UAE Digital Signage Market to Grow at 18% until 2023
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.
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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.
About TechSci Research
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fulltime Analysts and Consultants employing innovative research solutions and
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to lead rather than follow market trends.
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