InfoComm world market survey in 200 words
At ISE InfoComm unveiled its latest global Pro-AV market overview research. We’ve finally had a chance to read through the 281 page monster, so here are a few initial thoughts.
Firstly, the good news is that the report is very optimistic. Globally, the market is expected to grow some 9% between 2009 and 2012. This growth rate is reflected in the European region, whilst the biggest growers will be the Middle East / Africa and South America at 13% in the same period.
Another interesting titbit is that the global growth in services is now out-weighing that of products, reflecting the maturation of the market. It’s no longer good enough to shift boxes, installation, service and support are where the best growth is to be found. Good news for installers: the European region is expected to demonstrate a CAGR of 11% between 2009 and 2012 in the installation and integration sector, which accounts for over half the region’s business.
The full report, or regional section of it, are available from InfoComm.