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Global AV Market Takes $20 Billion Hit Due to COVID-19, Expected to Recover by 2022 -- AVIXA and Omdia

The global pro AV industry took a $20 billion hit thanks to the Covid-19 pandemic but will grow $56 billion from its 2019 peak by 2025, according to the latest research from AVIXA and Omdia. In its 2020 AV Industry Outlook and Trends Analysis (IOTA), industry association AVIXA in conjunction with Omdia, said the global market would not return to its 2019 peak of $259 billion until 2022.

Most PopularStaff ReportsJuly 21, 2020AV, SMSD, streaming media, video streaming, storage, COVID-19