Digital Signage Market size is expected to reach USD 8.49 billion.