Professional Audio-Visual Systems Market 2021 Outlook with Key Industry Manufacturers - AVI-SPL, Inc., AVI Systems Inc., Ford Audio-Video

Latest released, the research study on Global Professional Audio-Visual Systems Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Professional Audio-Visual Systems Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Professional Audio-Visual Systems. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: AVI-SPL, Inc., AVI Systems Inc., Ford Audio-Video, LLC, Solotech Inc. among others.

The Professional Audio-Visual Systems Market is expected to register a CAGR of 4% during the forecast period (2021 - 2026).

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Industry News:

- Feb 2020 - AVI-SPL, a digital workplace collaboration solutions provider, announced that it has entered into a definitive agreement to merge with Whitlock, an existing portfolio company of Marlin Equity Partners, a global investment firm. The two workplace service providers will combine under AVI-SPL to offer customers end-to-end technology management and support solutions for customers globally.
- Jan 2020 - Solotech officially announced the launch of its e-commerce platform. Directly accessible via the home page of the companys website, the online store is a resource for individuals and shops looking for professional audiovisual and entertainment technologies deliverable at home.

Key Market Trends

Retail Segment is Expected to Witness Significant Growth

- The retail sector across the globe is facing stiff competition from the E-commerce platforms that are growing at a good pace. The physical stores are largely set for a renewal process that is largely based on their ability to integrate modern technologies to create experiences that a person cannot have through a web browser. This is one of the major reasons for driving the demand for the market in the retail segment.
- Moreover, surveys indicate that the younger generation of shoppers today wants a collective and engaging retail experience. The industry experts are calling this trend as the destination retail and the professional audio-visual solutions are expected to play a significant role in this trend.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America is Expected to Hold a Major Share

- The North American region is witnessing a shift to private, public, and hybrid cloud deployments over the previous on-premises solutions, which is expected to drive the market over the forecast period as diverse teams need better audio-visual solutions for seamless connectivity.
- Moreover, the transportation segment is also augmenting the growth of the market. For instance, the airport's council International-North America trade group announced that the airlines and officials in major cities in the region are planning to invest USD 100 billion in renovations in the coming years which is expected to drive the demand of these solutions.
- Furthermore, there is a lot of buzzes created around the usage of voice-activated control using virtual assistants such as Alexa, Siri, Google Home, and Cortana. As only a few of the products are widely exist that are adapted, the industry is making efforts on creating a path to use these virtual assistants to control audio-visual systems. The industry is also working on developing better ways primarily to secure the data these assistants collect and use it in a better way to help control the audio-visual experiences.

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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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