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Pro AV Market to Grow by USD 180.6 Million (2025-2029), Increased Digital Signage Usage Drives Growth, AI-Driven Market Transformation – Technavio

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NEW YORK, Jan. 3, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global pro AV market size is estimated to grow by USD 180.6 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.4% during the forecast period. Increased use of digital signage is driving market growth, with a trend towards training for pro av equipment. However, increased emphasis on one-on-one learning poses a challenge. Key market players include Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Pro AV Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.4%

Market growth 2025-2029

USD 180.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

US, China, UK, Canada, Japan, India, South Korea, Germany, France, and Italy

Key companies profiled

Applied Electronics Ltd., Arista Networks Inc., Audinate Group Ltd., AVI SPL LLC, AVI Systems, CCS Presentation Systems, Diversified, Ford Audio Video LLC, Godrej and Boyce Manufacturing Co. Ltd., ITOCHU Corp., LG Corp., New Era Technology, Pro AV Solutions Pty Ltd., Samsung Electronics Co. Ltd., Semtech Corp., Solutionz Inc., Synergy Measurement Technologies Pvt. Ltd., Vistacom Inc., and WESCO International Inc.

Market Driver

Pro Av Market: Trends Shaping the Future of Audio-Visual Technologies The Pro Av market is experiencing significant growth, driven by trends that prioritize immersive experiences for audiences in various sectors. Professional-grade equipment, including projectors, sound systems, video conferencing solutions, control systems, and interactive displays, are increasingly being adopted for conferences, concerts, corporate events, and even retail stores. AR applications, VR simulations, and UCC Solutions are revolutionizing customer engagement and employee training. The education sector is embracing classrooms, remote learning, and simulation training. Small businesses and global enterprises alike are investing in Pro Av solutions to enhance security, networked devices, and real-time dashboards. The corporate, entertainment, and government sectors are leveraging 4K and 8K video technologies, audio systems, and wireless technology for their venues and events. AI integration, IoT sensors, and display technologies like OLED and LED video walls are transforming public spaces, transportation hubs, and office spaces. Remote working, e-learning practices, and hybrid workspaces are driving demand for high-definition audio-visual technologies. Direct sales, distributors, and e-commerce platforms cater to home use and commercial applications. The Pro Av market encompasses Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and more. Security risks, such as data breaches, malware, and unauthorized access, necessitate AV systems design by integration firms and program management. The market serves various industries, including education, government, hospitality, consulting, and B2B/B2C sectors. 

Pro AV equipment vendors, including Seiko Epson, provide training programs for users to enhance their expertise in the latest AV technology. Epson’s Pro AV Academy is an example, catering to engineers, operators, and sales personnel. This initiative aims to equip AV professionals with comprehensive knowledge of Epson’s AV solutions and their application across various sectors such as events and retail, education, and business. The academy offers training in arranging, maintaining, operating, and marketing these technologies within the pro AV rental sector. 

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Market Challenges

Pro Av Market: Overcoming Challenges in Audiences, Experiences, and Technology The Pro Av market faces various challenges in delivering engaging experiences with professional-grade equipment for diverse sectors. These sectors include conferences, concerts, corporate events, education, telemedicine, retail stores, and more. Immersive experiences require advanced AV solutions like projectors, sound systems, video conferencing solutions, control systems, and interactive displays. Integrating AR applications, VR simulations, UCC Solutions, IoT sensors, AI, and 4K/8K video technologies pose complexities. Small businesses face security risks from networked devices, data breaches, malware, and unauthorized access. AV systems design, integration, and program management require expertise. Real-time dashboards, wireless technology, and IoT integration add to the complexity. The corporate, entertainment, government, and education sectors demand high-definition video and audio technologies, interactive whiteboards, high-definition projectors, and direct sales or distribution channels. Home use, commercial, and B2B/B2C markets also require tailored solutions. Professional Video, Professional Audio, Video Displays, Capture and Production, Video Projection, Microphones, Pro Speakers, Sound Mixers, Signal Processors, Power Amplifiers, and Corp Venues and Events all contribute to the Pro Av market’s growth. Challenges include supply chain management, social media, online streaming platforms, digital marketing, and hybrid workspaces. In conclusion, the Pro Av market must address these challenges to provide experiences, professional-grade equipment, and customized solutions for various sectors while ensuring security and integration of advanced technologies like AI, IoT, and 4K/8K video technologies.The shift towards one-on-one learning and homeschooling will affect the demand for document cameras in the education sector. One-on-one learning is a teaching technique that provides individual attention to students, enabling them to learn effectively at their own pace. With the increasing use of laptops and tablets for this methodology, the need for document cameras may decrease. This trend is expected to continue during the forecast period, potentially reducing the market size for document cameras in education.

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Segment Overview

This pro av market report extensively covers market segmentation by 

Type 1.1 Products1.2 ServicesIndustry Application2.1 Entertainment2.2 Hospitality2.3 Retail2.4 Corporate2.5 TransportationGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Products- The Pro AV market is driven by the growth of the display sector, specifically digital signage. Digital signage utilizes wide, bright digital screens, such as LCD or plasma displays, for delivering videos, web content, images, and texts in various public and private environments. This technology is popular in retail, corporate settings, medical facilities, schools, libraries, transportation hubs, and the hospitality industry for information-sharing, advertising, and marketing purposes. Display control is primarily managed by PCs and servers using proprietary and public-domain software. The display sector continues to dominate the Pro AV market due to its advantages, including frequent updates, effective communication, power efficiency, and eco-friendliness. The global Pro AV market by projectors is also expected to grow, driven by their increasing use in education, corporate, hospitality, healthcare, and government sectors for video displays and presentations. Sound reinforcement systems, which enhance the loudness of pre-recorded or live music, will witness growth due to the rising number of live events and concerts. However, the conferencing segment may experience slow growth due to the shift towards software-driven, cost-effective solutions and the increasing popularity of virtual conferences. The “Others” segment, including room management, control systems, and IP distribution, is expected to decline due to the growing demand for displays and sound reinforcement systems.

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Research Analysis

The Pro Av market caters to the education industry, providing audiences with experiences through professional-grade equipment. This includes projectors delivering crystal-clear 4K and 8K video technologies, and sound systems with audio systems and wireless technology for larger venues like concert halls and corporate events. Video conferencing solutions enable seamless communication, while capture and production equipment allows for high-quality content creation. Professional Video and Professional Audio equipment are essential for various sectors, including government and public spaces, where large-scale video displays and powerful sound systems create impact. E-learning practices also benefit from these technologies, enhancing the learning experience. IoT integration and signal processors ensure efficient and effective use of equipment, while power amplifiers and microphones deliver clear, powerful sound. Pro Speakers and sound mixers provide customizable audio experiences for various applications. The market continues to evolve, with innovations in video projection, capture and production, and audio systems driving growth.

Market Research Overview

The Pro Av Market encompasses a wide range of audio-visual (AV) technologies designed for audiences seeking experiences. These solutions include professional-grade equipment such as projectors, sound systems, video conferencing solutions, control systems, and more. The market caters to various sectors, including corporate events, concerts, education, retail stores, and government offices. Technologies like AR applications, VR simulations, UCC Solutions, and IoT sensors are increasingly popular. AI integration is also a key trend, enhancing customer engagement, employee training, and security. AV systems design is crucial, with integration firms providing program management and real-time dashboard solutions. The market serves diverse industries, including the corporate, entertainment, and government sectors, as well as public spaces, remote working environments, and educational institutions. Technologies like 4K and 8K video, audio systems, and wireless technology are driving innovation. Key applications include video displays, capture and production, video projection, microphones, pro speakers, sound mixers, signal processors, and power amplifiers. The market caters to various sectors, including B2B and B2C, offline and online, and commercial and home use. Security risks, such as data breaches, malware, and unauthorized access, are significant concerns, necessitating security measures. The market also offers solutions for small businesses and e-learning practices. AV technologies continue to evolve, with advancements in display technologies, such as OLED displays and LED video walls, and audio technologies, like sound systems and high-definition audio processing. Interactive whiteboards and high-definition projectors are also popular. The market serves various industries, including transportation, hospitality, consulting, e-commerce, and more. Social media and online streaming platforms are increasingly utilizing AV technologies for digital marketing and hybrid workspaces. The market also caters to exhibits, collaborative classrooms, retail spaces, transportation hubs, office spaces, and OEM and electronics stores. Global enterprises, live performances, commercial real estate, music markets, supply chain management, and government offices are among the key sectors benefiting from AV technologies. The market continues to innovate, with advancements in AI integration and IoT integration driving growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeProductsServicesIndustry ApplicationEntertainmentHospitalityRetailCorporateTransportationGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Robinson Nuclear Plant receives approval from U.S. Nuclear Regulatory Commission to continue operating until 2050

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License extension supports growing energy demand, helps keep customer costs as low as possibleExtended operation provides significant economic benefits for Pee Dee region

Editor’s note: Visit the Duke Energy News Center for downloadable B-roll and high-resolution images of Robinson Nuclear Plant.

CHARLOTTE, N.C., April 23, 2026 /PRNewswire/ — The U.S. Nuclear Regulatory Commission (NRC) has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, extending the plant’s ability to deliver reliable energy until 2050.

Robinson, located in Hartsville, S.C., provides enough energy to power 570,000 homes and plays an important role in protecting reliability and affordability for customers as regional electricity demand continues to grow.

What they’re saying

South Carolina Gov. Henry McMaster: “South Carolina’s energy needs continue to rise, and extending Robinson Nuclear Plant’s operating license preserves a reliable, affordable source of nuclear energy our state depends on. This plant ensures we have the power needed to support jobs and strengthen communities across the Pee Dee region.”Congressman Russell Fry (SC-07): “For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s nuclear fleet. The extension of its license is monumental for the Pee Dee and allows Duke Energy to continue providing affordable, reliable electricity to homes and businesses in the region. This renewal is a win for families in the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County as a whole.”Steven Capps, chief nuclear officer for Duke Energy: “Extending the operating life of this proven asset helps us deliver low-cost, always-on electricity for customers while supporting jobs and energy security for the region. Robinson’s subsequent license renewal reflects the strength of our safety culture and the rigorous work our teams do every day to support our communities.”

Why it matters

Duke Energy’s nuclear fleet provides about 51% of customers’ energy needs in the Carolinas, making nuclear energy an essential component of the company’s diverse generation portfolio.License renewal extends the use of cost-effective generation, resulting in significant savings for customers over time.Extended operation sustains significant economic benefits for Darlington County and the broader Pee Dee region.

Robinson by the numbers

Delivers 759 megawatts (MW) of electricity, powering nearly 570,000 homes.Nearly 500 high-paying jobs supported.$1.7 billion in equipment upgrades completed.Approximately $28 million in annual local tax contributions.

Go deeper

U.S. nuclear facilities are licensed by the NRC. The process to renew a license requires a comprehensive analysis and evaluation to ensure the plant can safely be operated for the period of extended operation.Robinson’s original 40-year operating license was granted by the NRC in 1970, making it one of the first commercial nuclear power plants in the Southeast. Robinson’s initial license was renewed for an additional 20 years of operation until 2030, and the subsequent license renewal allows for continued operations until 2050.Robinson is the second Duke Energy nuclear facility to receive approval for subsequent license renewal, following Oconee Nuclear Station in 2025. Duke Energy plans to seek subsequent license renewal for all 11 operating units across its nuclear fleet.For more background and updates on the subsequent license renewal process, visit Duke Energy’s subsequent license renewal webpage.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Mikayla Kreuzberger
24-Hour: 800.559.3853

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SOURCE Duke Energy

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Cin7 Appoints Sheldon Cummings as Chief Executive Officer

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Seasoned SMB technology leader joins to drive AI-powered growth for inventory and commerce platform

DENVER, April 23, 2026 /PRNewswire-PRWeb/ — Cin7, a leading inventory management and connected commerce platform for small and mid-sized businesses (SMBs), today announced the appointment of Sheldon Cummings as Chief Executive Officer, effective April 20th. Sheldon succeeds Ajoy Krishnamoorthy, who is stepping down after leading the company through a significant period of product investment, global expansion, and customer growth.

I’m thrilled to be joining Cin7 at such a defining moment for both the company and the future of commerce.

“Leading Cin7 over these past few years has been one of the most rewarding experiences of my career,” said Ajoy. “I am proud of the work that we’ve done to improve the product, unite our global team, and deepen our connection with our customers. I’m confident that Sheldon is the right leader for Cin7’s next phase and I look forward to watching this team take the business to the next level.”

Sheldon brings more than 25 years of experience scaling technology businesses that serve small and mid-sized businesses. He most recently served as President and General Manager of the Corporate Business Unit at Smarsh. Prior to Smarsh, he served as Chief Operating Officer of Mailchimp, leading revenue, strategy, and operations across one of the world’s most widely used SaaS platforms for small businesses. He has also held senior leadership roles at Intuit, including Vice President of Sales, where he contributed to scaling go-to-market engines for SMB and Mid-Market focused products.

Sheldon joins Cin7 at a pivotal moment as AI reshapes how businesses manage inventory, fulfill orders, and connect their commerce operations. Already deeply invested in AI, Cin7 is positioned to lead the transformation by delivering smarter, faster, and more connected capabilities to its customers around the world.

“I am thrilled to be joining Cin7 at such a defining moment,” said Sheldon Cummings. “Cin7 has built something genuinely valuable. It has real product depth, a passionate global team, and a large market still full of opportunity. There is a compelling opportunity to become the intelligent commerce platform for SMB and Mid-Market product sellers across the globe. To be the one that harnesses the power of AI to help businesses operate better and grow faster. I am excited to partner with this team to chase that opportunity and to continue delivering the innovation our customers deserve.”

Cin7 serves thousands of businesses worldwide, helping them manage inventory, streamline operations, and connect their sales channels through a single, powerful platform. With teams in the United States, United Kingdom, New Zealand, Australia, Sri Lanka, the United Arab Emirates, India, and the Czech Republic, Cin7 operates as a truly global business with a local commitment to every market it serves.

About Cin7

Cin7 is the leading inventory management and connected commerce platform for small and mid-sized product businesses. Cin7 helps growing brands manage inventory, automate workflows, and connect their sales channels, from e-commerce to wholesale to retail, in one powerful, easy-to-use platform. With over 8,500+ customers in over 100 countries processing over 125 million orders annually, Cin7 is a global business on a mission to make commerce simpler, smarter, and more connected for product sellers everywhere. For more information, visit www.cin7.com.

Media Contact

Karla Fleege, Cin7, 1 509-413-0025, pr@cin7.com, www.cin7.com

View original content:https://www.prweb.com/releases/cin7-appoints-sheldon-cummings-as-chief-executive-officer-302752187.html

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ShareRing, TKC and Transformational Launch Thailand’s First National Trust Infrastructure for Verifiable Credentials, with Production Rollout Starting June 2026

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A three-party alliance between ShareRing, publicly listed digital infrastructure provider TKC, and Thailand digital transformation firm Transformational will deliver the country’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, anchored on ShareRing’s Privacy KYC technology.

BANGKOK, April 23, 2026 /PRNewswire-PRWeb/ — Turnkey Communication Services PCL (TKC), in partnership with Transformational and ShareRing, today announced a strategic alliance to launch Thailand’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, bridging the trust gap between government and private sector transactions.

We are building the trust layer that the whole country runs on.

“This partnership is about establishing a ‘National Trust Infrastructure,’ which is a critical national policy direction,” said Mr. Sayam Tiewtranon, CEO of TKC. “TKC’s role is to merge our existing infrastructure with global technology standards to drive widespread adoption in alignment with MDES and ETDA. We aim to reduce costs and increase transparency without burdening existing systems, while ensuring future international connectivity.”

Thailand’s Digital Paradox: Connectivity vs. Physical Friction

Despite a 95 percent internet penetration rate, the transactions that matter most, proving where you live, verifying a professional qualification, or applying for a loan, still require a physical visit and photocopies. “In 2026, citizens are still taking half-days off work to manage paperwork at service counters that close at 3 PM,” said Khun Ariya Banomyong, CEO of Transformational, and former Country Head of Google Thailand and Managing Director of LINE Thailand. “What Thailand lacks is a shared infrastructure layer connecting verified documents to real transactions.”

The High Cost of Unverifiable Documents

Reliance on paper documents leaves citizens and businesses vulnerable. “Paper documents are the ‘weakest link’ in the trust chain; easy to forge and impossible to verify,” Mr. Ariya added. “Once data is on paper, you lose control. For businesses, scanned affidavits prove nothing without independent verification, exposing them to massive risks, from unauthorized directorship changes to fraudulent contracts. Nationally, the cost is measured in hundreds of billions of baht in untraceable educational loan portfolios and public services.”

The Solution: Digital Document Wallet plus Verifiable Credential

The alliance introduces a Digital Document Wallet infrastructure, acting as a “Digital Twin” for critical documentation. Powered by ShareRing’s blockchain technology, already deployed in multiple international markets, the platform supports a wide array of Verifiable Credentials. It is designed to accommodate professional licences, employment certifications, company affidavits, academic transcripts and other identity documents as they transition into the ecosystem.

A Three-Party Architecture

The alliance is designed around three complementary roles. TKC provides the national infrastructure footprint and institutional reach into Thai state-owned enterprises. Transformational leads enterprise and government delivery, translating national policy direction into operational rollout. ShareRing contributes the production Privacy KYC technology stack, already live in multiple international markets. ShareRing also holds a strategic equity stake in Transformational, aligning commercial incentives across delivery and technology beyond a standard vendor relationship.

What Institutions Actually Buy: Sovereign Issuance

The commercial offering at the core of the alliance is what ShareRing calls Sovereign Issuance. A government agency, university, regulator or large enterprise issues its own verifiable digital documents, from its own infrastructure, under its own seal. The end user holds the document on a personal device, gives explicit consent before anything is shared, and reveals only what the verifier requires through Zero-Knowledge Proofs. Verification happens in real time, cryptographically, without the verifier ever needing to contact the issuer. Trust stays with the real authority, the issuer, rather than with a centralised intermediary.

Compliant with Global Security Standards (Private and Secure by Design)

The platform is built on privacy-first global standards, with User Consent at its core. It is W3C Verifiable Credential compliant, DIATF certified and ISO 27001:2022 accredited, and aligned with GDPR, Thailand’s PDPA and the Australian Privacy Act. Implementation is being tracked against the emerging OpenID for Verifiable Credentials (OID4VC) interoperability layer being shaped by ETDA.

“By utilizing Zero-Knowledge Proof (ZKP) and Self-Sovereign Identity (SSI), we ensure users verify information without exposing sensitive data,” said Mr. Tim Bos, Co-Founder and Co-CEO of ShareRing. “No information is accessed without explicit user consent, ensuring only the owner holds the access keys to their digital identity.”

From Policy to Implementation

The alliance focuses on providing enterprise-ready solutions to bridge the gap between policy and execution:

Seamless connectivity via SDKs and APIs for immediate integration into existing legacy systems.Sovereign issuance infrastructure enabling organisations to securely issue their own verifiable digital documents.Real-time verification to eliminate manual delays and fraudulent documentation risks.

“We are building the trust layer that the whole country runs on,” said Mr. Rohan Le Page, Founder and Co-CEO of ShareRing. “By deploying W3C-compliant and ISO-accredited technology, we are providing Thailand with an infrastructure built for global interoperability and international business expansion.”

Implementation Roadmap

“We are already in execution,” said Mr. Piya Jirapapongsa, Deputy Managing Director (Operations) at TKC. “Our first deployment goes live with a major state-owned enterprise in June 2026, followed by digital credential issuance for a network of Thai universities in August 2026, with active discussions underway across financial services, hospitality, and public administration.”

A Blueprint for the Region

Thailand is the first national-scale deployment of the alliance’s model. The partners intend the same architecture, a national infrastructure anchor, a locally credible delivery partner, and a W3C compliant identity and credential stack, to serve as a template for broader South East Asian rollout, with regional conversations already active.

For further project enquiries, please contact Mr. Ekkapol Promratanapong, Digital Product Director, TKC, who leads this initiative.

About Turnkey Communication Services PCL (TKC)

TKC is Thailand’s full-service digital infrastructure provider, covering telecommunications, cybersecurity, and digital solutions for government and large enterprises. Led by CEO Sayam Tiewtranon, the company focuses on building infrastructure that is resilient, secure, and compatible with international standards, supporting the country’s transition to a digital economy.

About Transformational Co., Ltd.

Digital transformation consultancy, working with corporate clients and state-owned enterprises, specialising in digital document trust infrastructure and verifiable credential solutions. Led by CEO Ariya Banomyong.

About ShareRing

ShareRing is a Privacy KYC and Verifiable Credential platform operating across multiple international markets. W3C Verifiable Credential compliant, DIATF certified, and ISO 27001:2022 accredited, ShareRing’s infrastructure is built for institutional scale. The company operates ShareLedger, a Cosmos-based Layer 1 calibrated for identity workloads, and ships the ShareRing Me consumer wallet and ShareRing Link enterprise SDK. ShareRing holds a strategic equity stake in Transformational Co., Ltd.

Media Contact

Rohan Le Page, ShareRing, 61 438094075, marketing@sharering.network, https://www.sharering.network

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