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Global pro A/V market to grow by 11%

August 16, 2019

The global pro A/V market is expected to have a compound annual growth rate of close to 11% from 2018 to 2022 according to a report by Technavio. Increasing usage of digital signage is propelling growth in the market.

This demand for pro A/V equipment is helping drive support for more advanced solutions such as VR content, according to the report. This specialized content will see growth during the forecasted period, according to the report.

"Vendors in the pro A/V market are focusing on training users on the features of pro A/V equipment. Vendors are conducting training programs that are designed to help A/V professionals acquire detailed knowledge and understanding of their complete range of A/V solutions. Such training programs will positively impact the growth of the pro A/V market during the forecast period," a Technavio analyst said in the report.

In 2017, the Americas held the highest market share, but the Asian-Pacific market is expected to surpass the Americas by 2022.