Oct 28, 2022   SOURCE: BusinessWire

$117+ Billion Worldwide Sign Industry to 2031 - Digital Signage Enables to Easily Deploy Advertisements and Also Saves Cost and Time on Logistics and Printing Materials - ResearchAndMarkets.com

The "Sign Global Market Report 2022, By Type, By Application, By End-user Vertical" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global sign market as it emerges from the COVID-19 shut down.

The global sign market is expected to grow from $108.25 billion in 2021 to $117.24 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The market is expected to grow to $153.75 billion in 2026 at a compound annual growth rate (CAGR) of 7%.

Companies Mentioned

  • Brady Corporation
  • Okamura Corporation
  • Samsung Electronics Co. Ltd.
  • LG Display Co. Ltd.
  • NEC Display Solutions
  • Sharp Corporation
  • Planar Systems

Reasons to Purchase

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The sign market consists of sales of signs by entities (organizations, sole traders and partnerships) that produce signs. The sign manufacturing industry comprises establishments that produce signs and related displays of all materials (except printing paper and paperboard signs, notices, displays).

The main types of signs are traditional billboards and signs, digital billboards and signs and other signs. Digital billboards refer to computer-controlled LED displays or electronic-controlled off-premise signage capable of displaying adverts, messages, symbols, figures, content, or images that can be digitally or electronically altered by remote or automatic means. Signs are used for indoor and outdoor applications by BFSI, retail, transportation and logistics, healthcare and other end-user verticals.

Asia Pacific was the largest region in the sign market in 2021. Western Europe was the second largest region in the sign market. The regions covered in the sign market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

There is a rise in demand for digital signage due to its better information managing capabilities. Digital Signage is an obscurely administered digital display that is used for sales, marketing or advertisement purposes. Digital Signage enables to easily deploy advertisements and also saves cost and time on logistics and printing materials. Multi-Screen Experience, Streaming Advertisements over IP and Integration of Bluetooth to enable a two-way communication are few of the digital signage types that are on the rise.

The countries covered in the sign market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam.

For more information about this report visit https://www.researchandmarkets.com/r/mn3uwl