Digital Out-of-home Advertising Market Worth A USD 16.8 Billion By 2028Posted by rahul nikade on January 23rd, 2023 Digital Out-of-home Advertising Industry Overview The global digital out-of-home advertising market size was valued at USD 6.8 billion in 2021 and is expected to expand at 13.8% from 2022 to 2028. Digital out-of-home advertising is one of the fastest-growing advertising types due to expansion into new venues & markets, innovation, and enhanced features in outdoor advertising are accelerating the market growth. Moreover, the increasing demand for creative and interactive displays of full-motion video and the inclusion of animation has expected to drive market growth in the forecast period. Digital out-of-home advertising is a form of outdoor advertising for outdoor and integrating both digital components and offline out-of-home advertising. These digital advertisements are displayed on real estate present in various locations that are publicly accessible. Digital out-of-home advertisements provide innovative and creative content and it becomes more interactive and creative due to the display of data on digital screens in real-time. Gather more insights about the market drivers, restrains and growth of the Global Digital Out-of-home Advertising Market This feature results in better visibility of digital screens. the growing trend for interactive advertisements for consumers results in the increased adoption of digital out-of-home advertisements hence driving the market growth. Digital out-of-home advertisements are cost-effective using which commercials can reach a wide range of populations thus their usage is high and increasing thus fueling the market growth in the forecast period. Additionally, the growing urbanization and rising infrastructure development across the globe are anticipated to propel the market growth during the forecast period. Furthermore, the increasing spending on outdoor advertising by various industries owing to its ability to run multiple advertisements on a single screen is accelerating market growth. Digital outdoor advertising is gaining popularity in the advertising world as it creates brand awareness among people and also compliments the brand’s advertising campaigns on other channels, which are projected to accelerate the market growth. Moreover, as individuals spend more time outside their office and home, that allows brands to reach a mass audience consistently and rapidly through out-of-home advertising is accelerating the market growth in the forecast period. However, the intense competition among the vendors of the out-of-home advertising business is restraining the market growth. Advancement in programmatic technology such as automated buying and selling of digital billboards and screens has led to a significant increase in market growth. However, strict government regulations regarding out-of-home advertising, data security, and privacy, such as General Data Protection Regulation (GDPR) in Europe will continue to hinder the market growth. In the U.S., the HBA regulates the placement and size of the billboards and regulates out-of-home advertising on controlled roads. The COVID-19 epidemic has negatively affected the digital out-of-home advertising business. In response to the pandemic, governments around the world implemented several measures to try to contain the virus, such as quarantines, shutdowns, travel bans and restrictions, and work-from-home orders. These measures have impacted on workforce and operations of the out-of-home advertising industry, the behaviors of advertising customers and consumers, and the operations of raw material suppliers. Moreover, the ease of several restrictions and infrastructure development in emerging economies is projected to drive market growth in the forecast period. Browse through Grand View Research's Digital Media Industry Research Reports.
Digital Out-of-home Advertising Market Segmentation Grand View Research has segmented digital out-of-home advertising based on format, industry vertical, and region: Digital Out-of-home Advertising Format Outlook (Revenue, USD Million; 2017 - 2028)
Digital Out-of-home Advertising Industry Vertical Outlook (Revenue, USD Million; 2017 - 2028)
Digital Out-of-home Advertising Regional Outlook (Revenue, USD Million; 2017 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global digital out-of-home advertising market include
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