One of the figures released by InfoComm as part of its global market study (see news) highlights the fact that the real money is a-v is now being made from service provision, rather than product sales.
In North America, the most mature world a-v market, 51 per cent of 2009 revenues came from services such as systems design and installation, maintenance and rental/staging, says the InfoComm report. Globally, services are now 38 per cent of the market and non-product revenues make up 35 per cent of European sales. Services lag behind, at just 21 per cent of revenues, in the still-developing AsiaPac market - although they are significantly higher in the most developed regional a-v nation, Japan.
The InfoComm figures appear not to take account of video and event production revenues, so the true size of the global a-v services market could be much higher than the 20bn Euros quoted by InfoComm.
That shouldn't really be so surprising, although it made a lot of display manufacturers sit up and take notice. After all, b2b a-v communications is really only in business to serve the needs of its clients.
Nonetheless, the InfoComm figure is refreshing. If it reminds a-v suppliers that they are in a service business then it will also be useful.