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The global pro AV market was valued at US$ 2.7 Billion in 2021.
We expect the global pro AV market to exhibit a CAGR of 4.4% during 2022-2027.
The extensive installations of pro AV systems in shopping centers, exhibition halls, hotels, and stadiums
to draw the attention of the consumers and influence their buying decisions are primarily driving the
global pro AV market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing utilization of pro AV systems
for improving the overall communication and connectivity between the users to deliver videos, web
content, graphics, etc., owing to the rising adoption of e-learning and remote working scenarios.
Based on the solution, the global pro AV market can be segmented into products and services.
Currently, products hold the majority of the total market share.
Based on the distribution channel, the global pro AV market has been divided into direct sales and
distributors, where distributors currently exhibit a clear dominance in the market.
Based on the application, the global pro AV market can be categorized into home use, commercial,
education, government, hospitality, and others. Among these, the education sector accounts for the
largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global pro AV market include Anixter International Inc. (Wesco
International Inc.), AVI Systems Inc., AVI-SPL Inc., Biamp Systems LLC, CCS Presentation Systems LLC,
Ford Audio-Video Systems LLC, New ERA Technology Inc., Professional Audio Visual Ltd., Solutionz Inc.,
Telerent Leasing Corp. (ITOCHU International Inc.), and Vistacom Inc.
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