Global IP Intercom Market Size Expansion To Achieve 4940 Million by 2030, At a 8.41% of CAGR

New York, NY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “IP Intercom Market By Type (Visible And Invisible), By Application (Commercial, Residential, Government, Industrial, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global IP Intercom Market size & share in terms of revenue was valued at USD 2600 million in 2022 and it is expected to surpass around USD 4940 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.41% during the forecast period 2023 to 2030.”

What is IP Intercom? How big is the IP Intercom Industry?

Report Overview:

The global IP intercom market size was evaluated at $2600 million in 2022 and is slated to hit $4940 million by the end of 2030 with a CAGR of nearly 8.41% between 2023 and 2030.

An IP intercom is a piece of equipment that allows for audio communication in both directions between many sites. In addition, the pieces of hardware are able to communicate with one another in a direct manner by way of a connection to a local area network (LAN) or a computer server. It is hardware that is connected to the internet and is built specifically for the transfer of audio and video content. In addition to this, the IP intercom is simple to configure and does not call for any rewiring or additional cable installation. To set the record straight, it is hardware for sending video and audio that is connected to the web. In addition to this, the IP intercom transfers video and audio information using the protocols that are standard on the internet. The use of these devices provides residential structures, healthcare facilities, industrial sites, and educational institutions with protected communication options.

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Global IP Intercom Market: Growth Factors

A rise in the product's market share in the residential, commercial, and government sectors is needed to meet the growing demand in the global market.

The growth of the global market for IP intercoms can be attributed, in large part, to the rise in popularity of using IP intercoms in both commercial and government settings. The current trends in the worldwide market will be embellished by a significant rise in the adoption rate of IP intercom in the electronics industry. The growth of the global market will be prompted by an increase in the need for increased security in a wide variety of residential and commercial structures. The globalisation of the market will be driven by the ever-increasing demand for products in many kinds of settings, including retail stores, factories, offices, and warehouses. The scope of demand for IP intercoms in a variety of end-use industries is expected to expand further as a result of an increase in the number of public infrastructure projects in both developing nations and economies that are already developed. In recent years, there has been a rise in demand for IP intercoms, which can be attributed to the growing consciousness among businesses regarding the advantages offered by these systems. In addition to this, an increase in the utilisation of the product at building sites, gyms, schools, workplaces, solar farms, farming, hotels, and parking lots would raise the demand in the global market.

In addition, it is anticipated that the introduction of brand-new products would drive the rise of the global IP intercom market in every region of the world. For example, in March of 2019, the leading global provider of innovative video surveillance solutions, Hikvision, introduced a new generation of IP video intercom systems. In addition, the end-users are provided with a risk-free living environment by virtue of the product's high-definition visual quality as well as its user-friendly interface. Another example is provided by Axis Communications, which in February 2021 launched a two-way network video intercom for use in surveillance applications that take place in low-light or otherwise challenging environments.  In the years ahead, activities of this kind will make a significant contribution to the overall growth of the worldwide market.

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Report Scope

IP Intercom Market: Segmentation Analysis

The market for IP intercoms is divided into three categories: by kind, by application, and by area. 

The global market for IP intercoms can be divided into two categories, visible and invisible, based on how they are used. In addition to this, it is expected that the invisible category, which accounted for over two-thirds of the revenue generated by the global market in 2022, will register a substantial growth rate throughout the course of the forecast period. Numerous advantages of invisible intercoms, including high levels of security, improved video and audio quality, scalability, remote access, ease of deployment, cost-efficiency, and integration with other systems, can be credited with the expansion of this market sector in the years to come. These advantages include: high quality video and audio, scalability, remote access, ease of deployment, and integration with other systems.

The global market for IP intercoms can be segmented into the commercial, residential, government, industrial, and other categories, depending on the type of application being served. In addition, the commercial sector, which was responsible for more than 52 percent of the global industry's share in 2022, is anticipated to make a significant contribution to the global sector's revenue throughout the period 2023-2030. It is possible to attribute the segmental growth that will occur over the next eight years to the development in the utilisation of smart IP intercoms in a variety of business applications. In addition to this, the growing need to improve the productivity and safety of commercial properties would cause an increase in the demand for items in the commercial market segment.

The global IP Intercom market is segmented as follows:

By Type

• Visible
• Invisible

By Application

• Commercial
• Residential
• Government
• Industrial
• Others

Browse the full “IP Intercom Market By Type (Visible And Invisible), By Application (Commercial, Residential, Government, Industrial, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report At https://www.zionmarketresearch.com/report/ip-intercom-market

Competitive Landscape

Some of the main competitors dominating the global IP Intercom market include - 

• RTS Intercom Systems
• Axis Communications
• Commend International GmbH
• GAI-Tronics
• TCS AG
• Comelit Group S.p.A.
• Hikvision
• TOA Corporation
• Koontech
• Siedle
• Panasonic Corporation
• 2N TELEKOMUNIKACE
• Koontech
• Guangdong Anjubao
• Bird Home Automation GmbH
• Legrand S.A.
• Fermax Electronica
• Barix AG
• Urmet
• Canon Inc.
• Aiphone Company Limited

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the IP Intercom market is likely to expand at a CAGR of around 8.41% during the forecast period (2023-2030).                                            
• In terms of revenue, the IP Intercom market size was valued at around US$ 2600 million in 2022 and is projected to reach US$ 4940 million by 2030.
• The global IP intercom market is anticipated to record massive growth over the forecast period owing to the use of IP intercoms has surged in commercial and government sectors.
• In terms of type, the invisible segment is slated to register the fastest CAGR over the anticipated period.
• On the basis of application, the commercial segment is slated to dominate the global industry share over the forecast timespan.
• Region-wise, the Asia-Pacific IP intercom industry is projected to register the highest CAGR during the assessment timeline.

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Key questions answered in this report:

• What is the market size and growth rate forecast for IP Intercom industry?
• What are the main driving factors propelling the IP Intercom Market forward?
• What are the leading companies in the IP Intercom Industry?
• What segments does the IP Intercom Market cover?
• How can I receive a free copy of the IP Intercom Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By Application, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America to be a global leader in the IP intercom market over the forecast timeline

North America, which contributed more than 42% of the global IP Intercom Market share in 2022, is expected to lead the regional market space in the coming years. The market growth in the sub-continent over the prognosis timeframe can be subject to an increment in IP intercom application in residential and commercial constructions in countries such as the U.S. In addition to this, the rise in the number of IP intercom ventures with a surge in digitization across various business verticals in the sub-continent will catapult the regional market trends. Moreover, the U.S. and Canada are predicted to be the major regional revenue pockets of the market in the region. 

Furthermore, the IP intercom industry in Asia-Pacific is expected to register the highest CAGR in the assessment timeline. The major growth factors of the industry in the region include technological breakthroughs, a rise in the acceptance of AI, and favorable government laws supporting the use of IP intercom in various end-use sectors. Moreover, China and Japan are likely to be key regional revenue growth drivers of the industry in the Asia-Pacific zone.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/ip-intercom-market

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