• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Subscribe
  • Project of the Week
  • About Us
    SEARCH
Audio

Market for Pro Speakers Expected to Reach Around $2 Billion

Sectors such as video conferencing, collaboration and advancements in IoT are spearheading demand for pro speakers.

May 2, 2019 Lisa Montgomery 2 Comments

speakers

As enterprises continue to seek out increasingly sophisticated video conferencing systems, audio quality becomes an important feature. The clearer the audio, the smoother the conversation. Throw in technological advancements such as IoT and AR, and it’s easy to see why the global pro speakers market is growing at such an impressive pace.

According to ReportLinker, the global pro speaker market is expected to reach around $2 billion, growing at a CAGR of close to 3% during 2018-2024.

The corporate sector, the report concludes, has emerged as the most significant end-user in the pro speakers market. With an increase in the competition, the corporate industry and institutions are increasingly adopting AV equipment to ease and manage the workflow at workplaces. Nowadays, the implementation of sound reinforcement equipment and video conferencing systems in the corporate sector has become a necessity. Therefore, vendors are introducing a new range of products. As such, the corporate segment occupies nearly one-third of the market, and is  expected to grow at a CAGR of nearly 3% during the forecast period.

Also, increasing business opportunities, the growing footprint of companies, and the rising integration of IoT with business workflow processes are the major driving forces for the growth of the segment. With the rise in live performances, music concerts, and festivals, and music tours, the event organizers segment has emerged as the second largest end-users.

The pro speakers market by product types can be divided into line array systems, point source systems, subwoofers, and other speaker types. Point source systems are the most popular variants, and they capture more than one-third of the pro speakers market. Line array speakers are the second most demanding variant that is generally used for the large touring production. Subwoofer speakers are low-frequency devices. They are designed to reproduce low- and sub-low frequency content and amplify bass sound waves. Theaters and multiplexes are the major users of subwoofer speakers.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our digital newsletters!

Tagged With: Conferencing, Speakers, Technology

Related Content:

  • Shure Stem Ecosystem Shure: Democratizing Conferencing Hardware With The Stem Ecosystem
  • Adwise employee working in hush pod Adwise Transforms Workplace with Hush Pods & Google…
  • InfoComm Logo InfoComm 2023 Show to Spotlight Emerging Technologies
  • Shure Microflex Advance MXA902 Shure Releases Microflex Advance MXA902 Ceiling-Mounted Solution

Free downloadable guide you may like:

  • The State of Digital Signage & Video Wall Technology

    Digital signs and video walls come in a variety of sizes, configurations and pixel pitches, but they share a common purpose: communicating information

Reader Interactions

Trackbacks

  1. CyberData's New Ceiling Speaker is InformaCast Enabled - My TechDecisions says:
    July 11, 2019 at 8:00 am

    […] Read Next: Market for Pro Speakers Expected to Reach Around $2 Billion […]

    Reply
  2. CyberData's New Ceiling Speaker is InformaCast Enabled - FA Tech : Extra Pounds Of Technology says:
    July 12, 2019 at 1:47 am

    […] Read Next: Market for Pro Speakers Expected to Reach Around $2 Billion […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the FREE Tech Decisions eNewsletter

Sign up Today!

Latest Downloads

Download TechDecisions' Blueprint Series report on Security Awareness now!
Blueprint Series: Why Your Security Awareness Program is Probably Falling Short

Learn about the evolution of phishing attacks and best practices for security awareness programs to ensure your organization is properly prepared t...

Workplace Collaboration Tools for Corporate Spaces
Workplace Collaboration Tools for Corporate Spaces

From lobbies and shared spaces to conference rooms and multipurpose facilities, you need high-performing AV technology to effectively share informa...

ChatGPT, generative AI, enterprise, workplace
Blueprint Series: ChatGPT and Generative AI in the Workplace

This latest release of the TechDecisions Blueprint Series explores the new phenomenon of tools such as ChatGPT and how IT leaders should go about d...

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!
Sharp Microsoft Collaboration HQ Logo

Learn More About the
Windows Collaboration Display

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Subscribe to the Newsletter
  • Contact Us
  • Media Solutions & Advertising
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSTERMS OF USEPRIVACY POLICY

© 2023 Emerald X, LLC. All rights reserved.