The Spain Pro AV (Audio-Visual) market the market will grow at a CAGR of 6.5% between 2022 and 2029. Pro AV (Audio-Visual) services are in more demand than ever, and this trend will continue.
A sort of electronic media that combines sound and visual/video components is referred to as "audio-visual" (AV). Slide-tape presentations, motion pictures, television programmes, business conferences, religious services, and live theatrical productions are a few examples.
As a consequence of technical developments such as high-definition display technologies, cloud technologies, and others, the way professional audio/visual equipment is utilised to communicate, broadcast, engage, cooperate, and market in commercial settings is altering. Professional audio/visual equipment includes parts like screens, cameras, microphones, speakers and sound bars, projectors, and others.
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Drivers
Artificial Intelligence In Professional AV Systems
Artificial intelligence in recent times has played a vital role in strengthening and transforming industries around the globe. From governmental bodies and large organizations to small online businesses, artificial intelligence (AI) is used by multiple entities worldwide.
IoT & Advancement Cloud Systems Aiding Pro AV Services
There has been a progressive shift in the IoT ecosphere in recent years. This ecosphere is served by various standard electronic parts that are the hardware integrated with multiple software. Utilizing custom pro AV services in the IoT era is an absolute necessity driving pro AV services aided by IoT technology. Since IoT-enabled devices can connect with the broader advanced network, they achieve extensive functionality. IoT-enabled devices are widely adopted in mass media, broadcast, transportation, packaging, healthcare and other industries.
Opportunity
Rise In Demand For Wireless Professional AV Systems
It's incredible when you think about the evolution of the network. It wasn't that long ago that we were frustrated with slow connections, bulky devices and not much. As we move into the age of fast mobile and wireless connections and BYOD, a consumer-grade network will no longer do. We have entered the era of purpose-built digital infrastructures. More specifically, they are digital media infrastructures. Because no matter if you work in an office environment or deployed unit for the military, there is a high probability that 75% of the traffic on your infrastructure will be media.
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Covid-19 Impact on Spain Pro AV (Audio-Visual) Market
COVID-19 has negatively affected the Spain Pro AV (Audio-Visual) market. The supply chain of all the industries has been severely affected, especially the electronic components. Component suppliers are struggling to meet demand, so manufacturers can't build the products in time, so integrators are facing project delays. End users aren't getting to use the tools they need to move their organizations forward. Most industries are facing production delays due to these reasons. The spike in demand was met by a fall in supply.
Recent Developments
In June 2022, Roland Corporation launched the V-160HD Streaming Video Switcher. The critical feature offered were multichannel HD video switching products and the first with built-in streaming capabilities
In May 2022, AVI SYSTEMS acquired CIM Audio Visual / CCS Presentation Systems. The main objective behind this acquisition was to strengthen further the company's audio-visual solutions portfolio, specifically for education and corporate markets
Spain Pro AV (Audio-Visual) Market Scope
Type
- Product
- Services
Technology
- Cloud based
- Satellite broadcast
- Virtual
- Hybrid
Distribution Channel
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Application
- Corporate
- Media & entertainment
- Theaters/live events
- Others
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