GCC Digital Signage Market to Increase at 12% CAGR during 2017-2023, Predicts 6Wresearch in Its Topical Study Available at MarketPublishers.com
27 Oct 2017 • by Natalie Aster
LONDON – At present, there are more than 18 thousand projects nearing completion and under construction in the GCC region; their combined value is exceeding USD 2.3 billion. This region hosts different international events annually and would be the host of 2 major events (Dubai Expo 2020 and Qatar FIFA World Cup 2022) in the near future. These factors have given a boost to the construction of both indoor and outdoor infrastructure, thus, opening a range of lucrative opportunities for the marketers to demonstrate their products and services on the international platform, which encouraged the demand for digital signage solutions in this region.
The GCC digital signage market is predicted to grow at a 12% CAGR between 2017 and 2023. Continued development of the commercial infrastructure due to rising dependence of the regional government on non-hydrocarbon economic sectors (like hospitality, tourism, retails and education) has propelled robust growth of the regional digital signage market. rising spending of GCC countries on digital advertisement and ongoing technological progress also contribute to the market growth.
The UAE, Qatar and Saudi Arabia are the most prominent digital signage markets in the GCC region.
The leading companies operating in the GCC digital signage market comprise Panasonic, Samsung, LG, Sharp, Sony, NEC, Mood Media, Scala, Navori, Toshiba and BenQ.
Topical research report “GCC Digital Signage Market (2017-2023): Market Forecast By Components, By Display Screen Types, By Display Screen Technologies, By Display Screen Size, By End User Applications, By Countries and Competitive Landscape” prepared by 6Wresearch thoroughly examines the digital signage market performance in the GCC region. It uncovers reliable statistics and top level market data, sheds light on the market dynamics and major growth influencing factors, reviews the top trends and recent developments, offers a close look at the actual situation across the key country markets, touches upon the competitive scenario. Moreover, this publication contains profiles of the leading players engaged in the regional digital signage market. The report offers a detailed market segmentation analysis, evaluates the market shares and outlines future growth challenges and opportunities. Additionally, this research study gives a future outlook for the GCC digital signage market up to 2023.
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