The video intercom devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Video Intercom Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The video
intercom devices market size has grown rapidly in recent years. It will
grow from $28.19 billion in 2023 to $32.66 billion in 2024 at a
compound annual growth rate (CAGR) of 15.9%. The growth in the historic
period can be attributed to increasing security concerns, growing
urbanization, rising disposable incomes, growing demand for smart homes
and enhanced building infrastructure.
The video intercom devices market size is expected to see rapid growth in the next few years. It will grow to $59.55 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to the increasing adoption of smart home devices, rise in residential and commercial construction, growing awareness of safety and security, increasing investment in the smart building and smart homes, growing demand for video surveillance or security equipment and expanding urban population. Major trends in the forecast period include integration with smart home systems, adoption of wireless and IoT connectivity, growing demand for high-definition video resolution, adoption of cloud-based video intercom systems, increasing adoption of voice-activated controls.
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Scope Of Video Intercom Devices Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Video Intercom Devices Market Overview
Market Drivers -
The
rising demand for security and surveillance is expected to propel the
growth of the video intercom device market going forward. Security and
surveillance refer to the measures and systems employed to monitor,
detect, and respond to potential threats and unauthorized activities,
such as robbery and safety concerns, in various environments. The demand
for security and surveillance is increasing due to increasing crime
rates, terrorism and global threats, urbanization and population growth,
cybersecurity threats, and enhancing public safety. Video intercom
systems contribute significantly to security and surveillance by
providing visual verification, access control, remote monitoring, and
integration capabilities, improving the safety and protection of
residential, commercial, and institutional premises. For instance, in
October 2023, according to the Office for National Statistics, a
UK-based non-ministerial department, UK police recorded robberies
reaching 77,337 incidents in 2023, compared to 69,432 incidents in 2022.
Therefore, the rising demand for security and surveillance is driving
the growth of the video intercom device market.
Market Trends -
Major
companies operating in the video intercom device market focus on
developing advanced products, such as the preprogrammed box set with
video intercom system, to streamline installation processes and enhance
user convenience. A preprogrammed box set with a video intercom system
is an all-in-one, ready-to-install package with preconfigured monitors,
cameras, and wiring for seamless setup. For instance, in April 2023,
AiPhone Co. Ltd., a US-based international intercom and security
communication product manufacturer, launched the IX Series kit, a
preprogrammed and preassembled box set with a video intercom system
ready to install. The IX Series is a network-based communication and
security system featuring video entry security, internal communication,
emergency stations, and paging. Key features include video entry, access
control, integration with IP cameras and access control systems, and
mobile app integration. The IX Series kit is aimed at installers
transitioning from traditional analogy-based intercom systems to
IP-based video intercom systems.
The video intercom devices market covered in this report is segmented –
1) By Device Type: Door Entry Systems, Handheld Devices, Video Baby Monitors
2) By System: Wired, Wireless
3) By Technology: Analog, Internet Protocol-Based
4) By End-User: Commercial, Residential, Government, Other End-Users
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Regional Insights -
North
America was the largest region in the video intercom devices market in
2023. The regions covered in the video intercom devices market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the video intercom devices market are Apple Inc., Samsung
Electronics Co. Ltd., Panasonic Corporation, Honeywell International
Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Legrand, Dahua
Technology, VTech Communications Inc., Axis Communications AB, Snap One
LLC, URMET S.p.A., Ring LLC, Grandstream Networks Inc., Siedle, Zenitel,
Bosch Security Systems, ButterflyMX Inc., 2N, FERMAX, Comelit Group
S.p.A., Bird Home Automation GmbH, CyberData Corporation, Alpha
Communications
Table of Contents
1. Executive Summary
2. Video Intercom Devices Market Report Structure
3. Video Intercom Devices Market Trends And Strategies
4. Video Intercom Devices Market – Macro Economic Scenario
5. Video Intercom Devices Market Size And Growth
…..
27. Video Intercom Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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