IP Intercom : Growing Adoption Of Intercom In Commercial And Government Applications For Communication And Security Purposes
An IP intercom is a device that provides two-way audio communication between different location and parties. Moreover, IP intercoms can either connect directly to each other via a Local Area Network (LAN) connection or through a computer server. It is an internet-connected device designed to transmit audio and video.
Allied Market Research published a report, titled, “IP Intercom Market By Type (Visible, And Invisible), and Application (Commercial, Government, Industrial, Residential, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030”
The global IP intercom market was valued at $2.23 billion in 2020 and is projected to reach $4.92 billion by 2030, registering a CAGR of 8.5% from 2021 to 2030.
Read More @ https://www.alliedmarketresearch.com/ip-intercom-market-A15819
Key Findings Of The Study
- By type, the visible segment is expected to generate the highest revenue during the forecast period.
- By application, the commercial segment is expected to register the highest revenue during the forecast period.
- By region, North America is expected to register the highest revenue during the forecast period.
COVID-19 Impact:
COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the globe.
Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push the need for digital transformation and technologies, such as 5G, IoT, AI, and intelligent edge computing for future optimization.
The key players profiled in the report include Axis Communications, Barix, AIPhone, TCS AG, Legrand, Panasonic, Commend, Comelit Group, TOA Corporation, and Fermax. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the electrical IP intercom industry during the forecast period
The research provides a comprehensive analysis of driving factors, restraints, and opportunities for the global IP intercom market. The report explains the major driving factors and opportunities in detail to offer thorough understanding of the factors. This would help market players, investors, and new entrants to devise strategies, uncover new opportunities, discover the market potential, and achieve competitive edge.
