Missed out on what the Futuresource team has been up to recently? This latest Source newsletter will bring you up to speed with all of our latest insights, along with virtual events that may be of interest to you. From the world of consumer electronics and education technology through to world of Pro AV, find out the latest below.
Ola Sars Joins Audio Collaborative 2021
Ola Sars is the Founder, CEO & Chairman of Soundtrack Your Brand, the world's fastest growing music-platform for B2B. Before Soundtrack, Ola co-founded Spotify Businesses together with Spotify, a stand-alone effort to expand Spotify's reach into B2B-streaming. In 2018, he pivoted Spotify Business into Soundtrack as a fully independent brand and business. We're delighted to have him participate at Audio Collaborative this year!
Consumer Love Affair with VA Devices Continues
In our latest Insights article, Principal Analyst Simon Forrest states, "although the pandemic did weaken the market for virtual assistants, its impact was short-lived. We didn't see the bleak picture that was initially painted by many in the industry. Compared to the 24% unit growth in 2019, last year's 15% increase is an isolated slowdown, and one that underlines the consumer's continued love affair with virtual assistant-enabled devices.
A Paradigm Shift in the Photo Output Sector
The recent sale of The Photobox Group's UK printing facility in London to The Precision Proco Group follows the floating of Moonpig/Greetz in January 2021, both of which have reduced the count of The Photobox Group's printing facilities. At a time when newer, app-based resellers continue to grow in the Photo Output markets in Western Europe, this begs the question: "Are we seeing a paradigm shift in the Photo Output sector?"
How Lockdown has Caused Headphone Sales to Soar
Analyst Rasika D'Souza recently contributed to ERT Magazine's latest issue to discuss the recent headphones market boom. With our research indicating that nearly one third of consumers spent more than they usually would on headphones pre-pandemic, is this upward curve in headphones purchases expected to continue?
In-Car Entertainment Focus in line with Electric Future
"The connectivity trend, combined with developments in audio technology, is presenting significant opportunities for advanced in-car entertainment solutions," says Alexandre Jornod, Senior Market Analyst at Futuresource Consulting. "Consumer demand for constant connectivity is shaping carmakers' strategies, and as the market shifts to a connected, autonomous, shared and electric future, car OEMs have to adapt."
Opportunities for ERP Vendors in K-12 School Districts
EdTech purchase planning in K-12 schools across the USA is likely to deliver a raft of opportunities for technology vendors. Almost all curriculum leads are expecting to buy student-facing software applications, whilst the majority of districts who aren't using Enterprise Resource Planning (ERP) are planning to in the next few years.
Futuresource's James Kirby in 2021 Pro AV Watchlist
We're delighted to announce that our very own James Kirby has been mentioned in this year's well-renowned Pro AV 2021 Watchlist, as featured by Installation Magazine. We're incredibly proud that James has been selected along with many other key industry influencers. You can view the full published list here for more information.
LED Industry Galvanised for Growth After Difficult Year
The worldwide LED industry took a big hit last year in the wake of the pandemic and the subsequent stay-at-home measures, achieving sales of $5.6 billion, a drop of $750 million. Yet, despite double-digit growth receding into double-digit decline, a new report from Futuresource Consulting reveals a strong market rebound and accelerated pace of LED adoption.
NPP LED Holds Strong Despite Challenges for Video Wall Market
"It's clear that this market has been feeling the squeeze," says Senior Market Analyst Matthew Rubin. "Demand fell away and installation opportunities evaporated last year, as consumer behaviour and corporate interactions were both recalibrated in the wake of COVID-19. However, the fallout from last year has underlined the fact that NPP LED is in its ascendancy."
Professional Microphone Market is Back on Track
James Kirby comments, "once large gatherings and live audiences return to full force, the performance-focused verticals will begin recovering from last year's adversity...although component shortages and supply-chain issues will limit potential in some areas, over the coming years, demand for professional microphones will reach new heights. Latent demand and material growth in the end-user base will be key to long-term growth".
Latest Vacancies Available at Futuresource
Take the opportunity to challenge yourself and learn new skills as part of the growing Futuresource team. Interested? View the full range of vacancies we currently have available and submit your CV today.
About Futuresource
Futuresource Consulting provide a range of specialist intelligence reports and ongoing personal debriefs to support with business decision-making. We pride ourselves on delivering fact-based insights and market forecasts on a global scale - advising on strategic positioning, identifying key trends, analysing competitors, and underpinning major technological developments.
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