Intercom Devices Market by Size, Share, Forecast, & Trends
"For a high business growth and thriving sustainability in the market, a market research report e.g. Intercom Devices Market report, containing detailed statistics and market research insights is always crucial. The market definition topic of this report covers, market drivers indicating the factors causing rise in the market growth and market restraints which indicate the factors causing fall in the market growth. Whereas, competitive analysis covers the strategies used by the major competitors in the market that perks up their penetration in the market. These strategies consist of new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions..
The persuasive Intercom Devices Market analysis report makes available the current and forthcoming technical and financial details of the industry. This market survey report also offers information about consumer’s demands, preferences, and their variable likings about particular product. All the data and information involved in this report has been represented very well in the form of graphs, charts or tables for the better understanding of users. Moreover, only dependable sources such as journals, newspapers, company websites and annual reports of the companies have been referred to collect the data in the first class Intercom Devices Market business report which can be trusted confidently.
Data Bridge Market Research analyzes that the global intercom devices market is expected to reach a value of USD 58,127.45 million by 2030, growing with a CAGR of 12.7 % during the forecast period.
Explore Further Details about This Research Intercom Devices Market Report https://www.databridgemarketresearch.com/reports/global-intercom-devices-market
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015-2020) |
Quantitative Units | Revenue in USD Million |
Segments Covered | System Type (Wired and Wireless), Component (Hardware, Software, and Services), Device Type (Door Entry Systems, Handheld Devices, and Video Baby Monitors), Material (Aluminum, Stainless Steel, Tempered Glass, Plastic, and Others), Power Supply (Less Than 20 W and More Than 20 W), Access Control (Cards, Fingerprint Readers, Proximity Cards, Password Access, Face Recognition, and Others), Technology (Analog and IP-Based), Keypad (Mechanical Button and Touch Pad), Communication Type (Audio/Video and Only Audio)), Price Category (Low (Below USD 100), Medium (USD 100- USD 500), and High (Above USD 500)), Communication (Push-To-Talk and Hands-Free Or Handset (Duplex)), Application (Outdoor and Indoor), Installation (Flush and Surface), End User (Commercial, Residential, Industries, and Government), Distribution Channel (Offline and Online) |
Countries Covered | U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Netherlands, Russia, Switzerland, Denmark, Sweden, Poland, Belgium, Turkey, Norway, Finland, Rest of Europe, China, Japan, South Korea, India, Malaysia, Taiwan, Australia & Zealand, Singapore, Indonesia, Thailand, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Kuwait, Qatar, Egypt, Israel, and Rest of Middle East and Africa |
Market Players Covered | Hangzhou Hikvision Digital Technology Co., Ltd, SAMSUNG ELECTRONICS CO., LTD., Panasonic Holdings Corporation, Schneider Intercom GmbH (A Subsidiary of TKH GROUP), Siedle, URMET S.p.A., Zicom, ABB, Aiphone Corporation, Godrej & Boyce Manufacturing Company Limited, Axis Communications AB (A Subsidiary of Canon Group), Gira, Zenitel, The Akuvox Company, Hager Group, GUANGDONG ANJUBAO DIGITAL TECHNOLOGY CO.,LTD, Schneider Electric, Alpha Communications, COMELIT S.p.A., FERMAX ELECTRÓNICA, S.A.U., TCS TürControlSysteme AG, TOA Corporation, Honeywell International Inc., Dahua Technology Co., Ltd, Legrand Group, Xiamen Leelen Technology Co.,Ltd., and COMMAX among others |
Market Definition
Intercom devices facilitate real-time communication and are widely adopted in residential, commercial, and industrial settings. In homes, intercoms provide enhanced security and convenient internal communication. Industrial applications involve intercoms for secure access control. The market is driven by the growing demand for security equipment and technological advancements, including wireless and IP-based solutions, which improve communication range. However, challenges such as privacy concerns and integration complexities could restrain market growth. One significant market opportunity lies in the integration of intercom devices with smart home ecosystems. Moreover, the ongoing technological advancements in video and audio quality, and the integration of AI and cloud services, further elevate the market's potential.
Global Intercom Devices Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Advent of Advanced Security Audio-Visual Systems
The advent of advanced security audio-visual systems has significantly transformed the landscape of the market, ushering in a new era of enhanced communication, surveillance, and security capabilities. This technological evolution has spurred remarkable innovations in intercom devices, driving their demand across diverse industries and regions. Traditional intercom systems primarily focused on audio communication. However, the integration of advanced security audio-visual systems has brought about a revolutionary shift by combining both audio and video elements. This convergence has empowered users with the ability to not only hear but also see the individuals they are communicating with. In security contexts, this translates to improved verification processes, as personnel can visually confirm the identity of visitors before granting access. This heightened level of verification augments security protocols, making intercom devices an integral component of modern access control and surveillance systems, which is expected to drive market growth.
Restraint
- Rise in Cyber Security and Threats Weakening Intercom Solutions
Cybercrime/hacking and cybersecurity issues have increased by 600% during the pandemic across all sectors. Flaws in network or software security are a weakness that hackers exploit to perform unauthorized actions within a system. According to Purple Sec LLC, in 2018 mobile malware variants for mobile have increased by 54% 2018, out of which 98% of mobile malware target Android devices. 25% of businesses are estimated to have been victims of crypto-jacking, including the security industry. For instance, Rambus Company stated that about 80% of IoT devices are prone to cyber-attacks. The hack could be identification theft by hacking the information from unprotected smart home appliances and internet-connected devices such as smart locks, smart video door locks, biometrics devices, and others. Smart security can also malfunction if there is no protective firewall and strong cyber security application.
Opportunity
- Growing Government Initiatives Toward the Development of Smart Cities
The initiatives taken by the government in smart cities and communities are done by two governance bodies that are a high-level group advising the European Commission (EC) made up of senior representatives from industries, cities, and civil society, and the smart cities stakeholder platform. The platform focuses on identifying the solutions and needs of various developers. Smart cities are urban areas that leverage technology and data-driven solutions to enhance the quality of life for residents, improve sustainability, and streamline urban management. Intercom devices, with their communication, security, and integration capabilities, play a pivotal role in shaping the communication infrastructure of these smart cities, which is expected to provide opportunities for market growth.
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Key Questions Answered in This Report: –
- How has this Intercom Devices Market performed so far and how will it perform in the coming years?
- Which are the key product types available in this Intercom Devices Market?
- Which are the major application areas in the Global Intercom Devices Market ?
- What are the key distribution channels in the global Intercom Devices Market?
- What are the key regions in this Intercom Devices Market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Intercom Devices Market research report.
- Interaction with research scientists and development heads to understand the nature of the Intercom Devices Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Intercom Devices Market size
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