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Pro AV Market to Grow by USD 180.6 Million (2025-2029), Increased Digital Signage Usage Drives Growth, AI-Driven Market Transformation – Technavio

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global pro AV market size is estimated to grow by USD 180.6 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.4% during the forecast period. Increased use of digital signage is driving market growth, with a trend towards training for pro av equipment. However, increased emphasis on one-on-one learning poses a challenge. Key market players include Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc..

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Pro AV Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.4%

Market growth 2025-2029

USD 180.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, UK, Canada, Japan, India, South Korea, Germany, France, and Italy

Key companies profiled

Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc.

Market Driver

Pro Av Market: Trends Shaping the Future of Audio-Visual Technologies The Pro Av market is experiencing significant growth, driven by trends that prioritize immersive experiences for audiences in various sectors. Professional-grade equipment, including projectors, sound systems, video conferencing solutions, control systems, and interactive displays, are increasingly being adopted for conferences, concerts, corporate events, and even retail stores. AR applications, VR simulations, and UCC Solutions are revolutionizing customer engagement and employee training. The education sector is embracing classrooms, remote learning, and simulation training. Small businesses and global enterprises alike are investing in Pro Av solutions to enhance security, networked devices, and real-time dashboards. The corporate, entertainment, and government sectors are leveraging 4K and 8K video technologies, audio systems, and wireless technology for their venues and events. AI integration, IoT sensors, and display technologies like OLED and LED video walls are transforming public spaces, transportation hubs, and office spaces. Remote working, e-learning practices, and hybrid workspaces are driving demand for high-definition audio-visual technologies. Direct sales, distributors, and e-commerce platforms cater to home use and commercial applications. The Pro Av market encompasses Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and more. Security risks, such as data breaches, malware, and unauthorized access, necessitate AV systems design by integration firms and program management. The market serves various industries, including education, government, hospitality, consulting, and B2B/B2C sectors. 

Pro AV equipment vendors, including Seiko Epson, provide training programs for users to enhance their expertise in the latest AV technology. Epson’s Pro AV Academy is an example, catering to engineers, operators, and sales personnel. This initiative aims to equip AV professionals with comprehensive knowledge of Epson’s AV solutions and their application across various sectors such as events and retail, education, and business. The academy offers training in arranging, maintaining, operating, and marketing these technologies within the pro AV rental sector. 

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Market Challenges

Pro Av Market: Overcoming Challenges in Audiences, Experiences, and Technology The Pro Av market faces various challenges in delivering engaging experiences with professional-grade equipment for diverse sectors. These sectors include conferences, concerts, corporate events, education, telemedicine, retail stores, and more. Immersive experiences require advanced AV solutions like projectors, sound systems, video conferencing solutions, control systems, and interactive displays. Integrating AR applications, VR simulations, UCC Solutions, IoT sensors, AI, and 4K/8K video technologies pose complexities. Small businesses face security risks from networked devices, data breaches, malware, and unauthorized access. AV systems design, integration, and program management require expertise. Real-time dashboards, wireless technology, and IoT integration add to the complexity. The corporate, entertainment, government, and education sectors demand high-definition video and audio technologies, interactive whiteboards, high-definition projectors, and direct sales or distribution channels. Home use, commercial, and B2B/B2C markets also require tailored solutions. Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and Corp Venues and Events all contribute to the Pro Av market’s growth. Challenges include supply chain management, social media, online streaming platforms, digital marketing, and hybrid workspaces. In conclusion, the Pro Av market must address these challenges to provide experiences, professional-grade equipment, and customized solutions for various sectors while ensuring security and integration of advanced technologies like AI, IoT, and 4K/8K video technologies.The shift towards one-on-one learning and homeschooling will affect the demand for document cameras in the education sector. One-on-one learning is a teaching technique that provides individual attention to students, enabling them to learn effectively at their own pace. With the increasing use of laptops and tablets for this methodology, the need for document cameras may decrease. This trend is expected to continue during the forecast period, potentially reducing the market size for document cameras in education.

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Segment Overview

This pro av market report extensively covers market segmentation by 

Type 1.1 Products1.2 ServicesIndustry Application2.1 Entertainment2.2 Hospitality2.3 Retail2.4 Corporate2.5 TransportationGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Products- The Pro AV market is driven by the growth of the display sector, specifically digital signage. Digital signage utilizes wide, bright digital screens, such as LCD or plasma displays, for delivering videos, web content, images, and texts in various public and private environments. This technology is popular in retail, corporate settings, medical facilities, schools, libraries, transportation hubs, and the hospitality industry for information-sharing, advertising, and marketing purposes. Display control is primarily managed by PCs and servers using proprietary and public-domain software. The display sector continues to dominate the Pro AV market due to its advantages, including frequent updates, effective communication, power efficiency, and eco-friendliness. The global Pro AV market by projectors is also expected to grow, driven by their increasing use in education, corporate, hospitality, healthcare, and government sectors for video displays and presentations. Sound reinforcement systems, which enhance the loudness of pre-recorded or live music, will witness growth due to the rising number of live events and concerts. However, the conferencing segment may experience slow growth due to the shift towards software-driven, cost-effective solutions and the increasing popularity of virtual conferences. The “Others” segment, including room management, control systems, and IP distribution, is expected to decline due to the growing demand for displays and sound reinforcement systems.

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Research Analysis

The Pro Av market caters to the education industry, providing audiences with experiences through professional-grade equipment. This includes projectors delivering crystal-clear 4K and 8K video technologies, and sound systems with audio systems and wireless technology for larger venues like concert halls and corporate events. Video conferencing solutions enable seamless communication, while capture and production equipment allows for high-quality content creation. Professional Video and Professional Audio equipment are essential for various sectors, including government and public spaces, where large-scale video displays and powerful sound systems create impact. E-learning practices also benefit from these technologies, enhancing the learning experience. IoT integration and signal processors ensure efficient and effective use of equipment, while power amplifiers and microphones deliver clear, powerful sound. Pro Speakers and sound mixers provide customizable audio experiences for various applications. The market continues to evolve, with innovations in video projection, capture and production, and audio systems driving growth.

Market Research Overview

The Pro Av Market encompasses a wide range of audio-visual (AV) technologies designed for audiences seeking experiences. These solutions include professional-grade equipment such as projectors, sound systems, video conferencing solutions, control systems, and more. The market caters to various sectors, including corporate events, concerts, education, retail stores, and government offices. Technologies like AR applications, VR simulations, UCC Solutions, and IoT sensors are increasingly popular. AI integration is also a key trend, enhancing customer engagement, employee training, and security. AV systems design is crucial, with integration firms providing program management and real-time dashboard solutions. The market serves diverse industries, including the corporate, entertainment, and government sectors, as well as public spaces, remote working environments, and educational institutions. Technologies like 4K and 8K video, audio systems, and wireless technology are driving innovation. Key applications include video displays, capture and production, video projection, microphones, pro speakers, sound mixers, signal processors, and power amplifiers. The market caters to various sectors, including B2B and B2C, offline and online, and commercial and home use. Security risks, such as data breaches, malware, and unauthorized access, are significant concerns, necessitating security measures. The market also offers solutions for small businesses and e-learning practices. AV technologies continue to evolve, with advancements in display technologies, such as OLED displays and LED video walls, and audio technologies, like sound systems and high-definition audio processing. Interactive whiteboards and high-definition projectors are also popular. The market serves various industries, including transportation, hospitality, consulting, e-commerce, and more. Social media and online streaming platforms are increasingly utilizing AV technologies for digital marketing and hybrid workspaces. The market also caters to exhibits, collaborative classrooms, retail spaces, transportation hubs, office spaces, and OEM and electronics stores. Global enterprises, live performances, commercial real estate, music markets, supply chain management, and government offices are among the key sectors benefiting from AV technologies. The market continues to innovate, with advancements in AI integration and IoT integration driving growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeProductsServicesIndustry ApplicationEntertainmentHospitalityRetailCorporateTransportationGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

3 Easy Ways to Save on Payroll Software in 2025

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New survey results from Halfpricesoft reveals key tricks businesses across America have been using to maximize efficiency.

REDMOND, Wash. , Jan. 7, 2025 /PRNewswire/ — With inflation, “shrinkflation,” and corporate price hikes since the pandemic, small businesses are being squeezed by big tech companies into ever-smaller margins. Large coastal tech providers continue raising prices on even the most basic payroll software features, leaving small businesses and bookkeepers to foot the bill.

 

Business experts at Halfpricesoft have spent thousands of hours talking with small businesses from Iowa to Idaho to learn how they are surviving these unprecedented times. From cutting overhead costs to running more effective acquisition campaigns, they found that one of the biggest unnecessary expenses is overpaying for tech products—particularly payroll software. Business owners and accountants shared stories of per-employee fees exceeding $10 and steep charges for adding new companies.

Fixed Price for Employees

The fastest way to save money on payroll is to pick software with a fixed price rather than per-employee charges. Many major providers charge double digits per additional employee, which quickly drives up costs. Instead, choose solutions that offer a fixed rate, regardless of the number of employees.

ezPaycheck, an unlimited-employee payroll solution from Halfpricesoft, does exactly that. With unlimited employees and unlimited checks, bookkeepers, CPAs, and business owners have saved as much as 90% by switching from larger competitors. By focusing on fewer (but essential) features and streamlining development, ezPaycheck has been sold and supported continuously since 2005.

https://www.halfpricesoft.com/index.asp

Accurate, Updated Tax Withholding

One of the most common (and costly) mistakes businesses make is using payroll software that overestimates withholding. When employers send excess funds to the IRS and state governments on behalf of employees, it ties up capital that could otherwise be reinvested into the business.

The key to scaling a  small business or CPA firm is efficient capital allocation, making any significant overpayment of taxes a major liability. Some payroll software, to avoid underpayment, will drastically overcalculate withholdings or fail to handle state tax rates correctly.

Halfpricesoft takes pride in ezPaycheck’s accuracy and rapid updates. Whenever new tax laws or rate changes are announced, ezPaycheck and ezAccounting are updated promptly—often faster than many other solutions on the market. This commitment to accuracy and ease of use explains why ezPaycheck boasts one of the highest customer retention rates in the industry.

Quick Technical Support

Small businesses are often overlooked by larger companies, even when paying thousands of dollars in annual fees. When payroll errors or calculation issues arise, major providers tend to prioritize their biggest clients, leaving smaller businesses with delayed or inadequate support. This oversight can lead to tax penalties and costly mistakes.

ezPaycheck stands out in the payroll market for its fast, attentive support—especially when W-2 and 1099-MISC forms are due at the end of January. During these peak periods, support hours extend to over 12 hours a day, ensuring quick response times. From remote desktop troubleshooting to detailed phone consultations, Halfpricesoft focuses on customer success as one of its guiding principles. Only when small-business partners succeed can a payroll company truly grow.

Conclusion

With a 30 day free trial  and only $169 for an annual license, businesses owners and CPAs are encouraged to try ezPaycheck. With after the fact checks, 941 e-filing, check printing, and misc checks, ezPaycheck is the best payroll software for small businesses who want to scale affordably.

https://www.halfpricesoft.com/index.asp

Halfpricesoft.com is a leading provider of small to mid-size business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software,1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by customers for over 20 years and will allow US business owners to simplify payroll processing and streamline business management.

 

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SOURCE Halfpricesoft.com

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Siemens launches new program to empower startups with cutting-edge technology

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Siemens for Startups program to streamline the collaboration process and facilitate partnerships with new innovative companiesSiemens to collaborate with Amazon Web Services (AWS) to deliver access to Siemens Xcelerator ecosystem and accelerate innovation at startups

MUNICH, Jan. 7, 2025 /PRNewswire/ — Siemens today launched Siemens for Startups, a new program to empower early-stage engineering and manufacturing startups. Announced at CES 2025 in Las Vegas, the program will enable new innovative companies to accelerate innovation, streamline development processes and scale faster by providing venture-related services, while reducing the cost of access to Siemens software and hardware.

“Startups are essential to making our customers more competitive, sustainable and resilient. By collaborating with startups, Siemens helps bring breakthrough ideas to industries faster, empowering customers to address global challenges more effectively with cutting-edge technologies, tools and solutions,” said Peter Koerte, Member of the Managing Board of Siemens AG, Chief Technology Officer and Chief Strategy Officer. 

The Siemens for Startups program has three pillars:

Connect 
The new program will help onboard startup companies to the Siemens Xcelerator marketplace, thus providing access to a global go-to-market channel and the Siemens Xcelerator ecosystem.Collaborate 
As an early customer and co-developer, Siemens will collaborate with leading startups through venture clienting. This approach will give Siemens access to cutting-edge capabilities and services and provide startups with the early revenue needed for growth.Empower
Solutions from the “Siemens for Startups” program will provide startups – whether focused on product development or on software development – with packaged access to essential software tools from Siemens Xcelerator.

Partnership with AWS

As part of its ongoing strategic collaboration with AWS, Siemens will link the “Siemens for Startups” program with AWS’s Startup program to accelerate innovation, streamline development processes and enable startups to scale faster. The collaboration underscores both companies’ commitment to fostering entrepreneurship and driving digital transformation in the industrial sector.

“Collaborating with Siemens allows us to extend the capabilities of our AWS Startup program to a new generation of innovators in the engineering and manufacturing space,” said Jon Jones, Vice President and Global Head Startups at AWS. “By providing startups with advanced software, generative AI and cloud services, AWS and Siemens are enabling them to bring their ideas to life more quickly and boost entire industries with cutting-edge solutions.”

Integrating Siemens’ comprehensive suite of industrial software – including design, simulation and manufacturing solutions from the Siemens Xcelerator portfolio – into AWS’s scalable cloud infrastructure and startup program will enable startups to access the tools and resources they need to seize market opportunities. For technical and go-to-market support, qualifying startups will receive AWS credits, business development resources and access to the AWS Activate program.

Showcasing startups

At CES 2025, Siemens highlighted the following startup companies that are collaborating with Siemens’ teams and technology to scale operations.

Arkisys is building one of the first business platforms in space for new technology hosting, satellite integration, assembly and resupply. The Arkisys Port supports scalable rapid prototyping, new payload and technology testing, the assembly and integration of new free-flying space platforms and destinations for orbital transfer vehicles, and on-orbit assembly and manufacturing.Dirac, a Siemens Technology Partner, is a leader in automated manufacturing workflow software, revolutionizing American manufacturing with innovative solutions that bridge the gap between design and production. Its flagship product, BuildOS, is the first automated work instruction platform, using physics-based simulations and manufacturing best practices to automatically generate animated, interactive, 3D assembly-ready work instructions directly from CAD models. BuildOS enables companies to seamlessly transition from design to production while retaining critical tacit knowledge, aggregating and contextualizing it within the design process. As a Technology Partner working alongside Siemens, Dirac has been able to drive enormous value across the Automotive and Aerospace & Defense industries.EthonAI is developing the EthonAI Manufacturing Analytics System (MAS), a powerful software suite designed to achieve operational excellence at scale. The MAS creates a common context across disparate factory data sources, analyzes data using the latest AI techniques, and makes the results accessible through a suite of interoperating applications. The applications within the MAS are specifically tailored to improve operational KPIs such as quality, throughput, uptime, costs and sustainability. Customers using EthonAI have achieved waste reductions of over 50 percent.Haddy is revolutionizing furniture manufacturing with advanced 3D printing and robotics, producing high-quality, sustainable products at a low cost and on a commercial scale. Haddy is building a global network of local micro-factories equipped with hybrid Flexbot systems from CEAD and recycling units that shorten the supply chain and help the environment by reducing waste.Instrumental technology automates failure discovery and root cause analysis in electronics manufacturing — accelerating new product development and improving yield in production. Easy-to-use workflows enable engineers to do failure analysis 100x faster.Tended uses geospatial data and wearable technology to transform the safety of high-risk work environments. The solution provides organizations with enhanced visibility over onsite operations to quickly identify and correct unsafe actions. A high degree of accuracy helps to ensure people, plant and equipment are in the right place at the right time, helping to prevent near misses and accidents.

More information about Siemens for Startups is available at www.siemens.com/startups

This press release is available at:
https://sie.ag/2vXqqh

Follow us at www.x.com/siemens_press

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. 

In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

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Tech Mahindra Tops India and Achieves Second Place Globally in the S&P Dow Jones Sustainability Indices 2024 for TSV IT Services Segment

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PUNE, India and NEW YORK, Jan. 7, 2025 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, has announced its recognition as a global sustainability leader by S&P Dow Jones Sustainability Indices (DJSI) 2024, one of the world’s most renowned indices for ESG (Environmental, Social & Governance). DJSI has ranked Tech Mahindra as 1st in India and 2nd globally, with an impressive score of 88 and 100 percentile in the ‘TSV IT services’ segment, highlighting the organization’s unwavering commitment to advancing sustainability across its businesses globally.

The TSV IT services segment comprises three divisions: data processing and outsourced services, internet services and infrastructure, and IT consulting & other services. The announcement follows the recent results of the annual Dow Jones Sustainability Indices rebalancing and reconstitution, marking Tech Mahindra’s inclusion in the DJSI World Index and DJSI Emerging Markets for the tenth consecutive year. The DJSI World Index represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index (BMI) based on long-term economic, environmental, and social criteria.

Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra, said, “In a rapidly changing world, organizations must commit to sustainability and resilience, ensuring our actions today pave the way for a better tomorrow. Tech Mahindra is proud to celebrate its inclusion in the prestigious Dow Jones Sustainability Indices for the 10th consecutive year. This sustainability milestone is a testament to our commitment to a greener future and reflects our unwavering commitment to environmental responsibility, social impact, and ethical practices.”

Tech Mahindra’s sustainability initiatives are committed to creating a positive environmental impact and achieving ambitious targets, including Net Zero by 2035, Carbon Neutrality by 2030, and attaining 90% renewable energy sourcing by 2030. The organization also aims to become water-positive by 2030 and ensure 100% Zero Waste to Landfill certification across all owned facilities.

Through the implementation of an internal carbon pricing mechanism, Tech Mahindra drives strategic investments in renewable energy, green buildings, and energy-efficient technologies. This reinforces Tech Mahindra’s position as a global leader in sustainability, committed to creating lasting value for its stakeholders and the planet.

For more information on the Dow Jones Sustainability World Indices components, click here.

For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit https://www.techmahindra.com/

Tech Mahindra’s Social Media Channels: Facebook, X, LinkedIn and YouTube

Logo: https://mma.prnewswire.com/media/2539364/Tech_Mahindra_Logo.jpg

 

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