Press release
Global IP Intercom Market Expected to Reach USD 332 Million by 2026
Findings from Facts and Factors report "IP Intercom Market By Application (Offices, Educational Institutions, Stores, Residential, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2020-2026" states that the global IP intercom market in 2019 was approximately USD 157 million. The market is expected to grow at a CAGR of 7.8% and is anticipated to reach around USD 332 million by 2026.
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Example pages from the report.
FnF research methodology.
The IP intercom is an integrated system for audio communication, it sends audio over IP network in packets to attain, accurate and faster communication with optimum reliability and security. There are 2 modes of communication for the IP intercom system namely, Master-to-Substation communication and Master-to- Masterstationcommunication. IP intercom system has numerous uses such as audio triggering, paging broadcasting, BGM broadcasting, conversation and other functions related to security.
The IP intercom equipment is being widely implemented for the AV systems of the building, malls, offices, etc. The Amassed building automation is anticipated to bolster the adoption of IP intercom devices for commercial and residential buildings. Furthermore, it is anticipated that various government initiatives for smart cities will further bolster the IP intercom industry's growth. The increasing demand for advanced AV security systems that provides better security for offices and residential buildings is also anticipated to drive the market's growth. Additionally, major players are increasingly incorporating new technologies into IP intercom systems such as wireless communication systems, and the use of IoT and cloud-based service is supporting the market growth. The high initial investment required for the installation of the IP intercom system combined with its high maintenance costs compared to the traditional intercom system may recede the growth of the IP intercom market. However, the government's austerity acts for lowering the prices of IT products is anticipated to provide lucrative opportunities for new players in the IP intercom market. Furthermore, the increasing adaptation of cloud and IoT based systems across the globe will enable the IT industries to expand its IP intercom market worldwide.
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The application segment of the IP intercom system includes offices, educational institutions, stores, residential, and others. Among these segments, the residential sector is projected to acquire major revenue share. The residential segment held 77% of total market shares in 2019 and is anticipated to grow at a steady pace of 7% CAGR over the forecast period. Several government initiatives for the development of smart cities, such as India, China, South Korea, Brazil, etc. are the key reason for the huge growth of this segment.
The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the IP intercom market in terms of revenue. The presence of prominent technology players in the region, infrastructure development, and awareness regarding safety and security are likely to propel the market growth in the region.
Explore Complete TOC/ Ask for Customization @ http://bit.ly/3d2Kmi6
(This report can be customized to meet the client's requirements. Please connect with our sales team, to customize your report according to research needs).
Some of the essential players operating in the IP intercom market, but not restricted to Aiphone Co. Ltd., Axis Communications, Barix AG, Commend International GmbH, Legrand S.A., TCS T
Request to Access Free Sample @ http://bit.ly/3b0L1yK
(The sample pages of this report is immediately accessible on demand).
This Free report sample includes:
The report covers present status and future prospects.
The report analyses market trends, size, and forecast in different geographically.
The report provides market competition overview among the Top companies.
The report provides a complete analysis of the current and emerging market trends and opportunities.
Example pages from the report.
FnF research methodology.
The IP intercom is an integrated system for audio communication, it sends audio over IP network in packets to attain, accurate and faster communication with optimum reliability and security. There are 2 modes of communication for the IP intercom system namely, Master-to-Substation communication and Master-to- Masterstationcommunication. IP intercom system has numerous uses such as audio triggering, paging broadcasting, BGM broadcasting, conversation and other functions related to security.
The IP intercom equipment is being widely implemented for the AV systems of the building, malls, offices, etc. The Amassed building automation is anticipated to bolster the adoption of IP intercom devices for commercial and residential buildings. Furthermore, it is anticipated that various government initiatives for smart cities will further bolster the IP intercom industry's growth. The increasing demand for advanced AV security systems that provides better security for offices and residential buildings is also anticipated to drive the market's growth. Additionally, major players are increasingly incorporating new technologies into IP intercom systems such as wireless communication systems, and the use of IoT and cloud-based service is supporting the market growth. The high initial investment required for the installation of the IP intercom system combined with its high maintenance costs compared to the traditional intercom system may recede the growth of the IP intercom market. However, the government's austerity acts for lowering the prices of IT products is anticipated to provide lucrative opportunities for new players in the IP intercom market. Furthermore, the increasing adaptation of cloud and IoT based systems across the globe will enable the IT industries to expand its IP intercom market worldwide.
Make An Inquiry About This Report @ http://bit.ly/3d6dftP
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
The application segment of the IP intercom system includes offices, educational institutions, stores, residential, and others. Among these segments, the residential sector is projected to acquire major revenue share. The residential segment held 77% of total market shares in 2019 and is anticipated to grow at a steady pace of 7% CAGR over the forecast period. Several government initiatives for the development of smart cities, such as India, China, South Korea, Brazil, etc. are the key reason for the huge growth of this segment.
The regional segment includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the IP intercom market in terms of revenue. The presence of prominent technology players in the region, infrastructure development, and awareness regarding safety and security are likely to propel the market growth in the region.
Explore Complete TOC/ Ask for Customization @ http://bit.ly/3d2Kmi6
(This report can be customized to meet the client's requirements. Please connect with our sales team, to customize your report according to research needs).
Some of the essential players operating in the IP intercom market, but not restricted to Aiphone Co. Ltd., Axis Communications, Barix AG, Commend International GmbH, Legrand S.A., TCS T
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