Insights Into The Intercoms Systems And Equipment Market’s Growth Opportunities Through 2023-2032 – Includes Intercoms Systems And Equipment Market Forecast
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Use of IoT based intercom systems are expected to drive innovation in intercoms systems and equipment manufacturing, thus driving the market during the forecast period.
The global intercoms systems and equipment market is expected to grow from $3.36 billion in 2022 to $3.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The global intercoms systems and equipment market size is expected to grow to $5 billion in 2027 at a CAGR of 8.1%.
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Global Intercoms Systems And Equipment Market Segments Include:
- By Product Type: Audio, Video
- By End-User: Government, Residential, Commercial
- By Technology: IP Based, Analog Based
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global intercoms systems and equipment market in 2021.
Major Market Players in the intercoms systems and equipment market include Hangzhou Hikvision, Aiphone Corporation, Legrand SA, Panasonic Corporation, Honeywell Security Group, Zicom Electronics Security Systems Limited.
Implementation of long-term evolution (LTE) technology-based intercoms, have been gaining acceptance from companies across all industries. LTE is a modern IP communicator, which provides high data for clear voice communication, full HD video streaming and a faster installation of the intercom. For instance, in August 2021, NTT DATA Corporation, a Japan-based consulting and information technology company announced the launch of NTT’s Private 5G platform (P5G), the first private LTE/5G Network-as-a-Service platform available globally. With a full end-to-end stack of services that extends beyond the network, NTT P5G enables Chief Information Officers and Chief Digital Officers to take advantage of the advantages of private 5G to address business issues and innovate in order to keep up with the future of business. NTT P5G uses design thinking concepts to combine security, control, and privacy by design, resulting in improved performance and lower costs with an obvious return on investment.
The Intercoms Systems And Equipment Global Market Report 2023 provides a intercoms systems and equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The intercoms systems and equipment market forecast analyzes intercoms systems and equipment market size, intercoms systems and equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An intercom system is a closed-circuit voice communication system device that allows people to communicate with one another in two ways.
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