 |
| Global KVM And PRO AV Market Size |
The KVM and PRO AV market comprises of products such as video walls, digital
signage, set-top boxes, switches, routers and encoders that are used to
transmit and distribute signals on-premises or remotely through networks. These
video processing devices enable transmission of audio, video and automation
signals in commercial buildings, corporate offices and industrial facilities.
They find key applications in media & entertainment, government, retail,
commercial, education and other industries for visualization and collaboration.
With hybrid work becoming the new normal, demand for reliable and scalable
multi-screen solutions is growing exponentially to facilitate distributed
teams. This has propelled investments in digital infrastructure that can
integrate various endpoints into a unified workspace.
The Global KVM and PRO AV Market is estimated to be valued at US$ 402391.05 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the KVM and PRO AV are Mondi PLC, Ahlstrom-Munksjö
Oyj, Autajon CS, Huhtamaki Flexible Packaging (Huhtamaki Oyj) and Avery
Dennison Corporation. These companies collectively account for over 45% of the
global market share owing to their comprehensive product portfolios and
worldwide distribution networks.
Key opportunities in the Global
KVM And PRO AV Market Size include growing demand for interactive
digital interfaces to enable collaborative workflows in hybrid settings.
Additionally, the rising popularity of 4k and 8k displays along with integrated
control room solutions present avenues for revenue growth over the next decade.
Global expansion remains a top priority for KVM and PRO AV vendors. North
American and European markets offer significant headroom for penetration while
Asia Pacific region is witnessing a construction boom of commercial and
institutional buildings thereby driving new installations. Emerging economies
in Latin America and Middle East are also witnessing a spike in infrastructure
projects augmenting prospects.
Market drivers: The increasing adoption of hybrid working models across
industries has been a major driver underpinning KVM and PRO AV sales globally.
Enterprises are investing heavily in digital infrastructure to facilitate
communication and cooperation between on-site and remote employees.
Additionally, lowering production costs of displays along with advancements in
video processing technologies have made high-end solutions affordable for
diverse customer segments.
Market restraints: Complex integration of disparate systems from multiple
manufacturers remains a key challenge to be addressed. Additionally, the market
remains highly fragmented with numerous regional and local players competing
for opportunities. Standardization of protocols and reference architectures can
help address current interoperability issues to some extent.
Segment Analysis
The KVM and PRO AV market can be segmented into commercial and industrial
segments. The commercial segment comprises corporate offices, meeting rooms,
auditoriums etc. This segment is currently dominating the market as most
businesses are adopting advanced audiovisual solutions to enhance workplace
productivity and improve collaboration. Key factors driving adoption in the
commercial segment are increasing need for effective conferencing solutions
across globally distributed teams and demand for interactive digital signage in
lobbies, cafeterias etc.
Within the commercial segment, meeting room and conference room solutions have
emerged as the largest sub-segment. Integration of features like video
conferencing, wireless content sharing and digital signage into meeting room
solutions has boosted their demand significantly amongst enterprises looking to
upgrade existing infrastructure or expand to new facilities.
Global Analysis
Regionally, North America currently holds the major share in the KVM and PRO AV
market due to high technology adoption rates and rapid digitalization among key
industries in the US and Canada. However, Asia Pacific is projected to witness
the highest growth during the forecast period supported by rising business
spending on office infrastructure in dynamic economies of China, India and
Southeast Asian nations which are undergoing rapid urbanization. Countries like
China and India are expected to emerge as key regional hubs for KVM and PRO AV
suppliers seeking to tap into high growth opportunities.
Get More Insights On This Topic: KVM
And PRO AV Market
Explore More Article: Amino
Acid