Spending on digital signage is poised to increase from $17.77 billion last year to $41.55 billion by 2031, an annual growth rate of 11.2%. That’s according to a new market analysis released by SkyQuest Technology.
While such screens are widely used in public spaces like transportation networks, museums and restaurants, retail is one of the markets with the biggest potential for future growth, the report says.
“Today retailers are using digital signage to improve shopping experience, resulting in the augmentation of sales,” the document states. “They have started making immense investments in the infrastructure of retail stores to gain advantages from digitalization. With the increasing use of digital signage retailers can also offer theme-based digitally improved experience stores, personalized offering and other innovative services.
The forecast also notes that advanced display technologies, including microLED displays and OLED displays, are becoming more popular in retail and other sectors that use digital display products.
Click here for more from the SkyQuest report.
Four Decades of Excellence: How Wilkerson Transformed a Jeweler's Retirement into Celebration
After 45 years serving the Milwaukee community, Treiber & Straub Jewelers owner Michael Straub faced a significant life transition. At 75, the veteran jeweler made a personal decision many business owners understand: "I think it's time. I want to enjoy my wife with my grandchildren for the next 10, 15 years."
Wilkerson's expertise transformed this major business transition into an extraordinary success. Their comprehensive approach to managing the going-out-of-business sale created unprecedented customer response—with lines forming outside the store and limits on how many shoppers could enter at once due to fire safety regulations.
The results exceeded all expectations. "Wilkerson did a phenomenal job," Straub enthuses. "They were there for you through the whole thing, helped you with promoting it, helping you on day-to-day business. I can't speak enough for how well they did." The partnership didn't just facilitate a business closing; it created a celebratory finale to decades of service while allowing Straub to confidently step into his well-earned retirement.
