The video intercom devices and equipment market continues to see robust growth with increasing number of cameras being installed with passing days, as organizations, businesses and governments desire to deter, protect, prosecute and predict. Intercoms have been prevailing in the society since a fair amount of time. The adoption of video intercom system is the new hot trend growing with fast market CAGR.
According to IndustryARC, the video intercom devices and equipment market is predicted to rise at CAGR 12% during the forecast period 2015-2020 owing to the growing crimes and thus growing need for increased arrangement of surveillance systems in public places across the world.
One of the biggest reasons owing to the rising demand for the video intercom devices and equipment market through the video surveillance market is the shift from audio door phone to video door phone. The advantages of owning an audio door call system has not only driven organizations to adopt the services but is also driving home residents to buy intercom system for home.
Video Intercom Devices and Equipment Market Trends:
Through law enforcements acts and methods, introduction of body cameras have shown bright colors in terms of sales and revenue in the global market. Differentiation will be a key market driver for almost every equipment vendor, distributor and integrator active in the video intercom devices and equipment market over the next couple of years.
An attempt to build safer stadiums to attract the latest generation of “digitally connected” public for entertainment coupled with security is the latest cool of the market. This is being used not only for sports but also for festivals, functions and concerts.
Another famous trend being witnessed in this market is the emergence of edge-based video surveillance, which offers high-resolution imaging, but at low costs. The edge-based surveillance systems have inbuilt camera storage and processing systems that reduce the overall cost of video surveillance.
Video Intercom Devices and Equipment Market Overview:
The unit shipments of the intercom systems on a global scale are projected to grow at 7% CAGR during the observation period. Advancements in technology like hands-free or portable intercom systems have heightened the comfort levels of customers and thus more number of home intercom systems are being installed all over.
Though the residential applications are expected to increase, commercial applications will be rapidly expanding with improving economies that lead to more investments from the private sector and thus exhibit the fastest growth during the forecast period.
Propellants of Video Intercom Devices and Equipment Market:
The launch of low-priced Chinese audio intercom devices is propelling the manufacturers throughout the world to promote more video intercom solutions in order to cope up with the fierce competition, thus contributing to the market growth. The demand of video intercom devices in residential and commercial buildings is increasing over the years, which positively drives the market for the same.
According to the report, a major factor driving this market is the need for high-resolution imaging. A number of vendors offer cameras with the capability of creating high-megapixel imaging.
Geographical Brief of Video Intercom Devices and Equipment Market:
APAC and the Americas lead the global video intercom devices and equipment market, followed by Europe. Government applications are likely to show slow growth due to the austerity acts being imposed for cost cutting, especially in regions such as Europe.
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Segmentation of Video Intercom Devices and Equipment Market:
On analyzing the global video intercom devices and equipment market with respect to all aspects, IndustryARC has classified the market into various types based on the following factors. Each of the below classification is further segmented into deeper roots which is mentioned in detail in this market report.
- 1.By Device: Door Entry Systems, Handheld Devices and Video Baby Monitors.
- 2.By Access Control: Proximity Cards, Fingerprint Readers, Password Access, Bluetooth Control and Others.
- 3.By Application: Automobiles, Residential, Commercial, Governmental, Educational, Industrial and Others.
- 4.By Geography: Americas: U.S., Canada, Mexico, Brazil and Others.
- Europe: U.K., Germany, France, Italy, Spain and Others.
- APAC: China, Japan, Taiwan, South Korea, India, Australia and Others.
- ROW: Middle East and Africa.
Vendors Outlook of Video Intercom Devices and Equipment Market:
Hikvision is noted to be one of the leading players of the global industry. Panasonic Corporation, Samsung, Fermax Electronica S.A.U., Godrej Industries Limited and Honeywell Security are the few top players which are studied and included in this report by IndustryARC. More than 40 companies are analyzed in the report with different business aspects like company overview, details of products, tie-ups and more. Sena has announced their latest trend of video cam with Bluetooth intercom devices. This product is expected to break all grounds in the video intercom system globally.
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