The Canadian digital signage market is estimated to grow at a CAGR of around 8.5% during the forecast period to reach around $1.5 billion in 2025 from $828 million in 2018. Canada contributes considerably to the growth of the digital signage market in North America. Canadian digital signage installation was propelled by the growing adoption of AI, machine learning, and extensive use of IP-based devices. The applications of digital signage can be seen across different sectors which include airports, hotels and restaurants, retail malls, and others. One of the major Canada based company working in the market is Cineplex Digital Media. In September 2019, the company got an order from AMC Theatres to manage its digital network which includes its box office and concession stand signage, of whole North America. AMC Theatres has more than 10,675 multiplex locations globally and 630 multiplex locations in the US. The implication of the theater signage is to enhance the experience and customer satisfaction on the path to purchase.
The Canadian digital signage market is segmented on the basis of component type, product, application, and region. On the basis of component type, the market is divided into hardware and software. On the basis of the product, the market is classified into standalone display and video wall. Furthermore, the market is classified, on the basis of application, into commercial, industrial, infrastructural, and others. Commercial application of digital signage is estimated to be the fastest-growing segment during the forecast period. The segmental growth is attributed to the extensive application of digital signage displays for advertisement and for announcements in the commercial sector. The commercial sector includes retail, healthcare, hospitality, and government, with applications across hospitals, hotels, quick-service restaurants (QSRs), and malls.
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Canadian Digital Signage Market Segmentation
By Component Type
- Hardware
- Software
By Product
- Standalone Display
- Video Wall
By Application
- Commercial
- Industrial
- Infrastructural
- Others (Institutional)
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Company Profiles
- 22 Miles, Inc.
- ACRELEC Group
- AOPEN Inc.
- AU Optronics Corp.
- Barco NV
- Benq Corp.
- BrightSign, LLC
- Christie Digital Systems USA, Inc.
- Coates Group Pty Ltd.
- Daktronics, Inc.
- Delta Electronics, Inc.
- E Ink Holdings Inc.
- Exceptional 3D, Inc.
- Goodview Electronic Co., Ltd.
- Intel Corp.
- Intuilab SAS
- LG Electronics Inc.
- Navori SA
- NEC Corp.
- Omnivex Corp.
- Panasonic Corp.
- Planar Systems, Inc.
- Samsung Electronics Co., Ltd.
- Scala, Inc.
- Sharp Corp.
- Sony Corp.
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