SANTA CLARA, Calif. (June 8, 2015) -- As the total cost for digital signage continues to decrease each year, expanded deployment becomes more feasible for larger audiences in many industry sectors. According to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, with the availability of larger panels, ultra-narrow bezel video wall displays, higher resolution, lower power consumption and a variety of content management software available in the market, overall revenue for the digital signage market is expected to increase by 10 percent in 2015 and 7 percent in 2016.
Based on the latest information from the IHS Digital Signage Industry Market Tracker, software revenue had its strongest overall growth in 2014, generating $431 million -- an increase of 21 percent over the previous year. Media players and set-top boxes (STBs) had the next largest increase of 19 percent, followed by digital out-of-home media revenue at 11 percent.
“As the 4K ecosystem continues to mature, further revenue growth for media players, set-top boxes and PCs will be driven by the expansion of 4K digital signage solutions,” said Sanju Khatri, director of digital signage and professional displays for IHS Technology. “An increase in the availability of 4K media players, along with decreased costs for entry into the space, will help propel strong growth this year and in 2016.”
The IHS Digital Signage Industry Market Tracker presents data devoted to the digital signage monitor and digital signage TV markets, measuring growth rates in units, revenue, and pricing for various display technologies, including liquid crystal display (LCD), plasma display panel (PDP), light-emitting diode (LED) video, front and rear projection, media players, set-top boxes, and PCs in eight vertical markets. For information about purchasing this report, contact the sales department at IHS in the Americas at +1 844 301 7334 or AmericasLeads@ihs.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or firstname.lastname@example.org; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihs.com.
Connect with IHS industry analysts at the InfoComm 2015 conference in Orlando, Florida, June 13-19, 2015, to learn more about the signage and digital display markets. For more information about this conference, visit http://www.infocommshow.org.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
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