Industry Outlook and Trend Analysis
The Video Intercom Devices and Equipment Market has encountered significant development in the recent years and is anticipated to grow tremendously over the forecast period. An intercom is a stand-alone voice communications system for use inside a building or small accumulation of buildings. It is a two-way correspondence electronic device that contains hardware to transmit and receive sound and video transmissions. Intercom enables the user talking into a receiver to be heard on a speaker by individuals in an alternate room or area. Intercoms have long outgrown the picture of the single-line, single-button door buzzer panel. In an extensive variety of communication and building management settings, radio is developing as the future central hub technology that unites sound and video communication.
Drivers and Restraints
The market is expanding at a considerable pace, and wouldn't saturate all through the gauge time frame because of the rising interest in the security and surveillance division. The requirement for video intercom accessories in commercial and residential buildings is ascending throughout the years, which totally drives the market for the same. In spite of the fact that the residential applications are anticipated to rise, commercial applications will be quickly heightening with enhancing economies that prompt additional funds from the private sector and in this way demonstrate the speediest development amid the conjecture time frame. Government applications are foreseen to reflect slow progress because of the austerity acts being constrained for taken a cost cutting, particularly in districts, for example, Europe.
The Video Intercom Devices and Equipment Market is segmented on the basis of device and access control. On the basis of device the market is segmented into handheld devices, door entry systems and video baby monitors. Based on application the market is segmented into password access, proximity cards, Bluetooth control and fingerprint readers.
Regional Outlook and Trend Analysis
Market for video surveillance systems is driven by APAC, trailed by America and Europe. The worldwide Video Intercom Devices and Equipment market is gauge to develop significantly because of the developing need for observation in numerous public places alongside residential areas throughout the world. The technological advancements, for example, increment in combination with growing automation and the adjustment in bearing of customers towards the compact video intercom devices are responsible for the shift from audio to video door phones or video intercom devices.
The major players in the market are Godrej And Boyce Manufacturing Co Ltd, Samsung Group, Legrand, Honeywell Security, Panasonic and AIPHONE CO LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Video Intercom Devices and Equipment Market is segmented as follows-
Door entry systems
Video baby monitors
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?