The global AV pro market has grown at a CAGR of around 11% during the period 2015-2020. IMARC Group expects the market to continue its strong growth in the period 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, November 25, 2021 /EINPresswire.com/ – According to the latest IMARC Group report titled “Pro AV Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market has grown at a CAGR of around 11% over the past year. period 2015-2020. The Global pro audiovisual market size continue its strong growth over the next five years. Professional Audio / Visual (AV) is an advanced interaction system installed for advertising, business sharing and marketing. It uses electronic screens to deliver web content, videos, graphics and text in private and public spaces. It consists of lighting and sound equipment, video conferencing systems, digital displays, whiteboard recording equipment and projection systems. These components help improve overall communication and connectivity between users and are also used for classroom and office presentations and on-site product demonstrations. As a result, pro AV finds widespread applications in several industries including hospitality, education, business and retail.
As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in the markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are carried out after examining the impact of this pandemic.
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Rapid urbanization, along with the significant growth of the education sector, mainly creates positive prospects for the market. Pro AV is widely adopted for intelligent learning by schools, universities and various academic institutes. In addition, pro AVs are installed in shopping complexes, exhibition halls, stadiums and hotels to grab the attention of consumers and influence their purchasing decisions, thus enhancing the growth of the market. In addition, several technological advancements, such as the integration of pro AV with cloud computing systems and the Internet of Things (IoT), are also catalyzing the growth of the market. These technologies are effective for conferences, collaborations, live events, security and surveillance. In addition, the development of 360-degree cameras, drones and virtual reality (VR) systems to deliver specialized content and improvements in telecommunication infrastructure are expected to further boost the global market in the coming years.
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Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
• Anixter International Inc.
• AVI Systems Inc.
• AVI-SPL Inc.
• Biamp Systems LLC
• CCS LLC presentation systems
• Ford Audio-Video Systems LLC
• New technology ERA Inc.
• Professional Audiovisual Ltd.
• Solutionz inc.
• Telerent Leasing Corp.
• Vistacom Inc.
Segmentation of the professional AV market:
Our report has categorized the market based on region, solution, distribution channel, and application.
Market breakdown by solution:
• Some products
o AV acquisition and delivery products
o Acoustic reinforcement products
o Conference products
o Other products
o Maintenance services
o Computer networking services
o Systems design services
o Other services
Market breakdown by distribution channel:
• Direct sales
Market breakdown by application:
• Home use
Market breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
• Market performance (2015-2020)
• Market outlook (2021-2026)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
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