Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market: Introduction
AV as a service (AVaaS) - unified audio visual solutions for businesses are a comprehensive suite of audio visual services through cloud-based audio visual solutions. Earlier, audio visual solutions for businesses required bulky on-premise equipment and costly on-site management which increases the cost to business as well as hampers the operational efficiency of the business enterprise.
Adoption of AV as a service (AVaaS) - unified audio visual solutions for businesses is increasing specifically in small & medium size enterprises with the development of unified service on cloud within the business enterprise for communication. The shift in trend from on-premise to cloud based deployment has led to a drastic transformation in the ICT industry.
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Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market - Dynamics
Increasing Number of Conference Rooms Specifically in Small & Medium Size Enterprises
Of the total enterprises across the globe in terms of size, small & medium size enterprise holds nearly 95%. Strong adoption of conference rooms as well as meeting rooms specifically in small & medium size enterprises is seen. Demand for AV as a Service (AVaaS) - unified audio visual solutions is increasing with the increasing adoption of conference rooms and need for communication globally.
Increasing Scope of HD Video Communication
A huge shift is seen in communication methods in the past few years. Initially, telephones/landlines were used for communication. Increased adoption of cellular networks has led to wide-spread adoption of wireless audio communication. The current scenario has witnessed drastic increase in adoption of video communication. Originally, all the components used in audio- video communication were deployed on the premises. Demand for AV as a Service (AVaaS) - unified audio visual solutions has increased across the globe due to increasing concerns about costing and deployment.
Legacy Platform Hampering the Growth of AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market
One of the major restraints of the AV as a Service (AVaaS) - unified audio visual solutions for businesses market is integration of the solution with the old legacy system of companies (specifically in the Asia Pacific region). Companies need to transform their system infrastructure to maintain the compatibility with the AV as a service (AVaaS) - unified audio visual solutions for businesses. Total transformation could slow down the growth of a company in terms of revenue for the period in which the system transformation takes place and this would restrain the deployment of AV as a service (AVaaS) - unified audio visual solutions for businesses.
North America Expected to Dominate the Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market
In terms of region, the global AV as a service (AVaaS) - unified audio visual solutions for businesses market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global AV as a service (AVaaS) - unified audio visual solutions for businesses market during the forecast period, due to developed network infrastructure in North America compared to other regions.
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Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market – Competitive Landscape
- In June 2019, Solutionz Inc. acquired Judge Audio Visual Solutions which is a division of The Judge Group. This would help the company to strengthen its position specifically in A/V and unified communication systems in Northeast America.
- In January 2019, AMX SVSI network media solution was deployed at The University of Southern Queensland (USQ) to create flexible teaching spaces leveraging the University’s standard network infrastructure.
York Telecom Corporation dba Yorktel.
Established in 1985, York Telecom Corporation dba Yorktel. is a provider of visual communication services for government agencies, financial firms, educational institutions, and the healthcare industry.
Established in 1999, Cenero LLC is a service-focused audio visual, unified communications, and IT solutions provider dedicated to the intelligent integration of products and services. The company holds expertise in complete design, installation, and service of all AV systems, and managed services for complex audio visual and video conferencing rooms, among others.
Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market: Segmentation
The global AV as a service (AVaaS) - unified audio visual solutions for businesses market can be segmented based on:
- Enterprise Size
Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market, by Enterprise Size
Based on enterprise size, the global AV as a service (AVaaS) - unified audio visual solutions for businesses market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global AV as a Service (AVaaS) - Unified Audio Visual Solutions for Businesses Market, by Industry
Based on industry, the global AV as a service (AVaaS) - unified audio visual solutions for businesses market can be segregated into:
- Banking, Financial Services and Insurance (BFSI)
- Retail & E-commerce
- Media & Entertainment
- Food & Beverages
- IT & ITES
- Others (Aerospace, Transportation)
Regional analysis of the global AV as a service (AVaaS) - unified audio visual solutions for businesses market:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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