Digital Signage Media Player Market worth USD 2,473.5 million by 2027
The Market Statsville Group (MSG) publishes the new report on the "Digital Signage Media Player Market by Component (Hardware and Software), by Product Outlook (Entry Level, Advanced Level and Enterprise Level), by Application (Retail, Hospitality, Corporate, Transportation, and Other Applications), by Region – Global Share and Forecast to 2027". The global digital signage media player market size is expected to grow from USD 1,378.6 million in 2020 to USD 2,473.5 million by 2027, at a CAGR of 15.1% during the forecast period. Significant growth across the digital signage media player market is primarily driven by enhancing customer experiences.
Targeted content reaching huge audiences. It also aims to minimize direct person-to-person interaction. With video as a tool for communication and collaboration growing globally, enterprises and the commercial sector contribute to the space. Towards analyzing the Industry Value Chain, thedigital signage media player ecosystem as a whole is represented by complex and fragmented sectors. Some of them include display vendors, software companies, media player manufacturers, advertisement agencies, audio/visual (AV) integrators, and technical support services.
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Global Digital Signage Media Player Market Segmentation
The digital signage media player market has been segmented into components, product, application, and region.
- By Component (Hardware and Software)
- By Product (Entry Level, Advanced Level, and Enterprise Level)
- By Application Outlook (Retail, Hospitality, Corporate, Transportation and Other Applications)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Entry Level, by product, is estimated to hold the largest market share during the forecast period
Based on product, entry-level, advanced level, and enterprise-level are the four segments of the global digital signage media player market. In 2020, the entry-level segment occupied 52.01% of the market, which accounted for the largest market share in 2020. An entry-level player usually consists of a low-power and low-cost Intel Atom processor featuring up to 4GB of memory. They also feature smaller SSD hard drives, WiFi capabilities and operate on Linux or Windows OS.
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A digital signage media player typically tends to be received from three viewing patterns, the Point of Transit, Point of Wait, or Point of Sale. These systems are suitable for the simple digital signage media player applications and are perfect for entry-level, cost-effective projects, such as self-service kiosks, retail signage, and e-menus and feature fanless and low-power digital signage media player players. Low-end players offer ARM-based devices in the form of a small box or ‘HDMI stick’ that usually operate on an Android OS. Industrial enterprises prefer entry-level solutions as they can address their abstract marketing objectives and presentation objectives. Signage displays are instrumental in conducting vibrant commercial expos, open-air trade fairs, in-store promotional programs, and Ad campaigns, and acting as signboards in busy environments where color can act as a distinctive factor in helping with identification.
The Asia Pacific accounts for the largest market share in the digital signage media player market 2020
Based on region, The global market of digital signage media players has been segmented as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific is accounted for the largest market share of 31.19% in 2020. In the Asia Pacific, China accounted for the largest market share of 45.1% in 2020, whereas India is the fastest-growing region with a CAGR of 10.8% during the forecast period.
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China is one of the fastest adopters of technology and a manufacturing powerhouse, contributing to the market's growth. As a result, China is already one of the significant markets for out-of-home (OOH) advertising. The country is moving towards Digital out-of-home or DOOH advertising due to developed infrastructure in major cities with dense populations that allow for dense distribution of digital screens. At the same time, India is one of the emerging countries in Asia-Pacific in terms of the digital signage media player medial player market. The DOOH (Digital Out of Home) is gaining traction in India, creating a demand for rolling out technologies to suit the requirements of contemporary times. Addressing the concern, digital signage media player solutions such as digital media players assist in managing a network of screens located in different public places.
This research report includes a study on the development and marketing strategies, along with the product portfolios and winning strategy of the leading companies operating in the digital signage media player market. It also consists of the profiles of leading companies such as 3M Company, Advantech Co. Ltd, AOPEN Inc., BrightSign LLC, Cisco, Barco, Broadsign, ClearOne Communications Inc., Dell Inc., Gefen, HaiVision Inc., Hewlett Packard Enterprise Co., and ONELAN (Tripleplay). These market players have focused on acquisitions and expansion to gain a larger market share in the digital signage media player market.
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About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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