The global commercial display market is anticipated to witness significant growth over the forecast period on account of inflating demand arising from different end-users of the commercial sector worldwide. Rapid urbanization leading to the flourishing commercial industry in the developing economies is paving the way for enhanced marketing, and promotional strategies in order to advertise the products & services in an effective & impactful way. As a result, the demand for commercial displays is escalating notably and is likely to continue growing with the foreseeable duration across the world.
Commercial sector refers to those establishments/organizations engaged in the commerce activities other than manufacturing and industrial businesses. The commercial areas considered here in the scope of the study include establishments, companies, organizations, & institutions including retail chains & stores, hospitality, entertainment, corporate, BFSI, healthcare, education, and transportation. The non-commercial consumers and the establishments which are engaged in manufacturing and industrial activities are excluded and are not considered under the commercial display market scope.
The end-user commercial sectors that have been considered under the scope covers the demand originating from retail stores such as retail shops in the shopping malls, individual retail stores & chains, groceries stores & supermarkets, hospitality businesses such as hotels, restaurants, cafes, food joints, & eateries, and motels, entertainment sector includes theaters, amphitheaters, amusement parks, & auditoriums, healthcare sector covers clinics, hospitals, healthcare centers, transportation, education, corporate, and the BFSI sector. The retail end-user sector holds the major market size currently, however, healthcare, transportation, and education sectors are projected to portray significant growth in the coming seven years.
North America region accounted for the prominent market share in 2017 owing to the presence and noteworthy adoption of advanced display solutions across various commercial sectors. Although, the Asia Pacific region is expected to grow substantially over the forecast period on account of rapid urbanization in the developing countries and the growing adoption of commercial displays across healthcare, hospitality, transportation, and retail sectors. Additionally, technological advancements leading to the development of advanced displays and software solution such as audience engagement, people counting & tracking, and compelling content management is paving the way for remarkable adoption of the commercial displays across the globe.
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