DUBAI, United Arab Emirates, Nov. 14, 2022 (GLOBE NEWSWIRE) — The world video intercom market is expected to reach a valuation of US$53,807.51M by 2027, with sales growing at a stellar CAGR of 13.1% from 2017 to 2027. Valued at US$15,711.6M in 2017, the target market is expected to show significant growth over the years. Growing need to provide property security, intrusion control and improved communication with visitors are factors driving the growth of the video intercom market over the forecast period.
Intercom devices with a video approach are categorized as video intercom devices. These devices are stand-alone intercom systems that manage calls made at the entrance to the building and are equipped with access control. The assortment of applications for video intercom devices and equipment has ensured better security and comfort in commercial, residential and industrial spaces.
Video intercom devices not only meet communication needs but also offer a wide variety of different features such as enhanced IP networking, multi-site communication and mobile video app for door intercom. These features are very appealing to consumers looking for a video intercom system.
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Again, for consumers who are already using the product, many market players are offering an upgrade of the product with smart and smart features. Such developments regarding both residential and commercial verticals are expected to have a positive influence on the global video intercom device market over the projected period.
As markets and customers driven by intercom products continue to transform with modernized needs that require new era solutions, intercom manufacturers are constantly monitoring the market and developing new and innovative solutions to meet to the growing needs of the modern consumer. Additionally, hardware and software changes are evolving and giving rise to new trends in the video intercom market. All these considerations are expected to propel the target market during the forecast period.
“Rising popularity of smart video intercoms, increased demand from residential sector and rising concern for the safety of life and property are driving the global video intercom market growth over the forecast period,” says an IMF analyst. .
Key points to remember:
- The increasing adoption of smart home ecosystems will strengthen the market prospects.
- The North America video intercom device market will dominate the global space.
- Eastern Europe video intercom market will present several additional opportunities
- India and China will make significant contributions to the Asia-Pacific market (excluding Japan).
- By product type, the door/entry systems segment will see higher growth during this observation period.
- By vertical, the residential segment will lead the market growth over the assessment period.
Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group SPA, Dahua Technologies Co. Ltd. and Hangzhou Hikvision Digital Technology Co. Ltd., among others, are some of the major players in the market. video intercom device market presented in the full version of the report.
The major market players are focusing on offering enhanced and innovative features with the help of advanced technologies to expand their consumer base. These organizations are eager for product innovations, strategic partnerships and collaborations to strengthen their market position.
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More information about the Video Intercom Devices Market report
In its latest report, FMI offers an unbiased analysis of the global Video Intercom market, providing historical data and forecast statistics from 2017 to 2027. To understand the potential, growth, and scope of the global market, the market is segmented into basis of product type (baby monitor, handheld device, door/entry systems), technology (IP-based, analog), vertical (government, residential, commercial, manufacturing/industrial) and region.
According to the latest IMF reports, based on segmentation, the residential vertical segment followed by the government segment is expected to perform well during the forecast period. Concerns about the safety of family and property are driving the growth of the door/entrance segment, which is expected to contribute significantly to the overall market growth.
According to the region, the North America video intercom device market will show remarkable growth during the forecast period. This region represents a significant portion of the target market share, generating considerable additional opportunity during this observation period. This growth can be attributed to increased demand for the target product from the residential sector. North America is closely followed by Eastern Europe in terms of revenue generation due to the growing popularity of smart video intercoms.
Key Segments Covered
- baby monitoring system
- Portable device
- Door/entrance system
Key regions covered
- North America video intercom device market
- Video Intercom Devices Market in Latin America
- Western Europe video intercom device market
- Eastern Europe video intercom device market
- APEJ Video Intercom Devices Market
- Japanese video intercom market
- MEA Video Intercom Devices Market
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1.1. Market overview
1.2. Market analysis
1.3. MFI analysis and recommendations
2. Presentation of the market
2.1. Taxonomy and market definition
2.2. Market overview
3. Market perspective
3.1. Macroeconomic factors
3.2. Opportunity analysis
3.3. Technology Trends
4. Global Market Analysis 2012-2016 and Forecast 2017-2027
4.1. Key regulations
4.2. Market Volume Projections
4.3. Market size and annual growth
4.4. Absolute $ Opportunity
4.5. Value chain
5. North America Video Intercom Devices Market Analysis 2012-2016 and Forecast 2017-2027
5.2. Regional market dynamics
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