CATEGORY

Audio-Visual Solutions and Devices​

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Audio-Visual Solutions and Devices​ Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Audio-Visual Solutions and Devices​ category is 11.00%

Payment Terms

(in days)

The industry average payment terms in Audio-Visual Solutions and Devices​ category for the current quarter is 72.2 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Audio-Visual Solutions and Devices​ Suppliers


    Audio-Visual Solutions and Devices​  Supplier

    Find the right-fit audio-visual solutions and devices​ supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Omnicom Group Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    39

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    62
    Social
    30
    Governance
    47
    6 Domains Performance (/100)
    Business behaviour
    41
    Human rights
    51
    Community Environment
    18
    Corporate governance
    49
    Human resources
    17
    Security Scorecard
    81

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    56
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    92
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    89
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    omnicomgroup.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    2
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    4
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    6
    Fraud Issues
    1
    Labor Health Safety Flags
    6
    Regulatory Issues
    5
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    72
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Audio-Visual Solutions and Devices​ market report transcript


    Audio-Visual Solutions and Devices Global Market Outlook

    • The worldwide video conferencing industry is estimated to reach $22.5 billion by 2026, increasing at a CAGR 19.7 percent between 2021 and 2026. The video conferencing market is likely to expand in the future, as organizations embrace new technologies quickly, and the APAC is expected to expand at a faster rate than other regions, due to its developing economies. By 2026, the audio-conferencing services market will reach $38.5 billion, growing at a CAGR of 12.1 percent between 2021 and 2026

    • While North America is the greatest revenue market, the APAC is the largest unit shipping market, with much lower average selling prices, especially for USB cameras. The European region demonstrated the highest growth in 2020, followed by North America

    Impact of COVID-19 on Audio-Visual Solutions and Devices Industry

    • Beginning from the initial phase of the COVID-19, the impact in the AV industry was positive, due to a rapid shift of working culture directed towards remote working location. In addition, with the multitude of waves occurring, due to the mutated version of the virus, the demand of the AV industry would continue to be sustainable in the near future.

    • Rapid digital transformation has resulted in a faster innovation engine in audio and video quality, as well as information sharing modalities, among other things

    • A rising emphasis on enhancing the user experience is leading to more extensive feature sets and more incorporation of AI. In addition, concerns about background noise, video conference fatigue, meeting room safety and usage, and meeting room utilization and security are driving innovation

    Audio-Visual Solutions and Devices Market: Drivers and Constraints

    Industry Drivers

    • The Revamped Workforce: COVID-19 facilitated the shift of the whole workforce to remote working, opening the path for video conferencing solutions and hardware items

    • Office Space: The shift to a hybrid office environment and the ability to work from anywhere is providing long-term growth prospects

    • Availability of Devices: The easy access of personal audio-video communication devices and all-in-one collaboration hubs by employees across industries, such as healthcare, education, retail, manufacturing, banking and financial services, has been a key driver in the space

    • Analytics: The increasing integration of analytics and Artificial Intelligence, such as facial recognition, active noise cancellation, real-time closed captioning, proximity detection provides overriding utility that often supersedes the real-time interaction, which held dominancy during the pre-pandemic world

    Constraints

    • Privacy and Security: Organizations have significant reservations about the security and privacy of video material shared across various channels. Aside from that, corporations are also worried about copyright and Digital Rights Management (DRM) because of the possibility of abuse, as well as information leaks and data breaches. Therefore, prior to using video conferencing solutions, businesses must reorganize their plans for utilizing video conferencing services to overcome these limitations

    • Number of participants: In conferencing solutions, particularly for audio conferencing solutions, the limits on the number of people that could be engaged in a single meeting is often seen as a restraint for audio-only conferencing implementation