July 18, 2024
KVM and PRO AV Market

The KVM And PRO AV Market Is Propelled By Increasing Adoption In Healthcare Sector

KVM and PRO AV market comprises computer and audio/video technologies that enable transmission of multimedia contents. These systems allow sharing of inputs and outputs among multiple computers and playback devices. They facilitate collaboration in business conferences, medical procedures and studios by allowing distributed control of equipment from various locations.

The global KVM and PRO AV Market is estimated to be valued at US$ 349297.78 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing adoption of KVM and PRO AV solutions in the healthcare sector is mainly driving the market growth. The solutions enable remote collaboration among medical professionals by simultaneously streaming audio, video and other vital patient data. They help physicians consult with each other in critical situations from different locations without physically seeing the patient. This has been especially beneficial during the COVID-19 pandemic where social distancing is emphasized. The trend is expected to continue as more healthcare facilities integrate these technologies to provide better treatment outcomes.

SWOT Analysis
Strength: KVM and PRO AV has a wide range of applications across diverse industries including corporate offices, broadcast industries, medical sectors and control rooms. It provides seamless integration and centralized management of devices and systems.
Weakness: KVM and PRO AV solutions require significant upfront investments and have high maintenance cost over the product life cycle. Changes in technology and user requirements also prompt need for frequent upgrades.
Opportunity: Growth of digital signage, video walls and commercial AV installation projects across various industry verticals present major opportunity. Increasing proliferation of cloud computing also allows for centralized management of AV infrastructure.
Threats: Presence of open-source and low-cost alternatives poses pricing pressure. Integration challenges with legacy devices also act as a deterrent for wider adoption.

Key Takeaways
The  Global KVM And PRO AV Market Growth is expected to witness high growth.

Regional analysis comprises the North American region currently dominates the market owing to early technology adoption. The Asia Pacific region is expected to grow at fastest pace with proliferation of AV infrastructure projects across India, China and Southeast Asian countries.

Key players operating in the KVM and PRO AV are Advanced Cell Technology, Inc., Angel Biotechnology Holdings PLC, Biotricity, Lineage Cell Therapeutics, Inc., BrainStorm Cell Limited., CIRM, Celgene Corporation (A subsidiary of Bristol-Myers Squibb Company), Takara Bio Inc., Cellular Engineering Technologies., Cytori Therapeutics Inc., and STEMCELL Technologies. KVM switches allow centralized management of servers, workstations, networking equipment’s, storages and other peripherals from a single console and monitor-keyboard-mouse. This helps reduce cost and maximize efficiency for IT departments and data centers.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it