“Do you have a plan in place if your display manufacturer either goes out of business or quits providing certain parts?”
(Question posed and answered before COVID-19 lockdowns in March of 2020)
In a broadening world of display manufacturers and all that accompany them, finding replacement parts or products is not something I worry about.
Last year, the expected growth of the digital signage market was predicted to grow at 8 percent over the next five years, attaining $31.71 billion dollars. According to Grand View Research, this boom is attributed to the retail, transportation and healthcare sectors1.
Naturally, with the revenue growth and expected earnings, manufacturers and suppliers should have a rosy outlook for the next five years. That said, it invites other, smaller manufacturers to take advantage of the uptick in business as well.
I receive dozens of emails and requests to view new products and services from small- to mid-range display manufacturers and solutions-based services almost daily. I can assure you there is no shortage of these companies around, and they offer competitive pricing, loyalty discounts etc. There are of course the big ones (Samsung, LG, NEC, and Panasonic), but there are smaller, overseas companies that I’ve seen taking an interest in the global market. Companies like “Gem Dragon Display” in China, Shenzhen HHY, also out of China, Zero-In in New York and Meridian in North Carolina. All of these and more mid-range companies jumping on the digital signage gravy train offer similar services. They offer one-stop solutions, digital signage manufacturing, CMS integration and player solutions to name a few. My point is that there is already a wide range of digital signage manufacturers offering all kinds of solutions. With the expected market growth, I don’t foresee inventory being an issue, nor do I see any easing in the amount of services available.
In conclusion, as a mid-size business, we replace and modify our signage needs on an ad hoc basis. If one of our suppliers decides to drop out of the market, there are plenty of others to fill that void.