Interactive Kiosk & Digital Signage
The digital signage market is expected grow at a 7.3% CAGR through 2023, reaching $29.6b, according to Markets & Markets, while the interactive kiosk market is expected to grow 5.7% over the same period to $30.5b. The reasons for this growth are numerous and include consistently improving products with enhanced functionality, advancements in display technology, increasing adoption, rising demand, lower production costs, etc. 7 Mile Advisors believes the lines between these industries are blurring (see our blog post “Are kiosks the future of digital signage?”). As this technology evolves, we anticipated increased M&A activity as providers seek to upgrade their capabilities in areas such as content management, software customization and security to a deliver a “full-service” to businesses and consumers.