AV as a Service works similar to software as a service. Users can lease the equipment they require from AV integrators for a predictable monthly price instead of making a huge upfront investment in costly AV hardware. Single solutions, such as a video conferencing system, or whole meeting or huddle room solutions with all essential components are available. Instead of diverting manpower resources to monitor, maintain, and troubleshoot such AV solutions, the end-user can pay a charge that includes dependable, experienced assistance from the AV integrator, saving time and money. Many of the expenses and hazards involved with operating AV equipment and services in-house may be mitigated with AV as a Service. North America is the largest market for the AV as a service followed by Europe and the Asia Pacific.This growth is primarily driven by Need Of AV as A Service to Avoid Purchase and Maintenance of AV Devices and Demand For Expert Assistance for AV Integration.
Globally, a noticeable market trend is evident Adoption Of Advanced AV Devices in AV as A Service. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Techni+ (United States), Judge Audio Visual Solutions (United States), Ricoh (Japan), Align Communications (United States), CCS Presentation Systems (United States), Diversified (United States), Ford AV (United States), New Era Technology (United States), Telerent Leasing Corporation (United States) and Unified Technology Systems (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3rd June 2019, Judge Audio Visual Solutions (“Judge A/V”), a branch of The Judge Group, has been purchased by Solutionz, Inc. SCN Magazine has listed Solutionz as the seventh-largest A/V integrator in the United States, and the company has locations all across the Northeast. Judge Audio Visual Solutions will join the Solutionz Philadelphia team.
In July 2020, Ricoh has launched an audiovisual (AV) managed services solution to assist clients who wish to maintain high levels of cooperation in their meeting rooms and workspaces following a lockdown. The company is launching the program now, with intentions to make it accessible to managed service providers (MSPs) in phase two, perhaps later this year or early next year, in order to assist users who require assistance setting up and maintaining AV facilities.
- Need Of AV as A Service to Avoid Purchase and Maintenance of AV Devices
- Demand For Expert Assistance for AV Integration
- Adoption Of Advanced AV Devices in AV as A Service
- Corporations Opting for In House AVs
Adoption Of AV as A Service by Large Enterprises Will Boost the Demand of AV as A Service and Work From Home Culture Will Increase the Demand of AV as A Service
Challenging To Make AV as A Service More Accessible and Lack Of Awareness About AV as A Service Among Corporates
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, AV as a Service Study Sheds Light on
— The AV as a Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the AV as a Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where AV as a Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.