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KVM (Keyboard, Video and Mouse) and PRO AV (Professional Audiovisual) equipment are becoming crucial for professional applications across various industry verticals. KVM switches allow users to control multiple computers from a single keyboard, monitor and mouse. Meanwhile, PRO AV equipment such as video walls, audio-amplifiers are extensively used in conference rooms, auditoriums, exhibitions and events. The demand for these professional tools is driven by the need for collaboration and effective presentation among organizations in corporate, education and government sectors.
The Global KVM and PRO AV Market is estimated to be valued at US$ 402391.05 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the KVM and PRO AV Market are Mondi PLC, Ahlstrom-Munksjö Oyj, Autajon CS, Huhtamaki Flexible Packaging (Huhtamaki Oyj) and Avery Dennison Corporation. These players are focusing on new product launches and partnerships to expand their global footprint.
The growing trend of digital transformation across industries is creating numerous opportunities for KVM and PRO AV vendors. Technologies like videowalls, smart displays are witnessing high demand for applications such as corporate meetings, e-learning and live streaming.
The Asia Pacific region is expected to witness highest growth in the global KVM and PRO AV market during the forecast period. This can be attributed to rapid infrastructure development and urbanization in developing economies such as China and India. Additionally, growing number of SMEs and corporate offices adopting digital solutions will drive the market in Asia Pacific.
Market drivers
The rising number of commercial construction projects for office spaces, auditoriums and event halls across the globe is a key driver contributing to the growth of Global KVM And PRO AV Market Size. According to data, the commercial construction industry witnessed an estimated spend of over US$ 9 trillion globally in 2021. As modern commercial infrastructures require advanced audiovisual and control room solutions, this trend will continue to drive the demand for KVM switches and PRO AV products.
PEST ANALYSIS
Political: The KVM and PRO AV market is affected by regulations related to import/export tariffs and taxation policies set by governments worldwide. Changes in such policies impact the procurement of components and pricing of products in this market.
Economic: Global economic growth drives the demand for advanced presentation systems from various industries. Recovering economies post pandemic and investments in corporate and education infrastructure boost the KVM and PRO AV market.
Social: Growing digital transformation and hybrid work culture increase the need for effective collaboration tools. Advanced multimedia technologies enable seamless integration of audio-visual systems in professional environments.
Technological: Advancements in video processing, wireless connectivity, and control room management systems enhance operational efficiency. Transition to IP-based solutions and integration with control systems provide new opportunities in digital signage and smart buildings applications.
Geographical region with highest market share:
North America accounts for the largest share in the global KVM and PRO AV market in terms of value. Presence of major industry verticals using such technologies and early adoption of advanced multimedia systems contribute to its leading position. The United States holds the maximum demand fueled by large corporate and education sectors.
Fastest growing region:
The Asia Pacific region is expected to experience the fastest growth in the KVM and PRO AV market during the forecast period. Rapid digitalization of industries, infrastructure development, and population growth with increasing disposable incomes in developing countries support the rising uptake of such technologies. Countries like China and India are key regional markets propelling future expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
