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Digital Signage Media Player Market to hit the coveted 1.4-billion-dollar frontier by 2024

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Software segment in the digital signage media player market is expected to witness significant growth over the years. This is attributed to the increasing demand for such solutions providing improvised interaction while enhancing the customer engagement and brand visibility.

— The Digital Signage Media Player Market is set to grow from its current market value of more than $950 million to over $1.4 billion by 2024; as reported in the latest study by Global Market Insights, Inc. Rising deployment of signage systems such as interactive video walls and displays across retail industry is anticipated to drive the digital signage media player market growth. In order to provide interactive experience to the customers, retailers are increasingly making use of the signage players to power the screens for marketing & advertising activities. Increasing popularity of online shopping followed by the growing trend of digitization, retailers across various regions are deploying media players for enhancing the customer interaction.

Currently, digital signage is emerging as a vital mode of communication across wide range of applications including banking, retail, education, hospitality, healthcare, and government sectors. A succinct insight of the application spectrum of digital signage media player market is enumerated below:

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2332

Driven by the rapidly shifting trends toward online shopping, most of the retail merchants have been giving preference to digital signage of late, in order to align themselves with the rising demand for e-commerce. Since digital signage provides considerable benefits over traditional POP (point of purchase) signage, merchants can conveniently increase product sales by displaying instantaneous pricing updates. Deploying digital signage systems can also help retailers attract more customers due to increasing brand visibility.

Launch of media players embedded in displays providing benefits such as low power consumption will hinder the digital signage media player market growth over the forecast timespan. In addition, increasing utilization of media streaming devices such as Apple TV, Chromebox could act as substitute product having negatively impacting the industry demand.

Software segment in the digital signage media player market is expected to witness significant growth over the years. This is attributed to the increasing demand for such solutions providing improvised interaction while enhancing the customer engagement and brand visibility. Rising utilization of these solutions for streaming different type of content meant for certain set of customers as well as for promotional and marketing activities will drive the industry demand.

Owing to distance and time barriers, it has been observed that it is rather difficult for service providers in the BFSI sector to communicate with customers. Digital signage effectively eliminates these communication barriers by displaying critical information and important messages in a very organized manner. Infotainment systems, for instance, help banking consumers by directing them toward the right department. In fact, in banking and governmental organizations, digital signage systems are primarily deployed for queue management and numerous other operations, massively driving digital signage media player industry outlook over the years ahead.

Browse key industry insights spread across 200 pages with 207 market data tables & 44 figures & charts from the report, “Digital Signage Media Player Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/digital-signage-media-player-market

Rising spending on media player devices to display promotional and advertising content across various applications such as entertainment, retail and corporate is anticipated to catapult the North America digital signage media player market growth. Low price of the devices coupled with the easily usable characteristics provided by these devices is further contributing to the industry demand. Availability of advanced infrastructure followed by increasing investments on signage systems is expected to drive the regional digital signage media player market.

Companies operating in the industry include IAdea, Brightsign LLC, Clearone, AOpen Inc., Barco, Stratacache, Onelan, Scala, Hewlett Packard Company, Advantech Co. Ltd, Visix Inc., Broadsign and NEC Display Solutions Ltd. The digital signage media player market is fragmented in nature and characterized by high level of competition among the regional and international players. Vendors are highly focusing on R&D and incorporate customizable and advanced features in the devices.

Glimpse of Table of Content (ToC)

Chapter 5. Digital Signage Media Player Market, By Product

5.1. Global digital signage media player industry share by product, 2016 & 2024
5.2. Entry-level
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Market estimates and forecast, by application, 2013 – 2024
5.2.3.1. Retail
5.2.3.2. BFSI
5.2.3.3. Entertainment
5.2.3.4. Corporate
5.2.3.5. Healthcare
5.3. Advanced level
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
5.3.3. Market estimates and forecast, by application, 2013 – 2024
5.3.3.1. Retail
5.3.3.2. BFSI
5.3.3.3. Transportation
5.3.3.4. Education
5.3.3.5. Corporate
5.3.3.6. Entertainment
5.3.3.7. Hospitality
5.3.3.8. Healthcare
5.4. Enterprise
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by region, 2013 – 2024
5.4.3. Market estimates and forecast, by application, 2013 – 2024
5.4.3.1. Retail
5.4.3.2. Transportation
5.4.3.3. Entertainment
5.4.3.4. Hospitality

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/digital-signage-media-player-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/digital-signage-media-player-market

Source URL: https://marketersmedia.com/digital-signage-media-player-market-to-hit-the-coveted-14-billion-dollar-frontier-by-2024/88924408

Source: MarketersMedia

Release ID: 88924408

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