One of the major challenges faced by the global KVM and PRO AV market is the high initial investment required in PRO AV systems and solutions. Setting up professional audio-visual systems for corporate boardrooms, lecture halls, auditoriums, and other such large venues requires a significant capital outlay towards hardware such as projectors, displays, audio systems and more. Integration of these systems further increases costs.
Market Opportunity - Advanced technologies
Advancing technologies such as artificial intelligence and internet of things have immense potential to push the boundaries and open new avenues of growth in the global KVM and PRO AV market. With AI and IoT becoming pervasive realities across industries, there is tremendous scope to make KVM switches and PRO AV solutions much more intelligent, automated and seamlessly integrated.
As per data by the United Nations, during COVID-19 pandemic in 2020, approximately 1.57 billion children were affected by school closures globally with many transitioning to online learning modes. This has accelerated the demand for advanced virtual meeting solutions, wireless presentation systems, interactive displays, and digital education tools that improve collaboration. Integrating AI and IoT will make such solutions intuitive to use with one another and with other smart building systems, offering a unified experience.
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