Q4 2010 Index Reveals Modest Industry Growth
CHICAGO (January 19, 2011) – The digital signage industry will see moderate growth, according to the fourth quarter North American Digital Signage Index by the Platt Retail Institute at The Chicago School of Professional Psychology. Measuring business activity in the digital signage industry based on business leader sentiment, the quarterly Index is a leading industry guide largely developed by doctoral student interns at The Chicago School of Professional Psychology (TCSPP) under the supervision and mentorship of the Platt Retail Institute (PRI) director and fellow Steven Keith Platt. Some key findings of the current Index include:
The Current DS Index increased from 122.87 in the second quarter of 2010 to 125.85 in the third quarter of 2010, a 2.43 percent increase. This is up from the 1.86 percent increase in the Current DS Index last quarter.
The Near-Term DS Index was 138.02, a 9.67 percent increase in sentiment. This is up from the 6.70 percent increase in the Near-Term DS Index last quarter.
The Current DS Index in the third quarter of 2010 closely tracked the U.S. economy (+2.43 percent versus +2.50 percent GDP). The Near-Term DS Index, an indicator of future business/industry activity, increased versus last quarter (9.67 percent versus 6.70 percent the prior quarter). During the third quarter, advertising spending on DOOH networks rose a robust 21.8 percent, reversing the prior quarter's 14.90 percent drop.
"While these are positive indicators, the slowdown in capital expenditures (-12.98 percent) and hiring (-2.24 percent) during the third quarter indicates that firms are being more cautious, taking a wait-and-see approach,” said Platt. The general slowing in the rate of growth in the Near-Term DS Index would buttress this generally cautious but optimistic business attitude."
In addition to providing a leading resource for the digital signage industry, the Index is now helping to raise money for worthwhile causes, an initiative of doctoral students in the Business Psychology program at The Chicago School who intern at PRI and assist in producing many of its publications and resources. Beginning with last quarter’s Index, PRI has been making a small donation to a chosen charity on behalf of each industry representative who fills out the survey. In Q3 PRI donated to the National Wildlife Federation to assist in the clean up of oil in the Gulf, while this quarter its donation went to Paws Chicago, the city’s largest no-kill animal adoption organization.
Read the Q4 2010 North American Digital Signage Index at http://www.plattretailinstitute.org/indexes.
About Platt Retail Institute at The Chicago School of Professional Psychology
Platt Retail Institute at The Chicago School of Professional Psychology (PRI) is recognized worldwide as an industry-leading expert in research and consulting to retailers, media companies, financial institutions, hardware, software, transmission, and other business enterprises seeking to impact the customer in-store experience. PRI serves as a knowledge bridge between the academic world and industry, by synergizing the wealth of knowledge being produced at the university level with the need for more advanced yet practical business research and insight at the customer level. In addition to its global consulting expertise, PRI also publishes pioneering industry research.
The firm consults with, and is supported by, companies including Advance Auto Parts, Cisco, Harris Bank, Harrods (UK), IBM, IMTV (Russia), Intel, Monopoly Media (Romania), NEC Display Solutions, Nike, Roger Communications (Canada), and Unisys, among many others. For additional information, see www.plattretailinstitute.org.
About The Chicago School of Professional Psychology
Founded in 1979, The Chicago School of Professional Psychology (TCSPP) is the nation’s leading nonprofit graduate school dedicated exclusively to the applications of psychology and related behavioral sciences. The school is an active member of the National Council of Schools and Programs of Professional Psychology, which has recognized TCSPP for its distinguished service and outstanding contributions to cultural diversity and advocacy. The school’s community service initiatives have resulted in three consecutive years of recognition on the President’s Higher Education Community Service Honor Roll, including the additional –1With Distinction” honor in 2010. In 2009, the school was named to The Chronicle of Higher Education’s annual list of –1Great Colleges to Work For.” Campuses are located in Chicago; in Los Angeles, Westwood, and Irvine, California; and the newest campus in Washington, D.C. Doctoral psychology programs and masters psychology programs are offered on-ground and in an online-blended format.
For more information about The Chicago School of Professional Psychology, visit www.thechicagoschool.edu. Follow us on Twitter at www.twitter.com/gradpsychology. Follow us on Facebook: www.facebook.com/thechicagoschool.
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