India Digital Signage Market 2019-2029 By Size, Share, and Forecast

Summary

Report Description

The India Digital Signage market is growing at a robust growth rate owing to interactive digital signage, video walls, and usage of AI powered technology.

India Digital Signage Market Scope

Digital signage refers to the use of digital displays or screens, such as LCD or LED panels, to display multimedia content for advertising, information sharing, or entertainment purposes. It can display a variety of multimedia content, including images, videos, text, and animations, and can be used to deliver targeted messaging to specific audiences.

The India Digital Signage Market has been segregated by main categories like Dynamic Digital Signage, Automated Digital Signage, Advertising Digital Signage, and Interactive Digital Signage. These categories are significantly known for offering distinguished features.

Dynamic Digital Signage refers to digital displays that are capable of delivering dynamic and engaging content, such as videos, animations, and live data feeds. These displays can be controlled remotely and updated in real-time to ensure that the content remains fresh and relevant.

Automated Digital Signage is defined as a digital displays that is controlled by an automated system or software. This software can schedule and update content, monitor and adjust display settings, and collect data on audience engagement and performance.

Whereas Advertising Digital Signage is used for advertising purposes. These displays can be found in a wide range of public spaces, such as airports, shopping malls, and sports arenas, and are used to deliver targeted advertising messages to specific audiences.

Interactive Digital Signage refers to digital displays that incorporate interactive features, such as touch screens, motion sensors, and facial recognition software. These displays can be used to engage audiences and create a more immersive experience, such as allowing customers to browse products, place orders, or provide feedback.

India Digital Signage Market Overview

The digital signage market in India is growing rapidly and is expected to continue to do so in the coming years. Digital signage is being adopted by numerous businesses and organizations across various sectors, including retail, hospitality, healthcare, transportation, and education, among others. The market is being driven by several factors, including the increasing demand for interactive and engaging experiences, advancements in technology, the growing trend towards cloud-based solutions, and the need for effective marketing and communication strategies.

The government's Digital India initiative is serving as a driving force in the market, aiming to facilitate the transformation of the country into a digitally empowered society and knowledge economy. The initiative is expected to drive the adoption of digital signage in various sectors, including healthcare, education, and transportation.

India Digital Signage Market Drivers

The digital signage market in India has experienced notable growth in recent years, propelled by various influential factors. One prominent driver of this expansion is the burgeoning retail industry in India, which has generated a heightened demand for digital signage solutions. These solutions enable retailers to effectively promote their products and services through engaging and interactive displays. Additionally, the rising demand for advertising in India has also contributed to the growth of the digital signage market, as businesses look for more cost-effective ways to reach their target audience. Advancements in technology have also played a crucial role in driving the growth of the digital signage market, making it more affordable and accessible for businesses of all sizes to adopt this technology. The hospitality industry in India has also witnessed significant growth, and digital signage has emerged as an effective way for hotels and restaurants to communicate with their guests. Furthermore, the Indian government has launched several initiatives to promote digitalization in the country, which has led to an increased adoption of digital signage in various sectors.

India Digital Signage Market Trends

The digital signage market in India is evolving rapidly, and there are several key trends that are shaping the industry. One of the most significant trends is the shift towards interactive digital signage, which is becoming increasingly popular as businesses seek to engage their customers in more immersive and personalized ways. This trend is especially prevalent in the retail and hospitality sectors, where businesses are using digital signage to create interactive experiences that encourage customers to engage with their products or services. Another trend in the Indian digital signage market is the increasing adoption of cloud-based solutions, which offer greater flexibility, scalability, and ease of management. Video walls are also emerging as a popular choice for large-scale digital signage installations, providing businesses with the ability to create stunning visual displays that are sure to grab attention. Integration with mobile devices is another trend that is gaining traction, allowing businesses to create more personalized experiences for their customers and gather valuable data on their behavior and preferences. Finally, AI-powered digital signage is also emerging as a trend, with businesses leveraging the power of AI to provide more targeted and relevant content to their customers.

India Digital Signage Market Challenges

While the digital signage market in India presents several opportunities, it also faces a number of challenges. One of the biggest challenges is the lack of awareness and understanding of digital signage technology among many businesses. This can lead to a slow adoption rate and a reluctance to invest in digital signage solutions. Another challenge is the high cost of implementation and maintenance, which can be a barrier for many small and medium-sized businesses. Additionally, the Indian market is highly diverse, with varying levels of infrastructure which can make it challenging to deploy digital signage solutions uniformly.

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Market Recent Developments

In 2023, The latest version of LG MAGNIT, a high-end Micro LED, has been released by LG Electronics (LG), the industry leader in innovative, adaptable, and feature-rich commercial display and digital signage products and solutions.

Full Black Coating technology, which LG MAGNIT has, produces much deeper black than traditional package LED signage. This gives the color more vibrancy and brings out details that were hidden in the shadows, immersing viewers in the scene.

In 2022, Xtreme Media opened new experience centers in Delhi and Bengaluru. The company, a pioneer in LED display solutions, offers clients innovative LED video wall solutions. Their indoor and outdoor displays, which offer high-quality images and exceptional color reproduction, are created and manufactured in India. The company recently installed more than 1000 LED screens, which is the most in the sector. With over 25 years of experience, the brand creates customer-focused innovations of lasting quality and provides industry-leading service.
In 2022, to deliver contrast and brightness to its digital signage customers across retail, transportation, museums, public spaces, and more, Sharp & NEC announces the launch of the FA and FE Series, the newly launched Direct View LED displays that feature next generation durability and use the most recent flip chip technology. The NEC FC Series' robust design allows the screen to withstand damage by being anti-collision, anti-electrostatic, anti-water drop, and dustproof instead of using the more modern COB (flip chip) multi-Color LEDs.

Market Opportunities

The digital signage market in India presents several opportunities for businesses looking to enhance their marketing and communication strategies. One of the biggest opportunities is the increasing demand for interactive and personalized experiences, which digital signage can provide. With advancements in technology, businesses can now create immersive and engaging experiences for their customers, which can help them stand out in a crowded market. Another opportunity is the growing trend towards cloud-based solutions, which can provide businesses with greater flexibility, scalability, and cost-effectiveness. Furthermore, the Indian market is highly diverse, with varying levels of infrastructure and technological advancement across different regions, which presents opportunities for businesses to customize their digital signage solutions based on local needs and preferences. Finally, the increasing adoption of AI-powered digital signage presents opportunities for businesses to deliver more targeted and relevant content to their customers. Overall, the digital signage market in India presents numerous opportunities for businesses to enhance their marketing and communication strategies and stay ahead of the competition.

Market Segmentation

The India Digital Signage market is segmented based on type, application, display technology, end user, and region. Based on type the market is segmented into dynamic digital signage, automated digital signage, advertising digital signage, and interactive digital signage. By application the market is fragmented into indoor and outdoor. Based on display technology the market is divided into LCD, LED, OLED, and others (QLED, HD, etc.). Based on end user the market is segmented into government & transportation, retail, banks & financial institutions, commercial buildings, media & entertainment, and others (education, hospitality, etc.). Based on region, the market is divided into north, south, east, west.

Company Profiles

Samsung India Electronics Pvt. Ltd., LG Electronics India Pvt. Ltd., Xtreme Media Pvt. Ltd., Panasonic Life Solutions India Pvt. Ltd., NEC Corporation India Private Limited, Sharp Business Systems (India) Pvt Ltd, TruKnox Pvt. Ltd., Nusyn Digital Solutions Private Limited, Christie Digital System Pvt Ltd, and Pixel LED Private Limited are some of the major players in the India Digital Signage market.

Attribute	Details
Base Year	2023
Historic Data	2019 – 2022
Estimated Year	2024
Forecast Period	2025 – 2029
Quantitative Units	Value in USD Million, Volume in thousand units, CAGR for 2019-2023 and 2024-2029
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Type Application Display Technology End User Region
Regional scope	North, West, South, East.
Key Companies Profiled	Samsung India Electronics Pvt. Ltd., LG Electronics India Pvt. Ltd., Xtreme Media Pvt. Ltd., Panasonic Life Solutions India Pvt. Ltd., NEC Corporation India Private Limited, Sharp Business Systems (India) Pvt Ltd, TruKnox Pvt. Ltd., Nusyn Digital Solutions Private Limited, Christie Digital System Pvt Ltd, and Pixel LED Private Limited
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, India Digital Signage market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Digital Signage Market, By Type:

Dynamic Digital Signage
Automated Digital Signage
Advertising Digital Signage
Interactive Digital Signage

India Digital Signage Market, By Application:

Indoor
Outdoor

India Digital Signage Market, By Display Technology:

LCD
LED
OLED
Others

India Digital Signage Market, By End User:

Government & Transportation
Retail, Banks & Financial Institutions
Commercial Buildings
Media & Entertainment
Others

India Digital Signage Market, By Region:

North
West
South
East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Digital Signage market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Digital Signage Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis

4.1. Brand Awareness

4.2. Factors Influencing Purchase Decision

4.3. Challenges Faced

5. India Digital Signage Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Dynamic Digital Signage, Automated Digital Signage, Advertising Digital Signage, and Interactive Digital Signage)

5.2.2. By Application Market Share Analysis (Indoor and Outdoor)

5.2.3. By Display Technology Market Share Analysis (LCD, LED, OLED, and Others (QLED, HD, etc.))

5.2.4. By End User Market Share Analysis (Government & Transportation, Retail, Banks & Financial Institutions, Commercial Buildings, Media & Entertainment and Others (Education, Hospitality, etc.))

5.2.5. By Regional Market Share Analysis

5.2.5.1. North India Market Share Analysis

5.2.5.2. West India Market Share Analysis

5.2.5.3. South India Market Share Analysis

5.2.5.4. East India Market Share Analysis

5.2.6. By Top 5 Companies Market Share Analysis, Others (2023)

5.3. India Digital Signage Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Application Market Mapping & Opportunity Assessment

5.3.3. By Display Technology Market Mapping & Opportunity Assessment

5.3.4. By End User Market Mapping & Opportunity Assessment

5.3.5. By Region Market Mapping & Opportunity Assessment

6. India Dynamic Digital Signage Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Application Market Share Analysis

6.2.2. By Display Technology Market Share Analysis

6.2.3. By End User Market Share Analysis

7. India Automated Digital Signage Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Application Market Share Analysis

7.2.2. By Display Technology Market Share Analysis

7.2.3. By End User Market Share Analysis

8. India Advertising Digital Signage Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Application Market Share Analysis

8.2.2. By Display Technology Market Share Analysis

8.2.3. By End User Market Share Analysis

9. India Interactive Digital Signage Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Application Market Share Analysis

9.2.2. By Display Technology Market Share Analysis

9.2.3. By End User Market Share Analysis

10. Market Dynamics

10.1. Drivers

10.1.1. Growing Retail Industry

10.1.2. Rising Demand for Advertising

10.1.3. Advancements in Technology

10.2. Challenges

10.2.1. High Costs

10.2.2. Lack of Standardization

11. Market Trends & Developments

11.1. Interactive Digital Signage

11.2. Cloud-Based Digital Signage

11.3. Rising trend of Video Walls

11.4. Integration with Mobile Devices

11.5. AI-powered Digital Signage

12. Porter’s Five Forces Model

12.1. Competitive Rivalry

12.2. Bargaining Power of Buyers

12.3. Bargaining Power of Suppliers

12.4. Threat of New Entrants

12.5. Threat of Substitutes

13. SWOT Analysis

13.1. Strengths

13.2. Weaknesses

13.3. Opportunities

13.4. Threats

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Samsung India Electronics Pvt. Ltd.

16.1.1.1. Company Details

16.1.1.2. Product

16.1.1.3. Financials (As Per Availability)

16.1.1.4. Key market Focus & Geographical Presence

16.1.1.5. Recent Developments

16.1.1.6. Key Management Personnel

16.1.2. LG Electronics India Pvt. Ltd.

16.1.2.1. Company Details

16.1.2.2. Product

16.1.2.3. Financials (As Per Availability)

16.1.2.4. Key market Focus & Geographical Presence

16.1.2.5. Recent Developments

16.1.2.6. Key Management Personnel

16.1.3. Xtreme Media Pvt. Ltd.

16.1.3.1. Company Details

16.1.3.2. Product

16.1.3.3. Financials (As Per Availability)

16.1.3.4. Key market Focus & Geographical Presence

16.1.3.5. Recent Developments

16.1.3.6. Key Management Personnel

16.1.4. Panasonic Life Solutions India Pvt. Ltd.

16.1.4.1. Company Details

16.1.4.2. Product

16.1.4.3. Financials (As Per Availability)

16.1.4.4. Key market Focus & Geographical Presence

16.1.4.5. Recent Developments

16.1.4.6. Key Management Personnel

16.1.5. NEC Corporation India Private Limited

16.1.5.1. Company Details

16.1.5.2. Product

16.1.5.3. Financials (As Per Availability)

16.1.5.4. Key market Focus & Geographical Presence

16.1.5.5. Recent Developments

16.1.5.6. Key Management Personnel

16.1.6. Sharp Business Systems (India) Pvt Ltd

16.1.6.1. Company Details

16.1.6.2. Product

16.1.6.3. Financials (As Per Availability)

16.1.6.4. Key market Focus & Geographical Presence

16.1.6.5. Recent Developments

16.1.6.6. Key Management Personnel

16.1.7. TruKnox Pvt. Ltd.

16.1.7.1. Company Details

16.1.7.2. Product

16.1.7.3. Financials (As Per Availability)

16.1.7.4. Key market Focus & Geographical Presence

16.1.7.5. Recent Developments

16.1.7.6. Key Management Personnel

16.1.8. Nusyn Digital Solutions Private Limited

16.1.8.1. Company Details

16.1.8.2. Product

16.1.8.3. Financials (As Per Availability)

16.1.8.4. Key market Focus & Geographical Presence

16.1.8.5. Recent Developments

16.1.8.6. Key Management Personnel

16.1.9. Christie Digital System Pvt Ltd

16.1.9.1. Company Details

16.1.9.2. Product

16.1.9.3. Financials (As Per Availability)

16.1.9.4. Key market Focus & Geographical Presence

16.1.9.5. Recent Developments

16.1.9.6. Key Management Personnel

16.1.10. Pixel LED Private Limited

16.1.10.1. Company Details

16.1.10.2. Product

16.1.10.3. Financials (As Per Availability)

16.1.10.4. Key market Focus & Geographical Presence

16.1.10.5. Recent Developments

16.1.10.6. Key Management Personnel

17. Strategic Recommendations/Action Plan

17.1. Key Focus Area

17.2. Target Type

18. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the types of digital signage?

Dynamic digital signage, automated digital signage, advertising digital signage, and interactive digital signage are the types of digital signage.

What are the drivers of India Digital Signage market?

Growing Retail Industry, Rising Demand for Advertising, and Advancements in Technology are the major drivers in the India digital signage market.

What are the challenges of India Digital Signage market?

High cost and lack of awareness are the major challenges in the India digital signage market.

Who are the key players in the India Digital Signage market?

The key players in the India Digital Signage market are Samsung India Electronics Pvt. Ltd., LG Electronics India Pvt. Ltd., Xtreme Media Pvt. Ltd., Panasonic Life Solutions India Pvt. Ltd., NEC Corporation India Private Limited, Sharp Business Systems (India) Pvt Ltd, TruKnox Pvt. Ltd., Nusyn Digital Solutions Private Limited, Christie Digital System Pvt Ltd, and Pixel LED Private Limited.

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Press Release

India Digital Signage Market to Grow with a CAGR of 4.3% through 2029

Jun, 2023

India Digital Signage Market continues to thrive due to factors such rising advertising expenditure, increasing urbanization, government initiatives

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