Intercom Devices Market worth USD 4.88 billion by 2018-2025: Global Industry Analysis & Forecast to 2025
OrbisResearch.com has published a new study on “Global Intercom Devices Market: 2018-2025 Key Industry Insights, Segments, Opportunities, and Forecasts” to its research database. The market is split into type (Audio & Video), Technology (IP Based & Analog based), Vertical, & Players.
Dallas, United States – July 3, 2018 /MarketersMedia/ —
The global intercom devices market size was valued at USD xx million in 2017 and is expected to grow at a CAGR of more than 9% over the forecast period. The global market growth of intercom devices is expected to rise significantly, as a consequence of rising requirements for utilizing intercommunication systems in video surveillance and home automation sectors.
The global intercom devices market size is expected to reach USD 4.88 billion by 2025. The key driving factors that are expected to positively impact the intercom devices market demand include the industrial development of the video surveillance, safety & security, smart buildings, and home automation sectors.
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Reasons for the study
• The study aims to provide a holistic view of the global intercom devices market
• Consumer inclination towards adopting smart security systems in residential buildings as well as commercial constructions has resulted in increasing the focus on the use of various hardware & software components and its amalgamation into versatile systems
• Through analyzing the trends pertaining to the development of surveillance, safety & security, home automation and other allied areas, we studied the industrial development of various hardware components that included surveillance cameras, storage media devices, monitoring systems, intercommunication devices, etc.
• Of the hardware components, intercommunication devices caught our attention, owing to the technological upgrade and design modification this product has undergone since the past few decades
• Tracking down the presence of key participants operating in the global intercom devices market and their strategies implemented towards business optimization for audio and video intercoms, enabled us to analyze the commercial or demand-side aspects of the product
• Impact of incorporating internet protocol technologies in intercom devices and broadening of customer base from commercial, industrial, to residential sectors, enabled us to understand the patterns and correlation between associated product costs and penetration in each of the afore-mentioned verticals
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Implementation of IP based technologies, utilization of IoT and cloud-based services, and wireless communication systems are expected to offer lucrative growth prospects in the global intercom devices industry. However, presence of internal product substitutes is expected to hinder the market growth to a certain extent, over the forecast period.
Development of smart residential homes in key regions including the U.S., China, India, and the UK is anticipated to provide ample scope for the intercom devices market growth by the end of 2025. As per the insights provided by EUROPA, North America recorded strong growth in the smart home market in 2014. The installed base of smart home systems in the region exceeded 10.2 million by the end of 2017.
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Government initiatives and expenditure for national safety & security, especially in the U.S., the UK, Germany, China, India, and Japan has increased the adoption of these IT enabled systems since the past few years. Furthermore, upgrade of key components such as intercommunication devices, cameras, software, and services is expected to leverage the development of the video surveillance market at a high growth rate over the next couple of years.
Rising concerns regarding the global safety & security is expected to boost the usage of IP based audio and video intercoms over the years ahead. IP based intercoms provide greater flexibility especially in government and commercial applications such as airports, educational institutions, healthcare centers, and others. These systems enable the working of centralized security management efficiently. Furthermore, they facilitate proper communication for numerous door and master stations, without any distance limitations. Owing to the diverse functionality of IP-based intercom devices, it is favorably utilized in security systems in the commercial sector. This in turn, is projected to boost the demand of IP based audio and video intercoms in the future.
According to an article published on the Business Insider magazine in June, 2017, Amazon announced its plans to launch new devices under the Alexa brand name, over the coming years. These devices will be capable of functioning as an intercom device and would also allow the customer to initiate phone calls. Additionally, these devices will also allow the user to talk with other people on the opposite end of another device unit, through the intercom system feature.
Hangzhou Hikvision, Aiphone Corporation, Panasonic Corporation, Honeywell Security Group, Zicom Electronics Security Systems Limited, and Legrand SA are a few of the major players operating in the global intercom devices market.
Read the Press Release on intercom devices market @ http://orbisresearch.com/press-release/internet-protocol-ip-technology-to-amplify-the-global-intercom-devices-market-growth-by-2025
Key segments incorporated in the global intercom devices market are as follows:
• Product Overview, 2014 – 2025 (Volume) (Revenue)
Audio intercom devices
Video intercom devices
• Technology Overview, 2014 – 2025 (Volume) (Revenue)
Internet protocol (IP) based
Analog based
• Vertical Overview, 2014 – 2025 (Volume) (Revenue)
Government
Residential
Commercial
About Us
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the Nickel Powdering publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Info:
Name: Hector Costello
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas
Phone: +1 (214) 884-6817
For more information, please visit http://orbisresearch.com/reports/index/global-intercom-devices-market-2018-2025-key-industry-insights-segments-opportunities-and-forecasts
Source: MarketersMedia
Release ID: 370866
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