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InfoComm International Study Projects $116 Billion AV Industry by 2016

The study finds that the audiovisual industry currently generates $92 billion a year. Further industry growth is anticipated.

InfoComm International Study Projects $116 Billion AV Industry by 2016

Aug 13, 2014 8:57 PM

A new study by Acclaro Growth Partners is projecting that audiovisual products and services will become a $116 billion global industry by 2016. The 2014 Global AV Market Definition and Strategy Study, conducted on behalf of InfoComm International, is the only worldwide study aimed at sizing the commercial audiovisual industry.

The growth of conferencing, signal management, AV acquisition and delivery equipment, and streaming media resulted in an 11 percent compound annual growth in demand for AV products and services between 2012 and 2016. The study finds that the audiovisual industry currently generates $92 billion a year. Further industry growth is anticipated.

AV applications such as displays, AV acquisition and delivery, projectors, signal management and processing, and sound reinforcement are expected to drive future growth. The fastest- growing product categories are control systems, software, AV acquisition and delivery, and displays. Over time, AV systems have become complex and essential to the operation of government, institutions, and corporations, resulting in a growing need for service contracts.

The corporate, venues/events, and government/ military markets are the three largest consumers of audiovisual products and services. However, hospitality is the fastest growing market for AV goods and services. The increased need for communication and collaboration in these environments is fueling a reliance on AV.

The study can be purchased in its entirety or by regional or country report at www.infocomm.org/store.

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