Report ID: UCMIG45H2022
Report ID:
UCMIG45H2022 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The video intercom devices market had a valuation of USD 17.82 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 12.8% from 2019 to 2025. The demand for these devices in the security and surveillance industry is increasing, leading to the market's expansion over the forecast period. These devices are commonly used as audiovisual communication systems at entrances and exits of buildings such as offices, residential societies, and other structures. The devices transmit visual and audio information of a visitor to the user's loudspeakers, telephones, or walkie-talkies. The market participants are expected to benefit from lucrative growth opportunities due to rapid urbanization in various economies. The adoption of video intercom devices in residential and commercial buildings is being driven by increased building automation.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Communications Equipment by segment aggregation, the contribution of the Communications Equipment in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45H2022