The global AV-over-IP market is anticipated to grow at a CAGR of 15.0% during the forecast period (2022-2028). AV over IP is abbreviated for audio visual over IP that defines as the broadcast of video, audio, and control signals over a network cable infrastructure. This network cable infrastructure could be in the form of WAN, LAN or even the internet. As compared to the conventional analogue audio-visual systems, audio visual over internet protocol is generally referred to the usage of standard network equipment to transmit and shift video and audio signals.
With the rising adoption of smart home devices, the concept of technology devices as ‘internet protocol end points’ is simultaneously being more prevalent and accepted. Thus, the concept of smart homes is primarily driving the global audio visual over internet protocol market growth. Other major factors propelling the growth of the global audio visual over internet protocol market include the numerous benefits of this transmission channel. These include video standards extend beyond the local facility, convergence with data and communications, scalable switching, breakdown of the distance barriers, good quality ratio of inputs to outputs, and new options in video processing.
Some key players operating in the market include Vanco International, ZeeVee Inc., and The Siemon Co., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2020, Vanco International LLC declared EVO-IP LITE: a cost-effective HDMI over IP solution developed from the Evolution EVO-IP platform, perfect for residential, light commercial, and even larger commercial installations with video resolutions up to 1080p.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Vanco International, ZeeVee Inc., and The Siemon Co., among others.
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Global AV-over-IP Market Report by Segment
By Type
- Hardware-Based AV-over-IP
- Software-Based AV-over-IP
By Application
- Corporate
- Education
- Government
- Hospitality
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- 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?
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