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| Global KVM And PRO AV Market Growth |
KVM and PRO AV market products such as video walls, displays, projectors,
conferencing equipment and presentation systems have widely gained popularity
for enhanced conference rooms, boardroom presentations and trade shows. KVM
switches allow users to access and control multiple computers from a single or
shared platform, while PRO AV solutions deliver high quality audio and video
experiences for live events, entertainment venues and corporate houses. The
growing applications of AV setups in live performances, educational institutes,
commercial buildings and live broadcasting are supplementing the demand for
professional grade audio-visual solutions.
The global
KVM and PRO AV Market is estimated to be valued at US$ 349297.78 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Opportunity:
Rising demand for audio-visual equipment in entertainment sector
The exponential growth in live entertainment, digital out of home (DOOH) advertising,
and event production is a major factor driving the need for professional grade
AV solutions. As live performances, sporting events, trade shows and concerts
require sophisticated audio and video equipment to deliver premium experiences,
the demand for commercial grade projectors, LED/LCD displays, conferencing
systems and audio solutions is witnessing a strong upsurge globally. The desire
to enhance audience experience and engagement has prompted venues and producers
to invest heavily in AV technologies. With the resumption of full-fledged live
events and entertainment activities post pandemic, the requirement for high
quality KVM and PRO AV systems is expected to witness significant uptick
offering lucrative opportunities for manufacturers in the coming years.
Porter’s Analysis
Threat of new entrants: The KVM and PRO AV Market is moderately difficult for
new entrants to enter due to established infrastructure of key players and
technical expertise required. However, threat of new entrants remains moderate
as switching costs for buyers are low.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of substitutes. However, switching costs for buyers are low which
increases their bargaining power.
Bargaining power of suppliers: KVM and PRO AV suppliers have low to moderate
bargaining power due to availability of substitute components. However,
suppliers of some key proprietary technologies may wield higher bargaining
power.
Threat of new substitutes: Threat of substitutes is moderate as some open
source and free software provide alternative options. However, switching costs
from established platforms remains a barrier.
Competitive rivalry: The market is highly competitive due to presence of
numerous international and regional players competing on product performance
and pricing.
SWOT Analysis
Strength: Rising adoption of cloud-based KVM and PRO AV solutions from SMBs.
Growing demand for digital signage and video wall applications across
industries.
Weakness: High initial investment requirements. Technical complexities of
installations and management of large PRO AV systems.
Opportunity: Scope for growth in emerging markets. Increasing integration of
IoT with KVM and PRO AV solutions. Growth of hybrid events necessitating AVaaS.
Threats: Infrastructure limitations in developing regions. Economic slowdowns
affecting capital spends. Security and privacy risks of cloud-based solutions.
Key Takeaways
The Global
KVM And PRO AV Market Growth is expected to witness high growth driven
by widespread adoption of integrated workspaces and growing role of audiovisual
solutions in audiovisual experiences.
North
America currently dominates the market owing to large technical expertise and
established infrastructure. The region is expected to continue its dominance in
the forecast period as well. However, Asia Pacific is poised to be the fastest
growing region driven by growing economies, increasing urbanization, and rapid
infrastructure development.
Key players operating in the KVM and PRO AV Market are Advanced Cell
Technology, Inc., Angel Biotechnology Holdings PLC, Biotricity, Lineage Cell
Therapeutics, Inc., BrainStorm Cell Limited., CIRM, Celgene Corporation (A
subsidiary of Bristol-Myers Squibb Company), Takara Bio Inc., Cellular Engineering
Technologies., Cytori Therapeutics Inc., and STEMCELL Technologies. Some of the
prominent players primarily focus on developing technologically advanced
solutions and expanding into emerging markets through partnerships and
collaborations.
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