The Intercoms Systems And Equipment Market Is Driven By The Use Of IoT Technologies
The company’s Global Market Intercoms and Business Research Equipment Intercom Report 2021 – Impact and Recovery of COVID-19
London, Greater London, Great Britain, September 6, 2021 /EINPresswire.com/ – The use of IoT-based intercom systems is expected to stimulate the market. Intercom systems based on the “Internet of Things” means the use of the Internet with key areas of networking through platforms and mid-range software that has a network connection that will allow intercom systems to send and receive data using built-in sensors, drives and other devices. The growing penetration of IoT technologies is expected to stimulate demand for intercom devices worldwide. For example, in April 2019, Hikvision, the world’s leading provider of innovative CCTV products and solutions, created a new range of vertical solutions, including specialized applications, Intelligent Traffic Management Solution (ITMS) and mobile applications for the third edition of Fire & Security India Expo (FSIE) in 2019
The global the market of intercom systems and equipment is expected to grow from $ 17.70 billion in 2020 to $ 18.63 billion in 2021 with a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the reorganization of companies and their recovery from the impact of COVID-19, which previously led to restrictive restraint measures, including social distancing, teleworking and the closure of commercial activities, which led to operational challenges. The market size of intercom systems and equipment is expected to reach 23.64 billion dollars in 2025 at a CAGR of 6%.
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The introduction of intercoms based on long-term evolution (LTE) technology has gained increasing recognition from companies in all industries. LTE is a modern IP communicator that provides high data for clear voice communication, streaming video in HD format and faster installation of the intercom. For example, in July 2019, Clear-Com introduced the digital wireless intercom system FreeSpeak II. FreeSpeak II is a five-channel, full-dual wireless intercom solution, ideal for large-scale, complex ideas or specialized applications that require team members to be offline and talk on free communication channels.
Major players covered by the intercom systems and equipment market are Hangzhou Hikvision, Aiphone Corporation, Legrand SA, Panasonic Corporation, Honeywell Security Group, Zicom Electronics Security Systems Limited, Godrej Industries Limited, Dahua Technology Co. Ltd., Comelit Group SPA, Easy gates LLC, Nidac Security Pty Ltd, Zenitel NV, Commax Co. Ltd.
TBRC’s Global Intercom System and Equipment Market Report is segmented by product type in audio, video, end-user into government, residential, commercial and IP-based, analog.
Report on the global market for intercom systems and equipment for 2021 -By product type (audio, video), by end user (government, residential, commercial), by technology (based on IP, analog), the impact and recovery of COVID-19 is one of a series of new reports from The Business Research Company, which provides an overview of the intercom systems and equipment market, forecasting the size and growth of the intercom systems and equipment market for the entire market, segments of the intercom systems and equipment market, as well as geographical locations, trends in the intercom systems and equipment market , intercom systems and drivers in the market of equipment, restrictions, revenues, profiles and market shares of leading competitors.
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