At 10+% CAGR, Digital Signage Software Market Potentially Worth $9.24 Billion by 2023 Led by Content Management System

PUNE, India, July 9, 2017 /PRNewswire-iReach/ -- The digital signage software market expected to gain maximum traction in the commercial application during the forecast period. The commercial application sector is expected to hold the largest share of the digital signage software market by 2023. This market is expected to grow at the highest rate between 2017 and 2023. This is mainly due to increasing demand for digital signage in commercial applications along with improvements in technology offerings & infrastructure expansions. Digital signage attracts a large group of customers through effective communication through advertising and promotion. Increasing demand in retail, hospitality and healthcare sectors is boosting the demand for software for commercial application. Complete report on "Digital Signage Software Market" spread across 178 pages, profiling 15 companies and supported with 68 tables and 58 figures is now available athttp://www.rnrmarketresearch.com/digital-signage-software-market-by-software-type-edge-server-software-content-management-system-services-installation-services-maintenance-and-support-services-application-commercial-infrastructural-and-st-to-2023-market-report.html .

North America held the largest share of the digital signage software market in 2016. North America held the largest market share while APAC is expected to grow at the highest CAGR during the forecast period in the digital signage software market. APAC is one of the potential markets for digital signage software globally.

The digital signage software market in APAC is expected to grow at the highest CAGR during the forecast period. The retail boom in APAC countries such as China, Singapore, Malaysia, Thailand, Hong Kong, Singapore, Malaysia, and Japan continues to benefit from both the strong domestic demand and an influx of tourist dollars from countries such as China and India. Increasing developments in the field of transportation, communication, public infrastructure, and construction are expected to create demand for digital signage systems, software, and services in public spaces in this region.

The digital signage software market is driven by the increasing focus on energy consumption, the rising demand for OLED-based displays, and improvements in technology offerings & infrastructure expansions. However, the lack of standardization and the lack of awareness about digital signage are inhibiting the growth of the digital signage market globally.

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The prominent players profiled in this report are Scala Inc. (US), Signagelive (UK), Broadsign International LLC (Canada), Omnivex Corporation (Canada), Navori (Switzerland), IntuiLab SA (France), Mvix, Inc. (US), NoviSign Digital Signage Inc. (Israel), Four Winds Interactive (US), Rise Vision (Canada), Planar Systems Inc. (US), NEC Display Solutions (Japan) ADFLOW Networks (Canada), Samsung Electronics Co. Ltd. (South Korea), and Panasonic Corporation (Japan).Download PDF Brochure "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" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1079683 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (23%), Tier 2 (34%) and Tier 3 (43%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Director Level (29%) and others (36%) from various key organizations operating in the digital signage software market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (26%), Asia-Pacific (17%), and RoW (12%).

Research Coverage: The report provides a picture of the digital signage software market. It aims at estimating the market size and future growth potential of this market across different segments such as types of software, types of services, applications, and geographies. Furthermore, the report also includes the industry trends, market dynamics, and competitive analysis of the key players in the market, along with their company profiles, vendor DIVE matrix, and recent developments.

On a related note, another research titled Digital Signage Market Global Forecast to 2022says, the digital signage market is expected to reach $27.34 billion by 2022, at a CAGR of 6.7% between 2016 and 2022. Digital signage expected to gain maximum traction in the commercial application, during the forecast period. APAC expected to register highest growth rate in the digital signage market during the forecast period. Companies such as ADFLOW Networks Inc. (Canada), AU Optronics Corporation (Taiwan), LG Display Co., Ltd. (South Korea), NEC Display Solutions Ltd. (Japan), Omnivex Corporation(Canada), Panasonic Corporation (Japan), Planar Systems, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sharp Corporation(Japan), Sony Corporation (Japan) have been profiled in this 250 pages research report available at http://www.rnrmarketresearch.com/global-digital-signage-dynamic-signage-electronic-signage-narrowcasting-market-by-components-applications-displays-geography-2011-2016-market-report.html .

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