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Digital signage is today used in numerous market verticals such as retail, healthcare, transportation, office and enterprise, education, foodservice and outdoor signage. At the end of 2014, there were approximately 25.4 million connected digital screens in use worldwide. Berg Insight forecasts that this number will grow at a CAGR of 20.2 percent to reach 63.8 million units by 2019.

According to a Markets and Markets research report, global shipments of connected digital signage displays grew by 21.7 percent to 7.3 million units in 2014. Market growth is driven by greater demand for digital signage solutions in all market verticals, technological advancements and a continued decline in prices. Shipments to the EU28+2 countries totaled 1.8 million units, whereas shipments to North America reached 2.1 million units. The Rest of World region accounted for the remaining 3.4 million units shipped in the year.

Berg Insight forecasts that global shipments of digital signage displays will grow at a compound annual growth rate (CAGR) of 18.7 percent in the next five years to reach 17.2 million units by 2019. As a result, the number of connected digital signage displays in active use worldwide will grow from 25.4 million in 2014 at a CAGR of 20.2 percent to 63.8 million in 2019. A new trend in the digital signage market is the expansion in both the high-end segment and the entry-level segment.

This article was originally published in the Industry News section of www.signs.org

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