About Digital OOH
Digital OOH (out of home) refers to advertising activities that target consumers while they are out of home such as at cafes, colleges, shopping centers, restaurants and other convenience stores. DOOH deploys its own screens at various locations thus, benefits locations owners and focus on customer engagement. Falling prices of display systems such as LED and LCD have attributed to its growth significantly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Digital OOH market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
iHeartMedia (United States), JCDecaux (France), Lamar Advertising (United States) , OUTFRONT Media (United States), Clear Channel Outdoor Holdings, Inc. (United States), Prismview LLC (United States), Daktronics (United States), NEC Display Solutions, Ltd. (Japan) and Stroer SE & Co. KGaA (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Broadsign International LLC. (Canada), Mvix, Inc. (United States), Christie Digital Systems USA, Inc. (United States), Ayuda Media Systems (United States), Deepsky Corporation Ltd. (Hong Kong), Aoto Electronics Co., Ltd (China) and oOh!media Ltd. (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Digital OOH market by Type (Billboard, Street Furniture and Transit), Application (Indoor and Outdoor) and Region.
On the basis of geography, the market of Digital OOH has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Verticals, the sub-segment i.e. Commercial (Retail will boost the Digital OOH market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Creative and Customized Ad Distribution and Integration of Mobile With Digital OOH
Market Growth Drivers:
Growing Innovation in Display Technologies and Rising Focus on Business Intelligence Leading to Increase in Investment in Programmable Advertising
Challenges:
Issues Related with Interoperability Among Different Devices and Public Outcry and Inability to Generate Mass Appeal
Restraints:
Rising Popularity of Online Advertising and Low Return of Investment (ROI) in Digital OOH
Opportunities:
Growing Cloud and IoT Application in DOOH, Increasing Adoption of Virtual and Augmented Reality in Digital OOH and Growing Infrastructure and Smart City Construction Leading to Availability of More Ad Locations
Market Leaders and their expansionary development strategies
In November 2023, Broadsign and AdMob This partnership integrated Broadsign's DOOH platform with AdMob's programmatic capabilities, enabling seamless ad buying and campaign management across digital and OOH channels for mobile-first marketers.
In November 2023, Digital Acceleration & Transformation Expo Announced its upcoming event in New Delhi, featuring a dedicated track on DOOH, highlighting its growing importance within the marketing landscape.
The Digital Place Based Advertising Association (DPAA) in the US has released programmatic standards for the DOOH industry, as part of an ongoing process to facilitate DOOH transactions. The standards will benefit all stakeholders - buyers, sellers, brands and the ad-tech community - by expanding opportunities for buyers to target audiences and purchase DOOH media programmatically. The standards have been reviewed by Demand-Side Platforms (DSPs) and media owners.
Key Target Audience
Digital OOH Service Providers, System Integrators, Government Agencies, Research Institutes, Potential Investment, Market Research and Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.