May 2023 www.avnewsonline.com
The direct channel to the industry Outdoor digital signage: a great opportunity?
Improving the meeting culture and experience
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A great opportunity? “Yes, true, but its already changing” says Stephanie Howorka, Senior Sales and Marketing Specialist at the Sharp/NEC LED Solutions Center.
The meeting culture post pandemic is complex and far from homogenous.
Direct-View LED the Next Big Thing?
The rise of the Boomerang Employee
PMA Research (PMA), the worldwide market information experts on large displays, has been following Direct-View LED (dvLED) sales through U.S. Distribution and Pro AV channels since 2019. Pre-pandemic sales were skyrocketing, and sales have continued to show positive growth for the past three years. Results shown through data collected from PMA’s monthly Distributor and Pro AV Tracking Service saw exponential growth in revenues for dvLED prior to the pandemic. 2019 saw revenues
Some 71% of professionals are open to returning to their preCovid employers. Of these, 71% are considering returning to their pre-Covid employers after realising the ‘grass wasn’t greener’ . A quarter admit to having already reached out to previous employer, while 49% admit their original reasons for leaving – purpose, pay & flex – are no longer relevant. However, 48% claim that current employer no longer meets their needs in current climate! Why? A quarter say tht the costof-living crisis has changed how they feel about current employer, even though 82% remain in touch with previous employer
grow to more than five times 2018 sales levels. Even through the pandemic, growth continued with revenues in 2020, 2021 and 2022 increasing by 13%, 45% and 39% respectively. Sales of dvLED have slowed down in the first quarter of 2023, but PMA feels this business remains vibrant, and there are plenty of bids in progress. Parts and labour shortages continue to delay large custom AV installations tied to renovation and construction projects. But these video walls are finding
their way to corporate lobby installations, higher education lobby and wayfinding displays, and entertainment venues, all which will fuel growth for this category. As manufacturers and distributors continue to fine-tune bundled dvLED packages for “less-custom” use, the category will only continue to grow. In addition, a number of manufacturers have introduced all-in-one products which can be easily transported and used for any number of applications in a wide variety of settings.
– with third saying it is to keep ‘door open’. But a word of warning, 44% of managers hesitant to hire previous employee. Almost three quarters of professionals (71%) have stated that they are open to returning to their pre-Covid employer – with half admitting that the reasons as to why they left are no longer applicable in today’s market. These figures are from a recent poll from recruiter Robert Walters (of 3,000 professionals). They found that 45% of workers who had left their job after lockdown did so for better pay with a further 35% leaving for a better workplace culture or more purpose/fulfilment in their role.
Fast-forward two years later, and 48% of professionals admit that their current employer is no longer meeting their needs – with a third stating the cost-of-living crisis and hybrid-working fatigue (24%) has changed how they feel about their most recent employment situation. Toby Fowlston, CEO of Robert Walters, commented: “The post-pandemic bounce back saw record numbers of employees leave their job in what was billed as ‘The Great Resignation.’ However, our research indicates the first signs of ‘The Great Regret’ - with 71% of professionals continued on page 2
Bose Professional Division sold to Transom Capital Group
2019 saw revenues grow to more than five times 2018 sales levels. Even through the pandemic, growth continued with revenues in 2020, 2021 and 2022 increasing by 13%, 45% and 39% respectively.
Bose Corporation, a US-based multinational company and global leader in audio systems, has announced the sale of the Bose Professional Division to Transom Capital Group (“Transom”), a leading operations-focused middle market private equity firm. With this deal, Transom will assume ownership of the Bose Professional commercial installation and conferencing businesses. Bose will retain its portable PA systems as part of its core consumer product
business. For more than 50 years, Bose Professional has developed audio systems that are easy to design, install and operate for performance, commercial and conferencing applications, and has worked with AV integrators, system designers, installers and consultants to deliver these unforgettable audio experiences. Its systems can be heard worldwide – in workplaces, houses of worship, universities, restaurants, retail stores, hotels, per-
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