Aug 22, 2017 Joe Kleiman Asia, Business, Europe & Middle East, Latin America & Mexico, News, North America, Technology & Media, World markets 0
Economic Outlook: The pro-AV industry in the Americas generated $65 billion in 2016, after a very moderate contraction in 2015. It’s anticipated that the region will continue to grow, reaching $83 billion in value in 2022.
Steady U.S. Growth: The U.S. is the world’s largest pro-AV market. It was worth nearly $53 billion in 2016 and is projected to grow 4 percent annually, on average, through 2022.
Market Trends and Sizing: Streaming media, storage, and distribution (SMSD) platforms generated $17 billion in 2016, and now account for more than 26 percent of the professional AV market in the Americas.
Market Dynamics by Solution: Sales for command and control, conferencing and collaboration, digital signage, live events, security and surveillance, and simulation and visualization will increase from $33 billion in 2017 to $41 billion by the end of 2022.
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