Commercial Display Market to Reach US$ 84.7 Billion by 2030 - Exclusive Report By Acumen Research & Consulting

Acumen Research and Consulting recently published report titled “Commercial Display Market Size, Share, Analysis Report And Region Forecast, 2022 - 2030”

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DALLAS, June 14, 2022 (GLOBE NEWSWIRE) -- The global commercial display market size is estimated to grow a CAGR above 7% over the forecast timeframe and reach a market value of US$ 84.7 billion by 2030.

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The commercial display is a sub-segment of electronic displays that can be managed centrally or individually to display text, animation, or video messages to a global audience. These displays are extensively used in the retail and wholesale industries since they have a lengthy warranty and can run from 20 to 24 hours per day. Commercial displays with a versatile, clean, elegant design, cost-effectiveness, and user-friendliness are energy-efficient and catch customers' imaginations. Due to the proliferation of customer engagement devices and applications, it is critical in today's business environment to deploy efficient advertising solutions. Digital signage is one of the commercial displays with a low-cost medium for promoting and branding any product or service.

Report Coverage:

MarketCommercial Display Market
Market Size 2021US$ 45 Bn
Market Forecast 2030US$ 84.7 Bn
CAGR (2022 - 2030)Over 7%
Analysis Period2018 - 2030
Base Year2021
Forecast Data2022 - 2030
Segments CoveredBy Product, By Technology, By Component, By Type, By Size, By Application, By Region
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies ProfiledCisco Systems, Inc., Dell, Koninklijke Philips N.V., LG Display Co., Ltd., CDW, Japan Display Inc., NEC Display Solutions, Panasonic Corporation, Benq Corp., Samsung Display Co. Ltd., Sharp Electronics Corporation, and Sony Corporation.
Report CoverageMarket Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope10 hrs of free customization and expert consultation

Global Commercial Display Market Growth Aspects

Growing demand for digital screens in various end-use industries such as corporate, finance, retail, and tourism for service and product advertising and promotion is driving the global commercial display market. Furthermore, Fast urbanization and rapid population growth, rising government expenditure on infrastructure construction, and changing consumer lifestyles are fueling the expansion of the commercial display industry. Display technology advancements and increased demand for energy-efficient panels are moving the worldwide commercial display market forward. Additionally, the growing integration of technologies such as Artificial intelligence and deep learning in commercial displays is supporting market expansion globally. The advent of 4K and 8K screens is increasing the production of ultra-HD advertising, which is contributing significantly to market growth.

Currently, the COVID-19 epidemic has had a negative impact on the display industry since governments around the world have enforced temporary prohibitions and limits on all operations. China, as the premier manufacturing center for electronic items and materials, has also taken a significant financial hit because of its influence on the production environment. Furthermore, the high cost of the advanced display and the ease of availability of product alternatives are expected to pose a challenge to the commercial display industry in the coming years.

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Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global commercial display market. The Asia-Pacific market is expected to grow at a significant CAGR during the forecast period, due to the significant growth of its retail business and the shift from a product-centric to a customer-centric approach due to increased competition and changing customer behavior in high-potential regions such as Japan, China, South Korea, and India. Furthermore, rapid urbanization and industrialization also contribute to the region's growth, which leads to the expansion of numerous businesses and the increasing use of commercial displays in the region's hotel, healthcare, transportation, and retail industries.

Additionally, the shifting trend toward the use of these display solutions across a wide range of industries is expected to drive North America market expansion in the coming years. Furthermore, the increasing penetration of retail and hospitality units such as restaurants, shopping malls, cafes, and bars has created a strong demand for commercial displays, which has supported the growth of the North American commercial display market.

Market Segmentation

The global commercial display market has been segmented by Acumen Research and Consulting based on product, technology, components, type, size, and application. Based on the product, the market is divided into display TVs, display monitor, and digital signage. Based on technology, the market split into LCD, LED, and others. Based on components, the market is classified into hardware, software, and services. Based on type, the market is categorized into flat panel, curved panel, and others. Based on size, the market is segmented into below 32 inches, 32 to 52 inches, 52 to 75 inches, and above 75 inches. Based on application, the market is fragmented into below retail, entertainment, hospitality, corporate, healthcare, stadiums & playgrounds, banking, education, and transportation.

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Major Players

Some key players covered global in the commercial display industry are Cisco Systems, Inc., Dell, Koninklijke Philips N.V., LG Display Co., Ltd., CDW, Japan Display Inc., NEC Display Solutions, Panasonic Corporation, Benq Corp., Samsung Display Co. Ltd., Sharp Electronics Corporation, and Sony Corporation.

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The global virtual reality advertisement market is anticipated to grow at a CAGR of around 21.1% during the forecast period 2022 to 2030 and reach around US$ 1,899 Mn by 2030.

The global display technology market is anticipated to grow at a CAGR of around 5.8% during the forecast period 2022 to 2030 and to reach around US$ 210 Bn by 2030.

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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