News

Pro A/V market to grow by $106B by 2024

March 10, 2020

The pro A/V market is expected to grow by $106.72 billion from 2020 to 2024 with a compound annual growth rate of 11%, according to a report by Technavio.

A key driver is increased usage of digital signage driving up demand for pro A/V products. In addition, the Asia-Pacific will make up 68% of the growth in the overall market.

Other factors driving the market include:

• Growth in e-learning.
• More training for pro A/V equipment.
• Transition to mobile platforms.
• Emergence of better technologies such as VR content.