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Smart Signage Market Size

  • Report ID: GMI9666
  • Published Date: May 2024
  • Report Format: PDF

Smart Signage Market Size

Smart Signage Market size was valued at USD 1.83 billion in 2023 and is anticipated to grow at a CAGR of 12.5% between 2024 and 2032. The increasing use of digital advertisements and outdoor displays is well-suited for various commercial and industrial applications including enterprise, retail, transportation, and industrial automation. Outdoor displays attract more attention than traditional posters and provide a range of content that can be updated in real-time.


For instance, in February 2023, Winmate Inc., a global leader in industrial solutions known for creating high-quality industrial display monitors, launched a new outdoor display series. These displays are great for making digital menus at drive-thru, advertising at bus shelters, displaying in windows, and using in smart cities due to their high visibility.

The growing smart signage solutions have revolutionized advertising and communication, offering dynamic & captivating content that mesmerizes viewers. Recent technological advancements have made these solutions more versatile, interactive, and impactful. With cutting-edge technology and the ability to blend content from different sources, digital signage content has reached new levels of dynamism and fluidity. By using digital signage technology and its innovative solutions, businesses and organizations can improve their messaging, engage their audiences, and create new opportunities for growth.

Deploying smart signage software, which includes video walls, media players, content management systems, and technology infrastructure, presents its own set of challenges. From ensuring seamless integration to addressing compatibility issues and stakeholder alignment, businesses face common challenges in maximizing the potential of this technology. Understanding these common challenges and reasons is crucial for successful deployment and utilization, stakeholder alignment, and technology infrastructure. Organizations must evaluate their specific needs to choose the right digital signage solution, and understanding what the organization requires is crucial for selecting the appropriate software. For example, a retail store might need interactive features, while an office may require internal communication tools.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of smart signage reached USD 1.83 billion in 2023 and is set to witness 12.5% CAGR from 2024 to 2032, led by the growing need for digital advertisements and outdoor displays.

The LED technology segment is projected to grow at over 14% CAGR between 2024 and 2032, as they change the look and feel of the environment but also captivate and leave a lasting impression on viewers.

The retail segment in the smart signage industry recorded over 30% share in 2023, due to their use for a variety of functions and to provide a versatile & interactive shopping experience.

Asia Pacific market is anticipated to showcase more than 14.5% CAGR from 2024 to 2032, owing to the increasing emphasis on digitalization, customer engagement, and experiential marketing strategies.

Smart Signage Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 254
  • Countries covered: 21
  • Pages: 220
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