Scarlett Woodford

The wireless presentation solutions market endured a challenging 2023 as the wider AV market grapples with budget cuts stimulated by macroeconomic headwinds. While many vendors were optimistic about growth during the first half of 2024, this has failed to materialise, with new research from Futuresource Consulting showing that volume is still in decline. Shipments of hardware wireless presentation solutions (WPS) decreased by 1,000 units in H1 2024, with wireless conferencing solutions (WCF) falling by approximately 7,000 units. 

Despite recent economic challenges, next-generation, AI-enabled meeting room cameras are now entering the mainstream. With enterprises seeking equipment to meet their evolving business needs, a new report from Futuresource Consulting indicates that multicamera systems will be increasingly adopted to support the concept of meeting equity. This is driving a positive outlook for the meeting room cameras market in the second half of 2024.

The wireless presentation solutions (WPS) market endured a challenging year in 2023. As macroeconomic issues and geopolitical tensions escalated, demand from the corporate sector declined significantly. Shipments of WPS hardware decreased 2% year-on-year, while limited budgets caused purchasers to consider products from lower price categories.  

We saw the explosive rise of video conferencing (VC) during the pandemic. As many employees shifted to remote work overnight, enterprises had little choice but to invest in video conferencing tools to enable remote communication and keep the wheels turning. 

A new report from Futuresource Consulting shows that corporate AV budgets were squeezed during 2022 and into 2023, and the situation was exacerbated by chipset price hikes and supply chain disruption. Coupled with widespread redundancies across the tech sector, tough market conditions characterised the first half of 2023.