What is Digital Menu Boards Market?
Digital menu board is a display system which consist of hardware and software for displaying interactive content. In addition, it also display promotions, live TV, customer reviews etc. It is mainly used in hotels, restaurants, dining halls, tea & coffee shops, pizzerias to display available menu along with its price. Effective display impacts on the content visualization is positive manner hence, hotels & restaurants owners are more prone towards adopting digital menu boards. Further increasing demand from commercial places driving the market growth. Geographically, North America region is expected to grow with the highest market share over the forecast period followed by Europe and Asia Pacific. Presence of leading market players creating hub for market providers further impacting on market profitability in better manner.
The market study is being classified by Type (Single Digital Menu Board, Dual Digital Menu Board, Triple Digital Menu Board, Quad Digital Menu Board and Others), by Application (Hotels & Restaurants, Cafeterias, Pizzeria, Dispensary, Hospitality, Schools & Universities, Commercial, Hospitals and Others) and major geographies with country level break-up.
Panasonic (Japan), Samsung Electronics Co., Ltd (South Korea), AU Optronics Corporation (Taiwan), Menu Design Group (United States), BrightSign LLC (United States), Spectra Colors (United States), BenQ Corporation (Taiwan), Hughes (United States), Coates Signco Pty Ltd (Australia), Ping HD. (United States), Daktronics, Inc. (United States), Pixel Inspiration (United Kingdom), Fastsigns International Inc. (United States), SmarterSign(United States), ComQi (United States) and Lanesquare Technology Pvt Ltd. (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are NoviSign Digital Signage Inc. (Israel), Mvix Digital Signage (United States), TouchBistro Inc. (Canada) and Intuilab SAS (France).
Market players are focusing on providing Digital Menu Board with higher quality of system. They are also focusing on the numerous advanced interactive contents offerings to further process to reach a newer consumer base. The market is fragmented owing to the presence of several international providers. Besides, the industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Digital Menu Boards market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Digital Menu Boards market by Type, Application and Region.
On the basis of geography, the market of Digital Menu Boards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Food Consumption at Hotels & Restaurants across the Globe
- Increasing Visiting at Cafeterias & Pizzerias
- Higher Focus on Hassle Less Content Management
- Positive impact on the Upselling driving the demand for Digital Menu Boards
Market Trend
- Up surging Demand for Eye-Catching and Uniquely Designed Displays
Restraints
- Long Term Negative Impact of the Pandemic on the Hotels & Restaurants owing to Lockdown
Opportunities
- Growing Implementation of Technological Advancement & Deep Analytics for User Interactions
- Augmenting Demand for Digital Menu Boards at Commercial Places
- Mounting Adoption of Quick Food Service Shop Owners for Visual Content & Interactive POS
Challenges
- Lack of standardization leads to Poor Quality Display
In October 2021, Menu Design Group (MDG) has launched new pizzeria digital menu board solutions. This new digital menu board is particularly designed for pizza restaurants for remotely controlling and editing their pizza menu from anywhere. It further gives complete control over menu, promotions, and advertising messages. With this new launch, company has tackled the demand from pizza shops which further creating new growth opportunities.
Key Target Audience
Digital Menu Board Manufacturers, Digital Menu Board Providers, Quick Service Restaurants Owners, Hospitality Industrialist, Commercial Space Owners, Third Party Investors, Third Party Payable Providers and New Entrants/Investors
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Digital Menu Boards Market?
"Rising Food Consumption at Hotels & Restaurants across the Globe
" is seen as one of major growth factors of Digital Menu Boards Market in years to come.
2. Can we have customized study for Digital Menu Boards Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Digital Menu Boards Market?
United States will lead Digital Menu Boards Market in coming years.