The Intercoms Systems And Equipment Global Market Report 2023 by The Business Research Company, provides intercoms systems and equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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As per The Business Research Company’s Global Market Report for 2023 on Intercom Systems and Equipment, the anticipated trajectory reveals a notable expansion, surging from $3.36 billion in 2022 to an estimated $3.66 billion in 2023, manifesting a commendable compound annual growth rate (CAGR) of 8.9%. The global landscape, however, confronts challenges emanating from the Russia-Ukraine conflict, exerting a short-term impediment on the post-COVID-19 economic resurgence. The geopolitical unrest has ushered in economic sanctions, commodity price escalations, and supply chain perturbations, triggering inflation across diverse sectors. Despite these headwinds, the forecast anticipates a burgeoning market, projecting the global intercom systems and equipment sector to reach $5 billion by 2027, maintaining a robust CAGR of 8.1%.
Use of IoT based intercom systems is projected to drive the market. IoT based intercom system is the use of internet with key areas of networking through platforms and middleware, which has network connectivity that will allow intercom systems to send and receive data through the use of embedded sensors, actuators, and other devices. The rising adoption of IoT technologies is expected to drive the demand for intercom devices globally.
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The intercoms systems and equipment market is segmented:
1) By Product Type: Audio, Video
2) By End-User: Government, Residential, Commercial
3) By Technology: IP Based, Analog Based
Top 5 Major Players:
Noteworthy technological advancements are steering the industry towards sustained growth, with the implementation of Long-Term Evolution (LTE) technology-based intercoms gaining substantial traction. Renowned companies across diverse sectors are embracing LTE, a cutting-edge IP communicator that facilitates high-data throughput for crystal-clear voice communication, full HD video streaming, and expeditious intercom installation. Illustratively, in August 2021, NTT DATA Corporation, a leading Japanese consulting and information technology entity, heralded the introduction of NTT’s Private 5G platform (P5G), a pioneering Private LTE/5G Network-as-a-Service globally accessible. This innovative platform boasts an end-to-end service stack extending beyond the network, empowering Chief Information Officers and Chief Digital Officers to harness the potential of private 5G for strategic problem-solving and innovation, ensuring future-proof business operations. NTT P5G, anchored in design thinking principles, seamlessly amalgamates security, control, and privacy by design, resulting in enhanced performance, reduced costs, and a discernible return on investment. The convergence of cutting-edge technology and strategic design thinking positions NTT P5G at the vanguard of transformative solutions, poised to shape the future of business communication and connectivity.
The intercoms systems and equipment market report table of contents includes:
1. Executive Summary
2. Intercoms Systems And Equipment Market Characteristics
3. Intercoms Systems And Equipment Market Trends And Strategies
4. Intercoms Systems And Equipment Market – Macro Economic Scenario
5. Intercoms Systems And Equipment Market Size And Growth
.
26. Africa Intercoms Systems And Equipment Market
27. Intercoms Systems And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intercoms Systems And Equipment Market
29. Intercoms Systems And Equipment Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Intercoms Systems And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Intercoms Systems And Equipment Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Intercoms Systems And Equipment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 27: Hangzhou Hikvision Financial Performance
Table 28: Aiphone Corporation Financial Performance
Table 29: Legrand SA Financial Performance
Table 30: Panasonic Corporation Financial Performance
Table 31: Honeywell Security Group Financial Performance
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