Digital out-of-home media: Outdoor key to U.S. growth, but China is catching up fast
by karen on Jun.19, 2012, under Digital Signage, Displays News
The U.S. remains the biggest market for digital out-of-home media, but China is closing on it rapidly – and American growth is largely driven by digital billboards, rather than place-based digital signage networks, according to latest reports.
Although the U.S. accounts for about $2bn of the worldwide total of $7bn in DOOH advertising revenue, it lags behind the global 15 percent growth rate. An increase in American operator revenue of around 11 percent in 2011 was due in large part to 20 percent growth in revenue from digital billboards, while revenue from place-based networks rose by only 7.5 percent, thanks in part to “substantial slowdown in the cinema category”.
By contrast, China is the fastest-growing market, with total DOOH revenues jumping nearly 40 percent in 2011 to $1.44bn. China and Japan are also the next biggest after the U.S. in terms of current size, while Britain leads the European market and Brazil in Latin America. Thailand and Brazil have the highest penetration of DOOH into the overall out-of-home market, with digital accounting for half of all out-of-home revenues in the former and a third in the latter.
(To see full article: http://www.screenmediamag.com)
