The State of the AV Industry: What to Expect at the InfoComm 21 Technology Innovation Stage
What is the state of the AV industry? Following a global shutdown that has left different economies in varied states of openness, an accurate understanding of the state of the AV industry requires in-depth data and analysis. With the 2021 Industry Outlook and Trends Analysis (IOTA), AVIXA's market intelligence team can provide some guidance. Our experts have closely followed the impacts the pandemic has had on technology needs and spending, resulting in a comprehensive update to our annual forecasts.
Fortunately, our forecast for new revenue over a five-year outlook is positive! The new IOTA forecasts revenue will reach $232 billion in 2021 and grow to $329 billion in 2026, representing a 7.2% compound annual growth rate (CAGR).
While the worldwide lockdown's effect on AV was more detrimental than anticipated, the industry has adjusted as conditions have improved. Sean Wargo, Senior Director of Market Intelligence for AVIXA shares, “The good news is we are now seeing meaningful recovery, and so strong growth dominates our revised estimates going forward."
Our research gives AVIXA members industry leverage by providing insight on product trends, solution categories and vertical markets. This year's all new Technology Innovation Stage is our opportunity to bring that research directly to you. You can hear Sean and AVIXA's Economic Analyst Peter Hansen present an in-person forecast from the IOTA report at the InfoComm Technology Innovation Stage within the exhibit hall.
The State of the AV Industry
Wednesday, October 27 @ 9:30 AM
Technology Innovation Stage, Booth #1961 at InfoComm
You can read a summary of the 2021 IOTA positive outlook here. For a more in-depth analysis of AV product trends, solution categories, and vertical markets, explore AVIXA's full IOTA report here. What insights from 2021 IOTA do you want to hear the AVIXA team discuss on the Technology Innovation Stage? If you have a question about the IOTA report for our team, we invite you to submit it in advance and we may answer your question on stage in Orlando.
Technology Innovation Stage presentations are FREE to attend. Register for InfoComm 2021 today.