According to a new report from Berg Insight, a Swedish research firm, global shipments of connected, digital-signage displays are estimated to have grown 19.7% to 10.5 million units in 2016. Shipments to North America reached 3.0 million units, the report states.
Market growth was driven by greater demand for digital-signage solutions in all market verticals, technological advancements and a continued decline in prices, the report adds.
Berg Insight forecasts that global shipments of connected digital signs will grow at a compound annual growth rate (CAGR) of 16.7% in the next five years to reach 22.9 million units by 2021. As a result, the number of connected digital signage displays in active use worldwide will grow at a CAGR of 18.3% from an estimated 37.6 million in 2016 to 87.2 million units in 2021.
Berg describes the digital-signage industry as “highly fragmented.”
More details about the research can be found at http://www.berginsight.com/News.aspx?m_m=6&s_m=1