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Digital Signage Market Worth $23.76 Billion by 2020DALLAS, May 26, 2015 /PRNewswire/ -- According to a new market research report "Digital Signage Market by Type (Hardware (Displays, Media players, Projectors), Software, Services (Installation & Maintenance)), by Application (Commercial, Infrastructural, Institutional, Industrial) & Geography - Global forecast to 2020", published by MarketsandMarkets, the total Digital Signage Market is expected to reach $23.76 Billion by 2020, at a CAGR of 8.18% between 2015 and 2020. Browse 87 market data Tables and 85 Figures spread through 196 Pages and in-depth TOC on "Digital Signage Market". http://www.marketsandmarkets.com/Market-Reports/digital-signage-market-513.html Early buyers will receive 10% customization on this report. The concept of digital signage emerged due to the increasing need to attract customers by showcasing the product portfolios or the services to the customers. Many applications evolve at a very rapid pace, which requires the advertising content to be continuously updated. This is difficult in case of print advertising, as it is quite expensive and also unreliable as it is short-lived, and susceptible to damage. Digital signage overcomes this problem by implementing large displays with high brightness and various sizes as per the requirement of different applications such as retail, transport, hospitality, and so on. In-store advertising, touch screen kiosks, and increasing return on investment, and the increasing awareness regarding the benefits of digital signage are helping the digital signage to grow in the market. The advancements in the display technologies such as LED, LCD, and OLED also contribute to enhancing the benefits of digital signage. However, as in the case of any advanced technologies, these solutions also involve issues such as software glitches, non-compatibility issues, connectivity issues, radio or electrical interference, and so on. Several initiatives are being taken by the industry players to overcome these issues and provide a highly effective solution for end users. The global digital signage market is expected to grow from $14.63 Billion in 2014 to $23.76 Billion in 2020, at a CAGR of 8.18% between 2015 and 2020. The global digital signage market is growing rapidly owing to the increasing demand for commercial displays, increasing investments by companies for the development of digital signage solutions, acceptance from government, preventon of paper wastage, and energy saving. The global digital signage market report describes the market trends, drivers, and challenges with respect to the digital signage market and forecasts the market to 2020, based on types, application, and geography. This global report gives a bird's eye-view of the market across the geographies including North America, Europe, Asia-Pacific, and RoW (Rest of the World). North America is the largest geography in terms of the global digital signage market size and this trend is expected to continue till 2020, with the U.S. occupying the major market share. North America comprises U.S., Canada, and others. APAC and Europe are also considered as promising markets, with Germany and the U.K. in Europe, and Japan and South Korea in APAC expected to have the highest rate of growth. The competitive landscape of the market provides valuable information about the players in the digital signage market. The global digital signage market report profiles 10 promising players in the market and further explains their business overview, product portfolio, recent developments, and key strategies adopted. The market is witnessing new product developments, partnerships, agreements, and expansions across the value chain and between the companies. Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=513 The major players in the global digital signage market are NEC Display Solutions (Japan), Samsung Electronics Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Sharp Corporation (Japan), Sony Corporation (Japan), Panasonic Corporation (Japan), AU Optronics Corp. (Taiwan.), Planar Systems, Inc. (U.S.), Adflow Networks (Canada), and Omnivex Corporation (Canada). Browse related reports Video Wall Market by Product (Video Wall Displays, Housing, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & Billboard), Vertical (Retail, Hospitality, Transportation, Healthcare) & Geography - Forecast to 2020 Holographic Display Market by Technology (Electro holographic, Touchable, Laser), Product (Camera, Digital Signage, Medical scanners, Smart TV), Application (Consumer, Commercial, Medical, Industrial), Geography - Global Forecast to 2013 - 2020 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. 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