According to a new report, published by KBV research, The Global Digital Signage Software Market size is expected to reach $18.79 billion by 2031, rising at a market growth of 9.8% CAGR during the forecast period.
The Software segment is leading the Global Digital Signage Software Market by Component in 2023; thereby, achieving a market value of $11.50 billion by 2031. This segment’s strong performance is driven by the increasing demand for dynamic and interactive content management solutions across various industries, including retail, hospitality, education, and transportation. The software enables businesses to efficiently manage and display digital content on multiple screens, providing an engaging and informative experience for customers and audiences.
The Entertainment & Hospitality segment exhibits a CAGR of 9.2% during (2024 - 2031). Digital signage in this vertical is widely utilized to enhance guest experiences, provide wayfinding assistance, display promotional content, and facilitate interactive services in hotels, restaurants, casinos, and entertainment venues. Delivering dynamic and engaging content helps establishments in this sector attract and retain customers, streamline operations, and create a memorable experience, thereby driving the demand for advanced digital signage solutions.
Full Report: https://www.kbvresearch.com/digital-signage-software-market/
The North America region dominated the Global Digital Signage Software Market by Region in 2023; thereby, achieving a market value of $6.57 billion by 2031. The Europe region is expected to witness a CAGR of 9.4% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 10.6% during (2024 - 2031).
By Component
By Vertical