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Kvm And Pro Av Market Will Grow At Highest Pace Owing To Rising Digitalization

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gauri kanale


The KVM and PRO AV market comprises keyboard, video and mouse (KVM) switches that facilitate access to multiple computers from a single console. Additionally, professional audio-video (PRO AV) products such as projectors, video conferencing systems, AV receivers and switches are also considered under this market. KVM and PRO AV solutions are widely adopted across end-use industries such as corporate offices, educational institutions, government offices and healthcare centers for productivity enhancement as well as collaboration.

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. The growing requirement for collaboration and connectivity across different industries has been augmenting the demand for KVM and PRO AV solutions. Additionally, technological advancements such as 4K and HDR video support along with USB Type-C connectivity standards have further expanded the application scope of these solutions.

Market trends

The Global KVM And PRO AV Market Size is witnessing rising adoption of wireless and digital signage solutions. Wireless KVM solutions facilitate hassle-free access and control of connected systems over WiFi network whereas digital signage provides an effective platform for visual communication and marketing across corporate offices, malls and public places. Furthermore, the integration of AI and IoT is also gaining traction in the market. Major players are focusing on developing intelligent KVM and PRO AV solutions with features such as predictive maintenance, automatic device discovery and gesture/voice control.

Market Opportunities

Increasing investments in smart city initiatives are expected to open new growth avenues for KVM and PRO AV players. These solutions play a crucial role for designing smart infrastructure by enabling integrated command centers, transportation management, emergency response and surveillance systems. Additionally, rising popularity of e-learning during the ongoing pandemic has further accentuated the need for high-end KVM and PRO AV solutions in the education sector. This offers tremendous opportunities for market participants to diversify their presence.

Impact of COVID-19 on KVM and PRO AV Market Growth

The COVID-19 pandemic has impacted the growth of KVM and PRO AV market in both positive and negative ways. On the negative side, the lockdowns imposed by various governments led to closure of manufacturing facilities and disrupted supply chains. This led to shortage of inventory and delays in shipments globally. Reduction in business investments on offices and events also reduced the demand for audio visual and conferencing equipment. However, post lockdowns, increased demand for work from home options and online education led to surge in demand for cloud computing solutions, collaboration tools, video conferencing hardware/software. Various companies shifted to hybrid and remote working models which boosted the sales of KVM switches, IP cameras, wireless presentation systems etc. The increased focus on digital transformation initiatives by businesses is expected to further accelerate the adoption of AV over IP and network infrastructure ensuring seamless work processes. With remote working becoming a new normal, the demand for such technologies is estimated to remain robust in coming years.

Geographical Regions with Highest KVM and PRO AV Market Value

North America currently holds the largest value share in global KVM and PRO AV equipment market owing to high technology adoption, strong presence of solution providers and economic stability. Within North America, United States accounts for majority of revenues due to large office infrastructure and tech companies driving investments. Europe is the second largest region driven by demand from commercial sector including education, healthcare, corporate offices. Asia Pacific region is experiencing fastest growth led by China and India where increasing digitization and rising disposable incomes are fueling the AV equipment installations across various industry verticals.

Fastest Growing Regional Market for KVM and PRO AV Equipment

Asia Pacific region is poised to be the fastest growing regional market for KVM and PRO AV equipment during the forecast period. Rapid digitization initiatives by governments, growing consumer demand for digital services and experiences as well as expansion of corporate offices are driving investments towards collaboration, networking and conferencing infrastructure. Countries like China, India, Japan, South Korea, Singapore are rapidly enhancing their digital capabilities which is opening new opportunities for AV solution providers in the region. Favorable policies supporting local manufacturing and 'Make in India' programs are also attracting global players to establish presence and tap into growth opportunities. Rising middle class population with disposable incomes makes Asia Pacific highly lucrative market for AV technologies.

 

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