Asia Pacific Digital OOH Advertising Market Size to Surpass US$ 17.9 Billion by 2028, exhibiting a CAGR of 13.07% | IMARC Group
IMARC Group, a leading market research company, has recently releases report titled “Asia Pacific Digital OOH Advertising Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The Asia Pacific digital out-of-home advertising market size reached US$ 8.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.07% during 2023-2028.
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| Asia Pacific Digital OOH Advertising Market Report |
What is DOOH advertising?
Digital out-of-home (DOOH) is a dynamic form of advertising that streamlines ad transactions. It is typically found in public venues like bars, restaurants, gyms, cafes, colleges, sports arenas, gas stations, convenience stores, barbershops, and airports, making it easily accessible to a broad audience. Placing outdoor signs and digital billboards in high-traffic areas effectively captures the attention of viewers, enhancing brand recognition.
DOOH is also utilized at bus stops and train stations to promote products and services, making it a versatile medium employed in various sectors, including retail, banking, entertainment, transportation, and education.
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Industry Trends and Growth Drivers for Asia Pacific Digital OOH Advertising Market
The Asia Pacific digital out-of-home (DOOH) advertising market is experiencing growth driven by several key factors. One of the primary drivers is the increasing popularity of internet-based promotional platforms and ongoing infrastructural developments in the region. Additionally, the growth of retail facilities and a growing number of people spending time outdoors are further fueling market expansion. The integration of advanced technologies, such as Augmented Reality (AR), into DOOH, is also playing a significant role in boosting market growth throughout the Asia Pacific region.
Furthermore, advertisers are introducing innovative screens that deliver contextually relevant, intelligent, and real-time content to the audience, which is acting as another important factor contributing to market growth. The rise in travel and tourism activities and the development of tactile platforms that offer quick access to valuable information for individuals are expected to provide additional momentum to the Asia Pacific digital OOH advertising market in the foreseeable future.
Asia Pacific Digital OOH Advertising Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Format Type:
- Digital Billboards
- Video Advertising
- Ambient Advertising
- Others
Breakup by Application:
- Outdoor
- Indoor
Breakup by End Use Industry:
- Retail
- Recreation
- Banking
- Transportation
- Education
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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