DUBLIN–(BUSINESS WIRE)–The “Global Video Intercom Devices Market Size, Share & Trends Analysis Report by Access Control (Password, Wireless), Device Type (Door Entry Systems, Handheld Devices), End Use, System, Technology, Region, and Segment Forecasts, 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
The Global Video Intercom Devices Market is poised for significant growth over the next seven years, with projections forecasting a market size of USD 58.30 billion by 2030. At a Compound Annual Growth Rate (CAGR) of 13.6% from 2023-2030, the industry is set to expand vastly, driven by the surge in residential and commercial building developments.
The industry is currently undergoing rapid advancements, particularly in the realms of video streaming technology and Session Initiation Protocol (SIP). Integration capabilities with other security systems have bolstered the applicability of video intercom devices across various sectors.
The Password Access Control sector is identified as a key area with potential for market share domination, attributed to its multiple benefits including ease of access and enhanced security. Furthermore, the End Use segment’s positive trend within the automotive industry is a testament to the versatility and expanding applicability of video intercom technology.
Regional Insights
North America emerges as a front-runner in the video intercom devices market space with the highest projected growth over the forecast period. This can be significantly attributed to the boom in smart home constructions and general technological embracement within the region.
This comprehensive analysis of the
Global Video Intercom Devices Market outlines the pivotal factors influencing market expansion while providing strategic insights into its segregated segments and their individual trajectories.
End-use sectors including residential apartments and commercial offices are increasingly relying on advanced security solutions like video intercom devices. The technological advancements are fostering safer and more efficient communication and access control systems, heralding a new era in security management.
Overall, the market is experiencing an upswing in demand, driven by consumer needs for high-quality, innovative, and secure intercom solutions. This growth indicates a clear market response to the evolving needs of both security and technology, further propelling the industry towards a thriving future.
Market Dynamics & Segment Highlights
- The Dynamics of the market are highly influenced by innovation and the integration of technology in security systems. Enhanced video quality, night vision, and internet-based data transfer are key factors escalating the adoption rate.
- Within the market, the Door Entry Systems segment is notable for its significant share, projected to exhibit the highest CAGR of 14.0% during the forecast period.
- Wireless Video Intercom Systems are rapidly gaining traction, anticipated to register the highest growth with a CAGR of 14.7%, thanks to their lower installation and maintenance costs.
- IP based systems are dominating the market with a 63.9% revenue share in 2022 and forecast to advance at a CAGR of 13.9%.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $21.7 Billion |
| Forecasted Market Value (USD) by 2030 | $58.3 Billion |
| Compound Annual Growth Rate | 13.6% |
| Regions Covered | Global |
Companies Profiled
- Aiphone Corporation
- Alpha Communications
- Comelit Group S.p.A.
- Dahua Technology USA Inc.
- Godrej.com
- Honeywell International Inc.
- Legrand
- Panasonic Holdings Corporation
- SAMSUNG
- Siedle
- 2N TELEKOMUNIKACE a.s.
For more information about this report visit https://www.researchandmarkets.com/r/v7efdc
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