IP Intercom Market Size, Share, Trends Analysis Forecast 2020-2026

Industry Insights

[187+ Pages Report] According to the report published by Facts Factors, the global IP intercom market size was worth around USD 985 million in 2019 and is predicted to grow to around USD 1,487 million by 2026 with a compound annual growth rate (CAGR) of roughly 7.1% between 2020 and 2026. The report analyzes the global IP intercom market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the IP intercom market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the IP intercom industry. The report analyzes and declares the historical and current trends analysis of the IP intercom industry and subsequently recommends the projected trends anticipated to be observed in the IP intercom market during the upcoming years.

Key Insights from Primary Research

• After detailed interviews with top IT industry executives, we estimated that the global market is expected to grow substantially by nearly 8% by the end of 2026.
• As per the interview conducted with top researchers of the IT industry, the IP intercom market is gradually inclining towards making its systems cloud-based with AI auto-detection features embedded in it, the reason they stated was cloud-based system makes the IP intercom secure, reliable and computationally efficient.
• Through primary research, it was established that the IP intercom market was valued at around USD 158 million in 2019.
• Based on the observation on test marketing, our analyst predicted that the IP intercom system for residential buildings is anticipated to bolster in the global market with approximately 8% CAGR from 2020 to 2026. 
• Geographically, the North-America region led the market in 2019. But, CXOs also believe that Asia-Pacific will witness the fastest growth on account digitalization trends and internet penetration in this region, especially in India, Southeast Asia, and China.

Key Recommendations from Analysts

• As per our analysts, APAC recorded the highest CAGR of 9% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
• Our analyst recommends focusing on developing cloud-based IP intercom systems because of its rising popularity, especially in Asian and European countries, due to its security and versatility.
• Our analysts have identified the residential and North America segment in the application and region categories respectively, are leading the IP intercom industry. The growth is primarily attributed to the scope of enormous opportunities and innovations that can be done in the residential segment and the presence of well-established infrastructure in the North American region to accommodate all these innovations and opportunities.
• As per our analysis, IoT and neural network technology are expected to penetrate the IP intercom market hence, improving the security and safety of the system.  
• On the basis of application, the residential segment dominated the global IP intercom market in 2019. It was accounted for approximately 78% share of the total market in 2019.

The IP intercom market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire IP intercom market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the IP intercom industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the IP intercom industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the IP intercom market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the IP intercom industry. The IP intercom market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the IP intercom sector. Key strategic developments in the IP intercom market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the IP intercom market are appropriately highlighted in the report.

Car washing system maintains the external appearance of a car clean and prevents rust, corrosion and reduces fine scratches. In-car wash system, a car is left at the starting point of a conveyor. Sensors in a IP intercom detect the vehicle and transfer the vehicle to the washing point. An IP intercom is composed of components such as a conveyor belt system, water sprinklers, and dryers.

Over the last few years, the use of intercoms has evolved. Originally, they were used for telephonic correspondence within a limited space. As technology evolves, IP intercoms have witnessed substantial improvements, with the introduction of IP based systems, video configurations along with various other features.

Embedding information technology to security, safety and surveillance had a major impact on the evolution of hardware products in recent years, such as monitoring devices, storage media, cameras, and intercom systems. With rising criminality and theft around the world combined with increased investment in security and security, demand for hardware products, particularly intercom devices, has increased. Intercom devices are widely used in commercial and government applications such as shopping malls, educational institutions, airports, and offices.

The IP intercom market research report delivers an acute valuation and taxonomy of the IP intercom industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the IP intercom industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the IP intercom industry is provided for the leading economies of the world.

The IP intercom market is segmented based on Application.  On the basis of application segmentation, the market is classified into Offices, Educational Institutions, Stores, Residential, and Others.

Some of the leading players in the global market include

• Axis Communications
• Aiphone Co. Ltd.
• Barix AG
• Commend International GmbH
• TCS TürControlSysteme AG
• Legrand S.A.
• Comelit Group S.p.A.
• Panasonic Corporation
• Fermax Electrónica S.A.U.
• S. Siedle & Söhne OHG
• TOA Corporation
• Hongkong Koon Technology Ltd.
• Hubbell Incorporated

The taxonomy of the IP intercom market by its scope and segmentation is as follows:

By Application Segmentation Analysis

• Offices
• Educational Institutions
• Stores
• Residential
• Others

By Regional Segmentation Analysis

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