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In a world undergoing major disruptions due to geopolitical and economic challenges, Asia shines as a bright spot within the global economy. The Gross Domestic Product (GDP) in Asia is currently worth US$41,78 trillion, accounting for 35% of the world’s GDP. By 2040, Asia’s GDP is expected to rise to around 42% of the world’s GDP, underpinned by the economic expansion of ASEAN, Mainland China and India.
The International Monetary Fund (IMF) predicts Asia Pacific’s gross domestic product to expand 4.6% in 2023, after growing 3.8% in 2022. Strong domestic demand is on the cards; and in the coming year, businesses will continue to drive ahead with digital platforms to create value and build resilience. Asia is committed to a strong recovery path and gathering momentum to promote greater trade and investment in the region.
The global Pro AV revenue is expected to rise from $307 billion in 2023 to $402 billion in 2028 (5.6% CAGR 2023 – 2028), and Asia will maintain is position as the largest and fastest growing region for Pro AV growth with CAGR of 6.6% from 2022 to 2027.
At InfoComm Asia – dedicated to the fastest-growing Professional AudioVisual (Pro AV) market in the region – we bring together transformative tech solutions, visionary business end-users and AudioVisual (AV) channel market, and facilitate meaningful engagements and collaborations over three show days.
InfoComm Asia isn’t just an exhibition, it’s a springboard to a future of limitless opportunities and growth in Asia. Join us at InfoComm Asia and ignite your brand’s growth in the thriving Asia Pacific market.
Tech Dialogue: 5G, Data and IoT – How to Avoid Being Left Behind?
Jane Lo, Correspondent, MySecurityMedia; Director, Finboxx
Vihang Shah, Executive Advisor, SynFiny Advisors, Singapore
John Lee, Managing Director (ASIA PACIFIC), GRF ASIA-PACIFIC Pte Ltd
Oleg Ishanov, Director of Information Security, Acronis