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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.