Global Pro AV Market 2016-2020
ABSTRACTAbout Pro AV
Pro AV refers to the audio-video products and services, which are used for various applications such as collaborative conferencing that include video, audio, web, and data conferencing, digital signage, command and control centers, tradeshow exhibitions, presentations, medical communications, virtual events, and corporate events. With the use of cloud and Internet, pro-AV solutions make quicker communications possible for all types of enterprises. These solutions provide efficient and deeper AV interactions between users.
Technavio’s analysts forecast the global pro AV market to grow at a CAGR of 11.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global pro AV market for 2016-2020. To calculate the market size, the report considers the revenue generated from pro AV types that include products and services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pro AV market 2016-2020
Technavio recognizes the following companies as the key players in the global pro AV market: Advanced AV, AVI-SPL, Technical Innovation, Unified AV, and Vistacom
Other Prominent Vendors in the market are: AVI Systems, Avidex Industries, CCS Presentation, Communications Engineering (CEI), CompView, Digital Networks Group, Diversified Systems, Ford Audio-Video, Spinitar, and Tritech Communications
Commenting on the report, an analyst from Technavio’s team said: “Transition to mobile platform is an important trend gaining traction in the market. With the growing connectivity, mobile technology has become a part of the modern lifestyle. The next stage in the pro AV industry is the transition to the mobile platform. There is a growing demand for anywhere, anyplace, any device connectivity. This has led the Pro AV vendors to explore the benefits of transforming to mobile platform. During the forecast period, it is expected that more than 60% of the vendors will start adopting the mobile platform. This trend will drive the market during the forecast period as the mobile platform will provide the users the convenience of access from anywhere. This will enable many more industries and the existing players in various industries to adopt pro AV equipment and services.”
According to the report, increased demand for controlled systems is a major driver contributing to this market’s growth. As the AV technology develops, most of the AV devices are interconnected with the process automation. Control systems take control of all the connected AV equipment and other related accessories like display screens, PCs, microphones, lights, and cameras. Control systems are designed to simplify the AV process so that the meetings, events, and other collaborations that are inter dependent run seamlessly. The demand for controlled meeting and teaching spaces has increased in corporate, education, government, and other end-user segments, With the controlled systems in place, all the connected pro AV equipment can be operated with ease. For instance, during a board meeting before the presentation, a one-touch command system can close the screens and drapes, dims lights and manages ventilation, automatically select the input device, and start the presentation and project it using a display device.
Further, the report states that low replacement cycle is a major challenge this market is facing. One of the major challenges faced by the market is the low replacement cycle of the pro AV equipment. This has led to slow growth of the market. To overcome this challenge, the vendors have started offering remote management services that include monitoring, diagnostics, and upgrades of the products. They also provide license-based features that will keep generating revenue. By 2020, managed services as an offering will balance out the drop in equipment sales. This will be the central aspect of scaling up business for the vendors as the pro AV equipment has a low replacement cycle.
Advanced AV, AVI-SPL, Technical Innovation, Unified AV, Vistacom, AVI Systems, Avidex Industries, CCS Presentation, Communications Engineering (CEI), CompView, Digital Networks Group, Diversified Systems, Ford Audio-Video, Spinitar, Tritech Communications
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