The global audiovisual communications market over Internet protocols is growing steadily and is expected to witness a significant CAGR over the forecast period (2024-2031). Audiovisual via Internet Protocol or is an Internet-based transmission of various audio, video and control signals. A WAN, LAN, or Internet, among other network cable infrastructure, is widely used for audiovisual over Internet protocol. It is an advanced standard network equipment that transmits and switches the audio and video signals through a network cable.
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The significant increase in the transmission of audio and video signals with the rising trends of online video streaming over the Internet is expected to drive the demand for audiovisual over Internet Protocol in the market. Rising demand for IP-based infrastructure over conventional analog AV, audio and security system further supports market growth during the forecast period. Furthermore, increasing demand for large, long-distance and more complex transmission systems with integrated technological advancement concepts and increasing implementation of smart home devices are some of the factors complementing the growth of the global Internet Protocol Audiovisual market during the forecast. period.
Key suppliers in the global audiovisual market via internet protocols include Barco NV, Audinate Group Ltd. and The Siemon Co., which have adopted massive strategies to stay competitive in the market. Product launches, mergers and acquisitions and others are some major strategies adopted by the market players. For example, in September 2019, Amazon Music announced the launch of the highest quality streaming audio services with Amazon Music HD. This strategic initiative will result in the access and streaming of more than 50 million songs in HD audio. Additionally, in September 2019, Apple announced the launch of Apple TV+, as an original video subscription service with the streamlined features of original shows, movies and documentaries across connected devices.
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Market coverage
Segment covered-
o By type
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Competitive Landscape – including Barco NV, Audinate Group Ltd. and The Siemon Co.
Key questions answered in the report
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Which segment and region dominates the market in the base year?
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What impact did COVID-19 have on the market?
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Who is the leader in the market?
How do players deal with challenges to support growth?
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Global Audiovisual over Internet Protocol Market Report Segmentation
By type
Hardware
Software
By application
Commercial
Education
Government
Hospitality
Others
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