Digital signage industry to reach $14.6 billion by 2011
(NOIDA, India 27 Jul 2007)
Year 2004 was a significant beginning for the new digital signage industry and thus for the market penetration of the new LCD signage technology. Before this the development and manufacturing of digital information and panel displays made no progress with technologies out of date and business ideas concentrated mostly on a very narrow market. There were only a few manufacturers of big screen applications and placements concentrating on for example sports stadiums. The idea of getting real-time advertising and information to reach the right target group in the right place near the consumer was boosted as the LCD technology gained awareness under Symbicon’s direction. Symbicon began developing the world’s largest LCD panels designed for global conditions together with Korean Samsung Electronics. Introducing new digital solutions to the markets is essential both to the regular consumers as well as businesses concentrating on providing digital information and outdoor media world wide. New forms of digital communication will have a significant role in the future as the utilization of new communication devices and applications increases and accelerates the pace of technological innovations.
At the same time LCD technology itself is constantly progressing. Continuous product development increases the demand and need for development of technological features which enable businesses to process technologies such as interactive panel displays.
After three year development work Symbicon is the pioneer of manufacturing and developing large LCD panels and introducing them to the markets and able to offer its services globally through a world wide distributing network.
After the boost the markets are expected to grow rapidly in the next few years and the industry is expecting a growth of over 300 % annually, the total volume of the markets being $14,6 billion by the year 2011. New LCD panels both for indoor and outdoor use will also have their part in this growth. Report: digital signage industry to reach $14.6 billion by 2011 (NOIDA, India 27 Jul 2007)
CEO & President