Digital Signage Market Hitting New Highs By 2028 | Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan) - Digital Journal

2022-05-28 00:04:55 By : Ms. Tina Ge

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New Jersey, United States-As a result, businesses all over the world are compelled to spend more money on Online advertisement than on their physical/stationary counterparts. The rise in online advertising activities could present a hazard to the digital signage market’s growth.

Apart from the recent damage sustained by digital billboards and similar signage systems as a result of the COVID-19, online advertising and broadcasting have had a negative impact on the growth of the digital signage market for decades.

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Key Market Players The digital signage market is dominated by these key market players Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (Planar) (US), Sony (Japan), AU Optronics (Taiwan), BARCO (Belgium), Panasonic (Japan), Goodview Electronics (China), Stratacache (US), BrightSign, LLC (US), E Ink Holdings (Taiwan), Omni (Taiwan).

By Offering: Hardware Software Services

By Product: Standalone Display Video Wall

By Display Size: Below 32 inch Between 32 and 52 inches Above 52 inch

By Installation Location: Indoor Outdoor

Covid Analysis On a year-over-year (YOY) basis, the outbreak of COVID-19 has affected demand for digital signs in several industries such as retail, BFSI, education, amusement and sports, and hospitality. However, demand for digital signage kiosks and information displays has remained steady in the healthcare industry, as governments and businesses throughout the world seek to upgrade their healthcare infrastructure in order to combat the COVID-19 epidemic.

Recent Developments Sharp will unveil its new huge 8K Ultra-HD professional LCD in November 2020. A wide color spectrum color filter and improved LED backlight phosphors are used in the new display, which has 33 million pixels. This allows the display to give stunning clarity and better red, blue, and green gradations in the pixels. The LCD is ideal for usage in corporate entrances, museums, marketplaces, and video production because of these advantages.

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Key Questions ● How big is the worldwide digital signage industry right now? ● What companies dominate the worldwide digital signage market? ● What effect will COVID-19 have on digital signage providers? ● What is the potential for existing players and those looking to enter the digital signage value chain at various stages?

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