The global digital signage market is expected to grow to $45.33 billion by 2030, according to a new report by Grand View Research, a market research firm.

The digital signage market should see a CAGR of 7.7% over the forecast period due to increasing demand from end-use industries, which include retail and healthcare.

Other key findings from the report include:

The transparent LED screen segment is anticipated to see significant growth owing to high demand on account of LED screens' energy efficiency and emerging touchscreen displays with multi-touch technology.

Interactive apps for kiosks and other digital signage products are projected to spur the growth of the software segment. The out-store segment is anticipated to witness considerable growth over the forecast period owing to the surging demand from out-store applications.

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