Market Forecast By Product Type (Display Screen, Content Player, Software, Kiosk), By Display Screen Type (Panel Based, True Color LED), By Panel Based Display Screen Technology (LED, OLED, QLED), By True Color Application (Indoor, Outdoor), By Pixel Pitch (Indoor, Outdoor), By Verticals (Commercial (office Spaces), Transportation, Retail, Hospitality, Healthcare, Entertainment (Sports, Cultural and Reality Events, Amusement Parks), Others (Education & BFSI)) And Competitive Landscape
Product Code: ETC371315 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Australia Digital Signage market currently, in 2023, has witnessed an HHI of 3367, Which has increased slightly as compared to the HHI of 1790 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 50.89% over the previous year. While the USA registered a growth of 11.12% as compared to the previous year. In the year 2017, China was the largest exporter followed by Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 2300 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 3435 which signifies a high concentration in the market.
Report Name | Australia Digital Signage Market |
Forecast period | 2024-2030 |
CAGR | 4.1% |
Growing Sector | Commercial |
Australia Digital Signage Market report thoroughly covers the market product type, Display Screen Type, True Colour Application, pixel pitch and verticals. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Digital Signage Market is characterized by a vibrant blend of global players and local innovators who continually push the boundaries of digital display technology. The market thrives on diversity and adaptation to domestic needs. Government support, technological advancements, and a keen interest in enhancing retail experiences have positioned Australia as fertile ground for digital signage solutions. With trends indicating a shift towards AI integration and smart city initiatives, the market is poised for substantial growth, promising an evolving landscape for both consumers and businesses.
According to 6Wresearch, the Australia Digital Signage Market size is projected to grow at the CAGR of 4.1% during the forecast period of 2024-2030. One of the major drivers of the Australia digital signage market is the shift towards digital transformation in businesses. With more companies looking to enhance their customer engagement and improve operational efficiency, digital signage has become a popular choice for delivering targeted and real-time messages. The rising use of smartphones and the internet has also played a significant role in driving the market. With consumers becoming increasingly connected and accustomed to digital content, businesses are leveraging digital signage to capture their attention and promote their products or services. The market is witnessing several trends that are shaping Australia Digital Signage Market Growth. One of the notable trends is the integration of artificial intelligence (AI) and data analytics into digital signage solutions. This allows for better targeting and personalization of content, leading to improved customer engagement. Another trend is the use of interactive digital signage, which allows consumers to engage with the content and receive real-time information. This can range from touch screens to gesture control and even voice recognition. Despite its growing popularity, the Australia digital signage market has faced some challenges. One of the major concerns is the high initial investment required for setting up a digital signage network. This can be a deterrent for small and medium-sized businesses looking to adopt this technology. Another challenge is the limited understanding of how to effectively use digital signage for maximum impact. Many businesses struggle with creating engaging content and managing their digital signage network, resulting in underutilization of the technology.
The Australian government has launched various initiatives to support the deployment of digital signage technology. This includes investments in smart city projects that allocate funds for the installation of digital signages in public spaces. Government incentives for technology adoption in businesses and infrastructural development plans are also in place, aiming to boost the visibility and innovation within the digital signage sector.
Key players in the Australia digital signage industry include big names like Samsung and LG, who are prominent for their high-quality displays and digital signage solutions. These are complemented by local firms such as Coates Signco and Mandoe, which offer digital signage services customized for the Australian market demographics and conditions.
The Digital signage market in Australia is expected to experience robust growth due to the increasing demand for retail analytics and the adoption of AI-driven interactive signages. With the retail industry looking for new ways to engage customers and smart city initiatives continuing to sprout, the future for digital signage in Australia appears dynamic and promising. Additionally, the rise of e-commerce and online shopping could also drive the demand for digital signage as brick-and-mortar retailers look for ways to enhance their in-store experiences.
The Australia digital signage market is predicted to experience significant growth in the coming years. This growth can be attributed to various factors such as technological advancements, increased adoption of digital marketing strategies by businesses, and the growing demand for interactive and engaging content.One of the key segments driving this growth is the product type segment. Within this segment, display screens are expected to witness a substantial increase in demand. With the rise of digital out-of-home advertising, businesses are increasingly investing in display screens to effectively showcase their brand and products to a larger audience.
According to Dhaval, Research Manager, 6Wresearch, amongst all verticals, the commercial (office spaces) segment is projected to dominate the market. This can be attributed to the increasing use of digital signage in offices for internal communication and employee engagement.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Australia Digital Signage Market Overview |
3.1 Australia Regional Indicators |
3.2 Australia Digital Signage Market Revenues and Volume, 2020-2030F |
3.3 Australia Digital Signage Market Revenue Share, By Components, 2020 & 2030F |
3.4 Australia Digital Signage Market Revenue Share, By Display Screen Types, 2020 & 2030F |
3.5 Australia Digital Signage Market Revenue Share, By Display Screen Technologies, 2020 & 2030F |
3.6 Australia Digital Signage Market Revenue Share, By Display Screen Sizes, 2020 & 2030F |
3.7 Australia Digital Signage Market Revenue Share, By End-User Applications, 2020 & 2030F |
3.8 Australia Digital Signage Market - Industry Life Cycle |
3.9 Australia Digital Signage Market - Porter’s Five Forces |
4. Australia Digital Signage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Australia Digital Signage Market Trends |
6. Australia Digital Signage Market Overview, By Components |
6.1 Australia Digital Signage Market Revenues & Volume, By Display Screens, 2020-2030F |
6.2 Australia Digital Signage Market Revenues & Volume, By Content Player, 2020-2030F |
6.3 Australia Digital Signage Market Revenues & Volume, By Software, 2020-2030F |
7. Australia Digital Signage Market Overview, By Display Screen Types |
7.1 Australia Digital Signage Market Revenues & Volume, By Single Screen, 2020-2030F |
7.2 Australia Digital Signage Market Revenues & Volume, By Multi Screen/Video Wall, 2020-2030F |
7.3 Australia Digital Signage Market Revenues & Volume, By Digital Signage Kiosk, 2020-2030F |
8. Australia Digital Signage Market Overview, By Display Screen Technologies |
8.1 Australia Digital Signage Market Revenues & Volume, By LED, 2020-2030F |
8.2 Australia Digital Signage Market Revenues & Volume, By OLED, 2020-2030F |
8.3 Australia Digital Signage Market Revenues & Volume, By QLED, 2020-2030F |
9. Australia Digital Signage Market Overview, By Display Screen Sizes |
9.1 Australia Digital Signage Market Revenues & Volume, By Below 40'', 2020-2030F |
9.2 Australia Digital Signage Market Revenues & Volume, By 40''-55'', 2020-2030F |
9.3 Australia Digital Signage Market Revenues & Volume, By Above 55'', 2020-2030F |
10. Australia Digital Signage Market Overview, By End-User Applications |
10.1 Australia Digital Signage Market Revenues & Volume, By Government & Transportation, 2020-2030F |
10.2 Australia Digital Signage Market Revenues & Volume, By Retail, 2020-2030F |
10.3 Australia Digital Signage Market Revenues & Volume, By Hospitality, 2020-2030F |
10.4 Australia Digital Signage Market Revenues & Volume, By Healthcare, 2020-2030F |
10.5 Australia Digital Signage Market Revenues & Volume, By Education, 2020-2030F |
10.6 Australia Digital Signage Market Revenues & Volume, By Entertainment, 2020-2030F |
10.7 Australia Digital Signage Market Revenues & Volume, By Banks & Financial Institutions, 2020-2030F |
10.8 Australia Digital Signage Market Revenues & Volume, By Commercial Offices & Buildings, 2020-2030F |
11. Australia Digital Signage Market - Key Performance Indicators |
12. Australia Digital Signage Market Opportunity Assessment |
12.1 Australia Digital Signage Market Opportunity Assessment, By Components, 2030F |
12.2 Australia Digital Signage Market Opportunity Assessment, By Display Screen Types, 2030F |
12.3 Australia Digital Signage Market Opportunity Assessment, By Display Screen Technologies, 2030F |
12.4 Australia Digital Signage Market Opportunity Assessment, By Display Screen Sizes, 2030F |
12.5 Australia Digital Signage Market Opportunity Assessment, By End-User Applications, 2030F |
13. Australia Digital Signage Market Competitive Landscape |
13.1 Australia Digital Signage Market Revenue Share, By Companies, 2023 |
13.2 Australia Digital Signage Market Competitive Benchmarking, By Operating Parameters, 2023 |
14. Company Profiles |
15. Strategic Recommendations |
16. Disclaimer |