The report "Digital Signage Software Market by Software Type (Edge Server Software, Content Management System), Services (Installation Services, Maintenance and Support Services), Application (Commercial, Infrastructural), and Geography - Global Forecast to 2023", The digital signage software market was valued at USD 4.48 Billion in 2016 and is expected to reach USD 9.24 Billion by 2023, at a CAGR of 10.2% between 2017 and 2023.
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Some key players in this region include Scala, Inc. (US), Planar Systems, Inc. (US), Broadsign International LLC (Canada), and Omnivex Corporation (Canada).
Browse 68 market data tables and 58 figures spread through 178 pages and in-depth TOC on "Digital Signage Software Market - Global Forecast to 2023"
The
increasing demand for digital signage in public and commercial sectors,
advancements in technology offerings and infrastructure expansions are
the key driving factors for the digital signage software market. There
is an increasing adoption of software in systems used in the commercial
sector; it makes the system interactive and easy to use. This leads to
improved customer retention by providing an enhanced experience for
customers through interactive screens. Content management system is
widely used in the market for the effective management of content to be
displayed through digital signage systems.
The content management system is expected to hold the largest market share during the forecast period
In 2016, the market for content management system held the largest share in digital signage software market and is expected to dominate the market till 2023. The content management system plays a vital role in the customization, scheduling, monitoring, and deployment of content across a network of digital displays. Digital signage content management system is the nerve center of the digital signage network and is necessary to make digital signage effective; it helps ensure the most relevant content is viewed by the consumers.
Commercial application held the largest market share in the digital signage software market in 2016 and is expected to register the highest CAGR during the forecast period
The commercial application is expected to dominate the digital signage software market till 2023. This is mainly due to increasing demand for digital signage in commercial applications along with improvements in technology offerings & infrastructure expansions. In indoor advertising, especially in the commercial application (retail, healthcare, and hospitality sectors), content needs to be managed and changed periodically because of the high customer interaction in these sectors. As the usage of products such as displays, media players, and projectors in retail and hospitality increases, the content management services in the digital signage market would also experience growth.
North America held the largest market share in 2016, while APAC expected to witness the highest growth rate between 2017 and 2023
North
America is expected to hold the largest market share and dominate the
digital signage software market between 2017 and 2023. North America
being the most technologically advanced among the developed countries is
a leader in the market for the cutting-edge technology, which is used
in the advertisement sector. In North America, digital signage with its
technological capability focuses on expanding its customer base. North
American region is the early adopter of latest display technology and
there is always growing awareness regarding the benefits of commercial
displays in the region. Developers and providers of digital signage
software are aiming for more values on return.
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