India digital signage market to grow at a CAGR of 18% by 2022

Research and Markets has released the report on “India digital signage market by component, by application, competition forecast and opportunities, 2012-2022.”

The India digital signage is forecast to exhibit a CAGR of over 18% in value terms during the forecast period.

Factors leading to the growth in India digital signage market include:

  1. Increasing use of digital signage for outdoor advertisting
  2. Increased use of digital media by Government and Transportation sectors
  3. Increased use in marketing by organizations
  4. Growing number of events such as the Indian Premier League (IPL), Lakme Fashion Week, International music festivals such as Sunburn and Supersonic

Some of the companies covered in the report include LG, NEC, Samsung, Panasonic, Sharp, Lanesquare, Xtreme media, Nusyn, TPV and Truknox.

Further information can be obtained from http://www.researchandmarkets.com/research/wl4r9j/india_digital

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