The Global Sign Market Report by The Business Research Company covers sign market drivers and restraints, sign market size, major players, and the impact of COVID-19 on the sign market.
The sign market consists of sales of signs by entities (organizations, sole traders and partnerships) that produce signs. The sign manufacturing industry comprises establishments that produce signs and related displays of all materials (except printing paper and paperboard signs, notices, displays). The sign market is segmented into traditional billboards and signs, digital billboards and signs and other signs.
There is a rise in demand for digital signage due to its better information managing capabilities. Digital Signage is an obscurely administered digital display that is used for sales, marketing or advertisement purposes.
The global sign market is expected to grow from $99.81 billion in 2020 to $105.25 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $129.31 billion in 2025 at a CAGR of 5%.
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Some sign market trends include the rise in demand for digital signage due to its better information managing capabilities. Digital Signage is an obscurely administered digital display that is used for sales, marketing or advertisement purposes. Digital Signage enables to easily deploy advertisements and also saves cost and time on logistics and printing materials. Multi-Screen Experience, Streaming Advertisements over IP and Integration of Bluetooth to enable a two way communication are few of the digital signage types that are on the rise.
Global sign market segments include:
1) By Type: Traditional Billboards And Signs, Digital Billboards And Signs, Other Sign.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest global sign market share.
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The Sign Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides sign market overviews, analyzes and forecasts market size, share, sign market players, sign market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The sign market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Sign Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Samsung Electronics Co.Ltd., LG Display Co.Ltd, NEC Display Solutions, Sharp Corporation, Planar Systems.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The sign Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The sign Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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