Increasing demand from residential application to bolster the market growth

The IP Intercom market worldwide is expected to grow with a CAGR of 4.4% during the forecast period from 2023 to 2030, starting from US$ 1.06 Bn in 2021. The IP intercom includes a call and door release button and attaches to the network directly. It includes Talkmaster software and PoE interface box providing notification of door bell, two way audio as well as door release.  The relay is included in order to be directly connected to the electrical lock. Several versions are available for both indoor and outdoor applications. The IP innovation has enabled the development of a wide range of smart new features compared to traditional analog intercom systems. IP intercoms enable an impressive feature that allows visitor calls to be re-routed to a different line if an individual is not present to offer access to the premises. The IP innovation has enabled the development of a wide range of smart new features compared to traditional analog intercom systems. IP intercoms provide an extraordinary feature that allows visitor calls to be re-routed to an alternative line if an individual is not present to permit access to the premises.

Residential Segment to lead the global IP Intercom market throughout the forecast period

Based on application, the market is divided into commercial, automotive, residential, government and others. The products are widely used as they furnish protection against burglars in residential buildings. Monitor stations and IP video intercom terminals are integrated with closed circuit and access control systems and are featured in the instrument. This equipment has been tailored to ensure maximum security and security for housing estates, private housing as well as apartments.

Asia Pacific to Register the Fastest Growth

In terms of revenue share, North America led the global market for IP intercom devices in 2021. Due to smart city initiatives in economies such as the U.S. and Canada, it is expected to retain its leading position throughout the forecast years. The development of several initiatives such as smart buildings and smart transport is expected to create lucrative growth opportunities for the major players. It is further expected that rapid growth in the region's residential and commercial sector will fuel the market over the forecast period. It is expected that the APAC regional market will register the highest CAGR over the forecast period. Latin America is anticipated to foresee considerable growth owing to increasing ICT industry development especially in Brazil and Argentina. Rising number of players in these countries is another key aspect driving the growth of the Latin America IP intercom market.

Some of the prominent players operating in the IP Intercom market include Alpha Communications; Aiphone Co., Ltd.; Dahua Technology Co., Ltd.; Comelit Group S.P.A.; Honeywell International Inc.; Godrej.Com; Panasonic Corporation; Legrand; Siedle & Sohne OHG and Samsung among others. In order to boost their market shares, these companies focus on strategic partnerships and acquisitions. In addition, companies are also investing in new product development, product portfolio expansion, and R&D to provide cost-effective and reliable IP intercom equipment.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of IP Intercom market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the IP Intercom market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of IP Intercom market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the IP Intercom market?
• Which is the largest regional market for IP Intercom market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving IP Intercom market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the IP Intercom market worldwide?