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AV News September 2023

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September 2023 www.avnewsonline.com

The direct channel to the industry

The most sustainable touchscreens for your office

The hidden business costs of outdated technology

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Investing in sustainable office equipment is essential for a modern working environment.

Almost nine in 10 UK businesses continue to struggle with basic tasks each day because of a failure to update their technology systems.

Pro AV Industry is Forecast to Add Hybrid working poses a risk to Nearly $100 Billion in Revenue high-trust organisations Over Next Five Years, According to New Research from AVIXA FAIRFAX, VA – August 29, 2023 – The pro AV industry is forecast to add nearly $100 billion in revenue over the next five years, reaching $402 billion in 2028, according to AVIXA’s 2023 Industry Outlook and Trends Analysis (IOTA). With pandemic

product trends, solution categories, and vertical markets. “This year’s update to the pro AV industry forecasts shows a return to a rate of growth that would have been considered more normal before the pandemic,” says Sean Wargo, Vice President of Market Intelligence, AVIXA. “However, looking below

2022 did slightly better than initially expected, this came at the cost of 2023 growth because recovery was pulled forward from 2023 into 2022. On net, 2023 revenue totals reflect offsetting impacts of elevated demand and deflation in some core categories. APAC economies are experi-

recovery largely in the past, the industry is poised for healthy growth through 2028, even if year-over-year percentages slowly decline. AVIXA’s 2023 Industry Outlook and Trends Analysis (IOTA) presents data and analysis about the size of the pro AV industry with a global perspective – plus regional and vertical breakouts. The research covers

the surface, one can still see a varied landscape of opportunity. Immersive experiences across the venue and events market is a particular one to watch.” Pro AV revenue will grow from $307 billion in 2023 to $402 billion in 2028 – a 5.6% compound annual growth rate. The near term shows a mix of demand growth and deflation as supply issues improve. While

encing higher growth each year, contributing to its position as the largest region for pro AV spending. Most notable is the return of live events, reviving the rental and staging market. Digital signage is expanding faster in APAC, with a 7.2% growth rate as the consumer base grows. The Americas were stronger Continued on page 3

Over a quarter (27%) of AV professionals believe that customer trust in their organisation has been weakened by the shift to remote work, with security

the public sectors, revealed that communication via open Wi-Fi networks (89%) was the top security concern with hybrid work. This was closely followed by un-

being full remote. By comparison only 3% of high-trust organisations’ employees work fully from their respective offices, with just a quarter (25%) who

concerns topping the list when it comes to issues with hybrid working. That’s according to a new ‘Trusted Connections 2023’ study from AV solutions provider Kinly. The research, which surveyed 150 UK-based AV professionals working across ‘high trust’ industries like banking, finance, healthcare, energy, and

authorised saving or copying of documents (88%) and webcam hacking (87%). Despite the clear concern around the security of high trust organisations’ communications technology, the study also found that well over half (59%) of high trust organisations’ employees do the majority of their work remotely, with one in ten (12%)

are hybrid working stating that they spend the majority of their time in the office. As organisations working in high trust sectors are often handling extremely sensitive personal data, it is of paramount importance that the technology they

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