The global audio-visual over internet protocol market is growing at a steady rate and is estimated to witness a significant CAGR during the forecast period (2021-2027). Audio-visual over internet protocol or is an internet-based transmission of various audios, videos, and control signals. A WAN, LAN, or the internet, among other network cable infrastructure, is widely used for the audio-visual over internet protocol. It is advanced standard network equipment that transmits and switches the audio and video signals over a networking cable.
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The significant increase in the transmission of audio and video signals with the rising trends for online streaming of videos over the internet is anticipated to drive the demand for audio-visual over internet protocol in the market. The rising demand for IP-based infrastructure over a conventional analog AV, audio, and security system further supports the market growth during the forecast period. Additionally, the increasing demand for large, long-distance, and more complex transmission systems with integrated technological advancement concepts and the rising implementation of smart home devices are some factors that supplement the growth of the global audio-visual over internet protocol market during the forecast period.
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The key vendors present in the global audio-visual over internet protocol market include Barco NV, Audinate Group Ltd., and The Siemon Co., among others adopted enormous strategies to stay competitive in the market. Product launches, mergers & acquisitions, and others are some key strategies adopted by the market players. For instance, in September 2019, Amazon Music announced the launch of the highest-quality audio services for streaming with Amazon Music HD. This strategic initiative will result to access and stream 50 million + songs in HD audios. Additionally, in September 2019, Apple declared the launch of Apple TV+, as an original video subscription service with the streamlined features of original shows, movies, and documentaries on various connected devices.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Barco NV, Audinate Group Ltd., and The Siemon Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Audio-Visual over Internet Protocol Market Report Segmentation
By Type
- Hardware
- Software
By Application
- Corporate
- Education
- Government
- Hospitality
- Others
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