The global KVM and PRO AV market is estimated to be valued at US$ 284,522.3 Mn in 2021 and is expected to exhibit a CAGR of 10.8% over the forecast period 2021-2027, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
The KVM (Keyboard, Video, and Mouse) and PRO AV (Professional Audio-Visual) market refers to the technology used for controlling multiple computers or servers from a single keyboard, monitor, and mouse setup. It enables efficient management of data centers, allowing operators to easily switch between different computers without physically moving. The PRO AV solutions provide high-quality audio and visual experiences in various industries including healthcare, education, corporate, and entertainment.
The need for KVM and PRO AV solutions has increased significantly, especially with the rise of remote working and the demand for seamless collaboration and communication. These technologies enable organizations to improve productivity, reduce costs, and enhance the overall workflow.
B) Market Key Trends:
One key trend driving the growth of the KVM and PRO AV market is the increasing adoption of remote working. The COVID-19 pandemic has accelerated the shift towards remote working arrangements globally. As a result, organizations are investing in KVM and PRO AV solutions to ensure smooth remote operations and efficient collaborative work environments. These technologies enable employees to securely access their workstations and share information with colleagues remotely, enhancing productivity and workflow efficiency.
For example, AVI Systems Inc., one of the key players in the market, offers a range of PRO AV solutions that enable seamless remote collaboration. Their advanced video conferencing systems, interactive displays, and audio solutions facilitate effective communication between remote teams, replicating the in-person meeting experience.
C) PEST Analysis:
– Political: Governments around the world are focusing on improving digital infrastructure and promoting flexible working arrangements, which is driving the demand for KVM and PRO AV solutions.
– Economic: The growing need for cost-effective and efficient remote working solutions is fueling the market growth. These technologies offer significant cost savings by reducing travel expenses and improving productivity.
– Social: The increasing trend of remote working and the need for enhanced collaboration and communication are influencing the adoption of KVM and PRO AV solutions.
– Technological: Advancements in audio and video technologies, such as high-resolution displays and immersive sound systems, are driving the market growth. Additionally, the integration of artificial intelligence and virtual reality technologies in these solutions is further enhancing their capabilities.
D) Key Takeaways:
– The global KVM and PRO AV market is expected to witness high growth, exhibiting a CAGR of 10.8% over the forecast period, due to the increasing adoption of remote working.
– North America is expected to be the fastest-growing and dominating region in the market, driven by the presence of major technology companies and the demand for advanced communication solutions.
– Key players operating in the global KVM and PRO AV market include Anixter International Inc., AVI Systems Inc., AVI-SPL Inc., CCS Presentation Systems, Ford Audio-Video LLC, Avidex Industries, Herman ProAV, Kramer Electronics, Samsung, Vistacom Inc, Biamp Systems, proAV Limited, Professional Audio Visual Ltd., Cypress Technology Co., Ltd. (CYP), Pro AV Solutions Pty Ltd, Audio Technica, NETGEAR, LG Electronics, Logitech, Sony, Black Box Corporation, Guntermann & Drunck GmbH, Aten International Co., Ltd, Adder Technology Ltd, and Rextron.
In conclusion, the global KVM and PRO AV market is experiencing substantial growth due to the increasing adoption of remote working arrangements. These technologies facilitate seamless collaboration and communication, enabling organizations to enhance productivity and workflow efficiency. With advancements in audio and video technologies, the market is expected to witness significant growth in the coming years.
