The Global IP Intercom Market size is expected to reach $3.8 billion by 2028, rising at a market growth of 7.9% CAGR during the forecast period.
An IP intercom is an instrument that enables two-way audio interaction among individuals and locations. Moreover, IP intercoms can connect to one other directly or via a computer server across a Local Area Network (LAN). It's an audio and video-transmitting device that connects to the internet. The market is predicted to increase due to the growing usage of intercoms in government and business sectors for communication and security, as well as the benefits that come with and integration of advanced technologies in IP intercoms. Moreover, throughout the forecast period, the increased use of intercoms in the residential sector is likely to boost the market. If an employee is not there to grant admission to the premises, IP intercoms allow an impressive function that permits client inquiries to be re-routed to a separate line. In comparison to classic analogue intercom systems, IP innovation has allowed the growth of a variety of smart new capabilities. Factors such as the increasing use of intercoms in government and commercial sectors for communication and security, as well as the related advantages and integration of advanced technologies in IP intercoms, are projected to propel the market forward in the future.
The increasing utilization of IP intercom in government and business sectors for communication and security, along with the accompanying advantages and combination of advanced technologies in IP intercom, are all key drivers influencing the international IP intercom market. An IP intercom is a device that connects to the internet and transmits video and audio between two people. IP intercom refers to the Internet Protocol, which is a list of rules for directing and identifying information so that it can move throughout the internet to its intended destination.
IP intercoms, in contrast to traditional intercom systems, use digital technology to transmit bigger and more complex data, such as video. Moreover, modern IP intercoms can transmit more than simple video and audio. They can also be connected to a building's electrical or magnetic gate to make it easier to get access to the property.
COVID-19's rapid spread has become one of the world's most critical economic threats, causing widespread tension and economic suffering for consumers, enterprises, and communities throughout the world. The new normal, which includes social isolation and working from home, has produced difficulties with everyday routines, daily tasks, needs, and supplies, leading to missed opportunities as well as delayed projects. Moreover, the COVID-19 pandemic has created uncertainty in the stock market, decreased business confidence, slowed the supply chain, and increased panic among customers. Various countries under the lockdown have suffered a major loss of business and revenue due to the shutdown of manufacturing units in the region.
IP intercom adoption is increasing in all sectors, including government and commercial, for custom-configured communications and security objectives. Intercom devices are an integral aspect of communication and security in both the government and commercial industries. They also provide a secure means to manage access through doors. IP intercoms allow security professionals to manage guests and maintain safety from a centralized location and off-premise in the commercial and government sectors. It can also be integrated with a corporate or security phone system and addressed on a regular reception phone, or it can be displayed on displays in the security office of government and commercial offices via a video management system.
Organizations are becoming increasingly aware of the advantages of IP intercoms outside of the more conventional door access role. Target situations are emerging in a variety of industries, necessitating the use of technology to assist employees in wireless connectivity and interaction. Patient monitoring can be difficult in the healthcare industry, both in terms of manpower and personal safety. This is especially true in crowded medical facilities, where a small number of employees must provide intensive care to several patients. Healthcare workers can benefit from IP intercoms since they can safely observe and interact with more patients due to high-resolution video and bi-directional audio features.
Wireless, wired, video, apartment-based, and two-way radios are all options for intercom system communication. Caused by system designers and equipment installation, IP intercoms are time-consuming and costly for multi-dwelling buildings. IP intercoms include high-resolution cameras, which add to the system's cost, and advanced security software is more expensive than traditional intercom software. Sensors and loudspeakers are commonly employed in IP intercoms, which increase the system's cost. Additionally, the IP intercom contains functions, such as a scan monitor, remote control, audio trigger, and more to facilitate communication.
Based on Type, the market is segmented into Visible and Invisible. The invisible segment recorded a substantial revenue share in the IP Intercom Market in 2021. The constantly rising growth of this segment is owing to the fact that invisible intercoms are seen as a critical component of security concerns. In addition, there are many key market players that are increasingly investing in the development of various advanced solution and hence, contributing to the growth of the segment as well as the market.
Based on Application, the market is segmented into Commercial, Government, Industrial, Residential, and Others. The commercial segment acquired the highest revenue share in the IP Intercom Market in 2021. Commercial intercom systems allow for monitoring and control of who enters and exits the building. These systems can be installed at individual security checkpoints, office buildings, or any other access point inside a complex to control site access. The clear benefit here is that it reduces the tendencies of unidentified guests breaking into the building and committing robbery, damage, or corporate espionage. A security system like this, on the other hand, provides business owners with peace of mind and control.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 2.2 Billion |
| Market size forecast in 2028 | USD 3.8 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 7.9% from 2022 to 2028 |
| Number of Pages | 153 |
| Number of Tables | 270 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America region witnessed the largest revenue share in the IP Intercom Market in 2021. The increasing growth of the regional market is due to the presence of cut-throat competition among major companies functioning in the industry, as well as the availability of innovative technology in the region. Moreover, regional countries are early adopters of several latest and advanced technologies. This factor is increasing the adoption of IP intercom technology across the region and hence, the growth of the regional market is augmenting.
Free Valuable Insights: Global IP Intercom Market size to reach USD 3.8 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Legrand S.A., Tata Consultancy Services Ltd., Canon, Inc., TOA Corporation, Fermax Electrónica, S.A.U., Commend International GmbH, Comelit Group S.p.A., Aiphone Co., Ltd., and Barix AG.
By Type
By Application
By Geography
The IP intercom market size is projected to reach USD 3.8 billion by 2028.
Increasing adoption of Intercoms in various sectors are increasing are driving the market in coming years, however, high purchasing cost of the machines growth of the market.
Panasonic Corporation, Legrand S.A., Tata Consultancy Services Ltd., Canon, Inc., TOA Corporation, Fermax Electrónica, S.A.U., Commend International GmbH, Comelit Group S.p.A., Aiphone Co., Ltd., and Barix AG.
The Visible segment acquired maximum revenue share in the Global IP Intercom Market by Type in 2021, thereby, achieving a market value of $2.3 billion by 2028.
The North America is the fastest growing region in the Global IP Intercom Market by Region in 2021, and would continue to be a dominant market till 2028.
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