The Industry
The analog printing sign industry is going through a paradigm shift similar to when the industry transitioned from printing signs to digital imaging.
- "The digital signage industry is growing at a CAGR (Compound Annual Growth Rate) of over 20% reaching $1.3 billion by the end of year (2009)." Sales of hardware, software, installation and integration services, and support for all commercial display applications totaled nearly 2.7 billion in 2008.
- For networked display systems in retail and public spaces, networked operation/management services and advertising revenues generated an additional $413 million.
- "This industry is expected to demonstrate a CAGR in excess of 25% over the next five years."
- Cost-effective LCD's are becoming the most popular technology for digital signage applications because of their longevity, reliability, low power consumption, and attractive price point.