Rapid urbanization coupled with increase in number of malls, hotels, healthcare facilities and transportation infrastructure to drive UAE digital signage market through 2023
According to recently released TechSci Research report, “UAE Digital Signage Market By Component, By Application, By End User Sector, Competition Forecast & Opportunities, 2013-2023”, the UAE digital signage market is projected to grow at a CAGR of over 18% during 2018-2023. The growth of market is led by usage of new digital signage technologies such as 3D digital signages, video wall and volumetric displays. Moreover, increasing number of malls, hotels, etc., in the country is further expected to fuel demand for digital signages owing to their various advantages. Among end users, hospitality sector is anticipated to emerge as the fastest growing segment over the course of next five years.
Browse 14 market data Tables and 28 Figures spread through 90 Pages and an in-depth TOC on “UAE Digital Signage Market”
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On the basis of component type, UAE digital signage market is segmented into Display, Media Player, Software and Content. Among these, the Display segment dominated the market in 2017 on the back of various technological innovations. Additionally, rising preference for LED displays is further expected to fuel demand for displays during the forecast period. Moreover, according to the voice-of-customer market survey conducted by TechSci Research, it was observed that the consumers using LED displays were higher in number as compared to other types of displays. In application area terms, indoor segment garnered the highest market share in 2017 on the back of ease of deployment and maintenance.
A large demand for digital signage emanates from the UAE’s north region as it is more developed. However, south region is anticipated to witness faster growth as a lot of new construction and infrastructure projects are currently underway in the region, which are expected to fuel demand for digital signages in the coming years. “The UAE digital signage market is anticipated to increasingly adopt integrated displays on the back of low import taxes by the government. China, Japan and South Korea are the leading exporters of smart displays with integrated system on Chips (SoCs) to the UAE. Moreover, these smart displays would incorporate software and media player, which would further boost demand for such digital signage during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“UAE Digital Signage Market By Component, By Application, By End User Sector, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of the UAE digital signage market and has also provided the statistics and information on market structure, size, share and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities prevalent in the UAE digital signage market.
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