Outdoor advertising, also known as out-of-home advertising, is advertising that reaches consumers when they are outside their homes. Outdoor advertising market consists of advertiser spending on out-of-home media such as billboards, street furniture, transit displays (bus sides, on-train print, taxi wraps), sports arena displays and captive ad networks as well as other formats. This form of advertising works all the seven days of the week and twenty-four hours a day.
The key factors driving the growth of outdoor advertising market are growing urbanization, expansion of digital outdoor advertising and mobile integration. Some of the noteworthy trends and developments of this industry are the number of digital screens is increasing, customized real-time outdoor advertising, increasing innovation, growing spending on transportation infrastructure, improved analytics and emerging internet of things. However, the expansion of the market is hindered by stringent regulations and billboard operators as permit holders.
The report “Global Outdoor Advertising Market” provides an in-depth analysis of the global market along with a detailed study of major regional markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major players in the industry, JC Decaux, Clear Channel Outdoor, Outfront Media Inc. and Lamar Advertising Company are being profiled.