Though, OOH (out of home) is one of the advertising mediums used since long, it has definitely been more so, of late on account of the increasing adoption of digital outdoor advertising. Digital OOH is impactful as it is larger than life and can come in varying shape, size, and format. It can effectively target customers by behavior, location, demographic, and day-part. All these factors are propelling their use across the globe and driving the market for digital out of home. The customer-focused nature of this form of advertising along with innovative, and media fluency are estimated to continue to drive the growth prospects of the global digital OOH market.
The digital OOH media can deliver continually across customers of all demographics, a brand’s message, when they are out for any of their out of home activities. As many of the companies are realizing the importance of extending their marketing strategies outdoors, the demand for digital OOH market is increasing. Moreover, with technological advancements ensuring innovative changes in the type of digital screen used for advertising, these form of advertising are becoming increasingly more interactive and engaging.
Although the market may be matured, there still exists intense competition among players. The presence of many local and global players is intensifying the competitive nature of the global digital out of home market. It is becoming more and more difficult for players to stay abreast the advances in technology and thus, to survive in the market, it is becoming compelling for players to stay ahead of each other. Distinguishing their product and service offerings is the best bait and players are achieving this through a unique value proposition.
Want to gain competitive advantage from our actionable, insightful business intelligence? Request a sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13775
Digital out-of-home (DOOH) form of advertising is a dynamically-served visual mode of advertising that targets customers when they are outdoors, in-transit, and waiting or at commercial venues. It intercepts customers with extremely targeted messages when they go about their day-to-day activities and effectively increases a brand’s message, thus creating a deep level of engagement with on-the-go customers. Such advertising campaigns take into account the customer mindset and location. The traditional mode of OOH advertising is the use of billboards. In recent years, there has been substantial growth in digital billboards and place-based networks. Digital OOH is dynamic media distributed across place based networks at locations such as colleges, gas stations, bars, health clubs and restaurants. DOOH networks feature stand-alone screens and kiosks. Recent years have seen these advertising networks transform into real-time marketing platforms because of the increased use of mobile beacons and dynamic data feeds. DOOH encompasses a variety of screen shapes, sizes as well as levels of interactivity. It provides a bridge between context and location and has high level of impact and flexibility. Each DOOH advertising campaign is relevant to the unique environment outdoors.
The growing mobility of customers is increasing the visibility of outdoor media. This is contributing significantly to the growth of digital OOH market. Also, the price erosion of digital screens has further fostered this market’s growth. DOOH advertising can also be implemented on public transport. With long travel times and increase in leisure travel, it is continually reaching a large number of target audiences. Innovation in this form of advertising has resulted in real-time campaigns. Advertisers are able to target the right people by being able to change the content of ads based on location, time of the day and weather. The relevance achieved as a result of the flexibility and the ability of DOOH to be able to reach the masses is giving brands the chance to create campaigns that will be remembered by the customers. Also, the use of text, images and real time content is more attractive to customers and has a significant influence on their purchasing decisions. However, the high initial spending incurred in installing digital signage is a barrier in the growth of DOOH market. Also, the return on investment of such campaigns is hard to calculate and can become further complex when the costs incurred on the repair and maintenance of screens is also considered.
The digital OOH market can be categorized into billboards, street furniture, and transit. Billboards can be traditional billboards and digital billboards. Street furniture can be further categorized into bus shelters, mall kiosks, telephone booth advertising and news racks. Also, transit advertising can be further categorized into electronic advertising at bus stops, train stations, airports and advertising in buses, taxis, airplanes and subway advertising.
Some of the companies offering digital signage software include Broadsign, Scala – Digital Signage Software, Ayuda Media Systems, Signagelive Limited, Net Display Systems, ONELAN Limited, YCD Multimedia, Four Winds Interactive, ADFLOW Networks, DISE International AB, Omnivex Corporation and Navori digital signage software.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Looking for exclusive market insights from business experts? Buy Now Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=13775<ype=S
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
Read more press-releases at –