Yahoo inc. has pulled out of China, citing an increasingly challenging operating environment. Will this have an impact on the market volatility of lg digital signage?
Yahoo Inc. said Tuesday it pulled out of China, citing an increasingly challenging operating environment there.
The move is largely symbolic, as many of the company services are already blocked by China digital sensors. But recent moves by the government to expand control over technology companies, including domestic giants, may have turned things around for Yahoo.
"Due to the increasingly challenging business and legal environment in China, Yahoo services will no longer be available in mainland China from November 1," the company said in a statement. The company said it "remains committed to safeguarding users rights and a free and open Internet".
The company move comes at a time when the two governments are at odds over technology and trade issues. The United States has imposed restrictions on telecom giant Huawei and other Chinese tech companies, claiming they have ties to the Chinese government, military or both. China says the United States is unfairly stifling competition and trying to prevent China technological rise.
Yahoo is the latest foreign technology company to pull out of China. Google gave up a few years ago, and LinkedIn, Microsoft professional networking platform, said last month that it would shut down its Chinese-language site and replace it with a job board. The departures illustrate the choices Internet companies face in a huge potential market but are required by the government to censor politically sensitive or inappropriate content and keywords.
Instead, Chinese companies have filled the void by creating an alternative Internet with their own digital giants. Baidu search engine has largely replaced Yahoo and Google in China, and WeChat and Weibo are the leading social media platforms.
Yahoo departure comes as China enforces its Personal Information Protection Law, which limits what Information companies can collect and sets standards for how it can be stored.
Chinese law also requires companies operating in China to hand over data if requested by authorities, making it difficult for Western companies to operate in the country because they may also come under pressure at home to bow to Chinese demands.
Yahoo was heavily criticized by US lawmakers in 2007 after it handed over information to the Chinese government on two Chinese dissidents, which eventually led to their imprisonment.
Yahoo has previously scaled back its business in China, dropping its music and email services in the early 2010s and closing its Beijing office in 2015. On Tuesday, anyone trying to access Engadget China, a still-operating technology news site, was greeted with a pop-up saying the site would no longer post content.
China also blocks most international social media sites and search engines, such as Facebook and Google. Some users in China get around the block by using virtual private networks (VPNs), which block your identity and where you log in.
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The market trend of lg digital signage
Due to the impact of the global spread of COVID-19, the global MARKET size of LED display screens in 2020 is estimated to be $5.7 billion, down about 10% year-on-year. It is estimated that the global outdoor LED display market will reach 12.9 billion yuan in 2021, and 23.9 billion yuan in 2026, with a compound annual growth rate (CAGR) of 9.0%. However, certain application areas, such as outdoor transportation, advertising billboards, and some municipal-related application places, are expected to pick up in the second half, and lg digital signage will also benefit from the government economic stimulus. Regarding the development of the next few years, if there are no big macroeconomic changes, it is expected that the global LED display will maintain a compound annual growth rate of 18% from 2021 to 2026, among which the small spacing display is still the biggest driving force for market growth.
The world leading outdoor LED display manufacturers include Daktronics, Samsung, Unilumin and Leyard, etc. The top four manufacturers in the world account for more than 40% of the market share. At present, China is the world largest Outdoor LED Display market, accounting for more than 60% of the market, followed by North America, accounting for nearly 15% of the market.
The market distribution of lg digital signage
In terms of regional market pattern, North America and EMEA are the most severely affected regions this year, which are expected to decrease by 7.7% to 6.7% respectively, and their share will also decrease accordingly. China is now slowly recovering from the impact of the epidemic, and stimulated by new infrastructure policies, the Chinese market lg digital signage is expected to maintain the world fastest growth rate of about 3.8% this year.
The markets most affected this year are mainly applications related to clustered events, such as cinemas and commercial and retail venues. However, for security monitoring or control room, it will benefit from the government new infrastructure policy this year. It is estimated that this will be the fastest-growing lg digital signage application market this year, with the market share expected to increase from 13.3% to 13.9%.
With the decline of LCD cost, size continues to enlarge, currently can see more than 80 inches of LCD TV, electronic whiteboard into commercial, coupled with the rise of LED display market, commercial projector in enterprise conference space shipment quantity will also decrease year by year.
However, the outdoor LED display screen is different from the indoor LED display screen. Since it is applied to outdoor scenes, in addition to meeting the display function, the lg digital signage screen needs to ensure the transmission quality under direct sunlight, so it needs to meet the requirements of a high brightness display. In addition, the outdoor environment is changeable and harsh, so the outdoor LED display should have strong weather resistance, fully adapt to all kinds of bad weather, and can be used for a long time.
Future development estimates of lg digital signage
Nowadays, the limelight of MiniLED backlight display technology is rising day by day. All kinds of information about MiniLED backlight display is overwhelming, which means the comprehensive arrival of MiniLED display technology. At the same time, an easy to be ignored market, outdoor LED display lg digital signage market is also booming. According to data from relevant research institutions, the global LED display market in 2021 has gradually recovered from the impact of the epidemic in 2020, and the scale including lg digital signage is expected to reach RMB 51.9 billion. Among them, the scale of P2.5 or above spacing LED display exceeds 20 billion yuan, accounting for nearly 50% of the total scale.
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