The IMS Business Report 2022 is finally out and has provided the hard numbers and fact-based statements on trends within the electronic community. While there are a plethora of keynotes from the report, an interesting trend is seeing how DJ software & hardware have a year-over-year increase of 14% leading with a valuation of $1.2bn.
It is speculated that the monstrous uptick in valuation is associated with at-home purchases during most of the COVID-19 shutdowns which consequently led to an even bigger uptick in purchases for both software and hardware with a looming reopening of venues. In previous years, the valuation of products sold always trended slightly upward. For example, in 2019, the valuation sat right around $900 million, and then in 2020, the valuation saw a $133 million addition (or a 12% increase in valuation), thus leading to 2021’s numbers of $1.2bn and a 14% increase.
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by Michael Ryan · Published April 17, 2020
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