KVM And PRO AV Market
Global KVM and PRO AV market is estimated to be valued at US$ 38.21 Bn in 2024 and is expected to reach US$ 60.42 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. The global KVM and PRO AV market refers to the professional audio visual and video extension technologies that are used across various industry verticals for commercial applications. Over the past few years, there has been rapid advancement in video conferencing, digital signage, and other audio-visual technologies due to increased application of IoT and cloud-based solutions. KVM switches and extenders have made it possible to access and control computers from remote locations, thereby improving productivity for office environments and control rooms. Meanwhile, the demand for PRO AV solutions for collaboration, conferences, and digital placards has surged from corporate, education, and government entities. The convergence of different technologies coupled with rising business demand for unified workplace solutions is expected to drive double digit growth of the global KVM and PRO AV market during the forecast period.
Market Dynamics:
The global KVM and PRO AV market is driven by the growing need for digital workplace transformation among enterprises. The increasing adoption of hybrid working models post-COVID-19 has further accelerated the demand. However, high initial investment and maintenance cost of these advanced systems poses a major challenge. On the positive side, continuous technological innovations such as 4K/8K video formats, networked AV and integration of AI/ML are creating new revenue pockets. Besides, increasing penetration of cloud computing is opening opportunities for managed and software-based KVM and PRO AV services. The market players can gain opportunities by offering convergence of different technologies through their solutions and scaling their delivery networks to cope up with the growing complexities of digital workplaces.
Key Features of the Study:
- This report provides in-depth analysis of the global KVM and PRO AV market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global KVM and PRO AV market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Anixter International Inc, AVI Systems Inc, AVI-SPL Inc., CCS Presentation Systems, Ford Audio-Video LLC, Avidex Industries, Herman ProAV, Kramer Electronics, Samsung, Vistacom Inc, Biamp Systems, proAV Limited, Professional Audio-Visual Ltd., and Cypress Technology Co., Ltd. (CYP)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global KVM and PRO AV market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global KVM and PRO AV market
Market Segmentation
Market Segmentation
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