Vega Global, one of Asia’s leading AV integrator and technology service providers, recently announced its plans to revolutionise its product and service offerings. By the end of Q3 this year, Vega Global aims to provide its entire range of solutions through various flexible options such as pay-per-use, risk and revenue sharing, and as-a-Service models.
With a remarkable track record of 37 years in delivering cutting-edge AV solutions to multinational
corporations across 16 countries in the Asia Pacific region, Vega Global is expanding its strategic focus in response to evolving customer demands. “As customers now look for greater value from their service providers and want to pay for technology as they use it, with more flexibility, and in some cases look for their providers to share business risk, it is critical that service providers stay ahead and relevant by meeting market needs. Having the agility to adapt quickly at a time when every company is challenged to embrace digital transformation is key to sustaining long-term customer partnerships,” says Vega’s CEO, Steve Medeiros.
With a strong focus on delivering cutting-edge AV solutions, Vega Global’s as-a-Service offerings will enable customers to pay for integrated technology solutions, encompassing all aspects of audio, video and collaboration solutions over time through regular payments. This approach provides the flexibility to upgrade equipment when needs change, all while receiving ongoing support throughout the payment term. By aligning payments with usage, this model offers financial predictability and ensures that companies can stay up-to-date with the rapidly changing technology landscape. Moreover, as-a-Service solutions contribute to environmental sustainability by incorporating second-life equipment in markets where cutting-edge technology is not necessary. Additionally, equipment is distributed as parts are disposed of in an eco-friendly manner. Ultimately, these solutions enable companies to adopt a technology lifecycle that enhances efficiency, cost-effectiveness, and environmental stewardship.
Vega Global will gradually introduce its as-a-Service offerings across most of its locations in Asia,
driven by significant customer demand. Over time, Vega Global anticipates that most of its revenues will stem from services, reflecting customers’ increasing shift away from treating technology as a capital expenditure burden.
This groundbreaking advancement not only sets Vega Global apart but also represents a pioneering leap forward in the AV industry. It also showcases Vega Global’s commitment to driving innovation and delivering exceptional customer value, solidifying its position as a leading force in the AV sector.