Digital signage industry continues to boom
By 2020, IEC Electronics' Abdul Rahman Falaknaz told the audience during his SGI presentation, digital signage could be a $20 billion industry.
A study conducted by researchers from Grand View Research Inc. backed up this prediction. Around the world, the digital advertising platform is being used to display everything from restaurant menus to television programming and traffic information. Digital signs are available in LCD, LED and other varieties, making it easier than ever for businesses to stand out.
“Dubai is home to some of the best digital signages, and the industry is set to grow due to the current spending in the development of multi-billion dollar malls and other high-end projects,” Falaknaz said.
Across the United Arab Emirates, retailers, hotels, restaurants and even corporate office buildings utilize digital signs -- but they can be applied in practically any sector.
“Digital signage is gaining prominence in many countries across the globe including UAE’s health care sector, with hospitals and clinics discovering the need for reducing waiting time, emergency alerts, educating the patients,” Falaknaz said.
IEC Electronics CEO Sharif Rahman agreed.
“Digital signage is considered to be more strategically beneficial in the market in comparison to static signage as the content which updates more often can be digitally be updated,” he said. “In addition, digital signage has the capacity to be compatible with image capturing devices, embedded touch screen and motion detection devices. The extensive utilization across a vast gamut of industrial sectors as an efficient platform for interactive advertising and curtailed costs of installation, maintenance and purchase also predicts in the spiral growth and future of the signage market.”
More than 400 exhibitors participated in this year's SGI Expo, which is the 19th annual, giving presentations and live demos involving their signage, outdoor media, screen and digital printing offerings.
More than 13,000 visitors from 78 countries attended, taking advantage of a full slate of seminars and workshops.