China Digital Signage Market to see Huge Growth by 2029
China digital signage market is estimated to grow at a CAGR of around 10.0% over the forecast period to reach over $4.5 billion in 2025 from $2.4 billion in 2018. A significant rise in the demand for digital advertising platforms has witnessed across the sectors, such as retail and financial institutions. Increasing competition among retail firms is contributing to the demand for advanced digital solutions that can support increased convenience to the customers. It is expected that the adoption of digital signage is estimated to grow significantly in the retail sector in the country coupled with the growing retail grocery market and increasing competition among domestic and foreign retailers. Rapid urbanization and rising disposable incomes are supporting an emerging demand for convenience products, especially in large, tier-one cities.
Moreover, the most significant distribution channel
for meal solutions in China is supermarkets as these markets are highly
convenient as compared to the small grocery channels. Shoppers demand a lot
from stores, such as personalized experience, value, and efficiency. As grocers
are getting familiarize with omnichannel retail, digital signage systems have
become an intelligent way to develop a seamless in-store experience to the
customers. The use of digital signage in grocery stores facilitates the
deployment of new promotions, offering stock and aisle updates as well as share
alerts across several locations. In addition, it allows managing the content
remotely and updating it instantly. As sooner the customers know the special
deals, rainchecks, and instant savings, it will become easier to gain higher
satisfaction with their store experience. Therefore, the increasing retail
grocery market will likely drive the growth of the market in the country.
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China Digital Signage Market Segmentation
By Component Type
- Hardware
- Software
By Product
- Standalone
Display
- Video
Wall
By Application
- Commercial
- Industrial
- Infrastructural
- Others
(Institutional
A full Report of China
Digital Signage Market is Available at: https://www.omrglobal.com/industry-reports/china-digital-signage-market
Company Profiles
- AOPEN
Inc. (Acer Inc.)
- AU
Optronics Corp.
- Barco
NV
- BenQ
Corp.
- BrightSign,
LLC
- Coates
Group Pty Ltd.
- Daktronics,
Inc.
- Delta
Electronics, Inc.
- E
Ink Holdings Inc.
- Exceptional
3D, Inc.
- Goodview
Electronic Co., Ltd.
- Hisense
International Co., Ltd.
- Intel
Corp.
- LG
Electronics Inc.
- Navori
SA
- NEC
Corp.
- Panasonic
Corp.
- Planar
Systems, Inc.
- Samsung
Electronics Co., Ltd.
- Scala,
Inc.
- Sony
Corp.
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