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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