The Current Market Trends of Signage Industry

Outsourcing the signage services to India are of major importance in every sense since it built up an altogether new way/perspective of business communication while giving you the fastest TAT possible. The chain of outsourcing businesses started in the 1990s when the USA – a major driver of the world economy, started showing interest in giving India, the opportunity to bloom. Keeping in mind the merits of India such as its low cost, highly skilled workforce, an English-speaking class and some friendly and supportive government policies.

With growing technologies, outsourcing became easier, since the communication gap decreases to nil. Technology helped to outsource – to grow stronger and mightier! With the help of the rule-based computerized system, any person can now offshore their services easily and effectively.

Business – Statistics – Market

In 2019 the digital signal market is estimated to be $20.8 billion and by 2024 it is anticipated to reach $29.6 billion at a CAGR of 7.3%. The signage industry is growing at a rapid pace. Since the world is going digital with 4G and 5G coming in. Signages have exponential power to market your brand, playing in with the human psychology and mindset of people in general. It looks provocative, bold, but at the same time gathering trust as well. The fastest growing signages in the business are AFIS. Here’s a list of the market share of some of the major application in the signage industry.

The above image shows the different types of biometric technology and its subsequent usage.

 

Source – Grandviewresearch.com

The world is in constant threat of terror and so to make it safer for the public, biometric technology comes to the rescue. In US biometric technology is widely used in the Industrial, Commercial, Justice, Defence, Home security and other parallel fields.

The corporate giants are asking for more innovative and creative signages that go along with their company’s brand value. Thus, gaining more clients through such marketing strategies. Outdoor signages demand not only geographic but demographic spread as well which has a wider reach and have an audience from all walks of life. For instance, any company/client has in mind their brand value and brand story before conceptualizing the logo. The logo of any brand should match the brand identity for it to be a success. For instance, the logo of Coca Cola is so famous that 94% of the world population from all age groups recognizes it without giving a second thought.

Indovance Expertise

With the ever-changing market goals, the need of every client/customer fluctuates from one another. We make sure that we cater to all your needs in time. We are pioneers in Pre-media and Graphics Industry giving you services in designing and drafting for all the types of signages system. We are foraying in this field since last 16 years and continue to be one of the most sought-after destinations for your services.

For more information log onto www.indovance.com or you can also call us at +1-919-238-4044.