(MENAFN- America News Hour) “The report on
Wireless Intercom Market
was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.
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Wireless Intercom Market: Overview The global wireless intercom market was valued at
US$ 3.8 Bn
in 2019 and is expected to expand at a CAGR of
11.5%
from 2020 to 2030, crossing
US$ 12.4 Bn
by the end of the forecast period The global wireless intercom market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region expected to grow at a higher rate during the forecast period. All businesses are affected by the increasing lockdown situation due to COVID-19. Hence, the demand for wireless intercom solutions is expected to decrease with the high adoption of the work from home model across all technical companies. Advanced wireless intercom solution for the residential sector is the easiest way of providing security with advanced audio and video based surveillance systems. Solution providers offer video camera features in the intercom system to record video footage of visitors, which may help to track and find criminals. Video wireless intercom solutions help to enhance the security levels by reducing the number of security professionals to monitor and provide communication facilities in remote areas. Most customers use a video wireless intercom system for baby monitoring, which creates demand for advancement in design solutions for residential use. The increasing demand for audio and video surveillance in commercial and residential sectors is thus, expected to drive the demand for wireless intercom solutions
Wireless Intercom Market: Segmentation The report offers detailed segmentation of the wireless intercom market based on technology, enterprise size, and industry In terms of technology, radio frequency held higher market share in 2019, contributing maximum revenue in the market. This segment is expected to rise at a steady CAGR during the forecast period 2022-2031. The Wi-Fi band segment is predicted to rise at a significant CAGR during the forecast period. The CAGR of the Wi-Fi band segment is high, owing to growing demand for advanced connectivity devices in wireless intercom solutions across the world. Based on enterprise size, the small & medium enterprise segment is expected to witness substantial growth during the forecast period, due to growing trend among organizations to ensure the availability of wireless intercom services to enhance the communication and surveillance solution for commercial premises In terms of industry, security & surveillance was the highest revenue generating segment,
which contributed majority of global revenue in the wireless intercom market. This is the result of unceasingly growing number of multinational companies (MNCs) around the globe; globalization of the supply chain has also led to a rise in need for effective long-distance communication. Most wireless intercom solutions present in the market can be integrated with security and surveillance systems, thereby offering improvement in the scalability of the surveillance ecosystem. The 'Frequency Hopping Spread Spectrum' (FHSS) technique involves the switching of communication frequency every second, fostering privacy (private conversations). New technologies, such as encryption techniques, are emerging in the wireless intercom market due to which, customers are replacing old intercoms with new ones incorporating latest technologies. Moreover, new wireless intercom base stations can be installed with existing wired intercom systems in order to use wired intercoms in a wireless mode. Governments are expected to adopt wireless intercom to connect with different government offices to increase production and operation during the lockdown conditions in 2020
Wireless Intercom Market: Competitive Dynamics The global wireless intercom market comprises large as well as mid-sized manufacturers and solution providers who are currently focusing on introducing advanced devices and integrating new capabilities within devices to enable wireless intercom solutions across company boundaries, and meet the need to manage video and audio-based intercom solutions Moreover, solution providers are adopting partnerships and acquisition strategies to proficiently compete in the regional market Some of the significant players in the global wireless intercom market include – Aiphone Co Ltd ALE International Clear-Com Ltd. COMMAX Co., Ltd. Commend International GmbH Grandstream Networks, Inc. Honeywell International Inc. Legrand Motorola Solutions Inc. Panasonic Corporation Riedel Communications GmbH & Co. KG RTS Intercom (Bosch Security Systems, Inc.) Samsung Electronics Co Ltd Sena Technologies, Inc. TAMURA Corporation Telephonics Corporation VTech Holdings Limited. Wisycom Srl Zenitel Group Zicom Electronic Security Systems Limited
Wireless Intercom Market – Scope of the Report
A latest study collated and published analyzes the historical and present-day scenario of the global wireless intercom market to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the wireless intercom market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the wireless intercom market will progress during the forecast period 2020-2030.
The report offers intricate dynamics about the different aspects of the wireless intercom market that aids companies operating in the market in making strategic development decisions. The study also elaborates on the significant changes that are highly anticipated to configure the growth of the wireless intercom market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the wireless intercom market, and estimate statistics related to the market progress in terms of value (US$ Mn).
The study covers a detailed segmentation of the wireless intercom market, along with key information and a competitive outlook. The report mentions the company profiles of key players that are currently dominating the
wireless intercom market, wherein various developments, expansions, and winning strategies practiced and executed by leading players have been presented in detail.
Wireless Intercom Market – Segmentation
The research study assesses the wireless intercom market on the basis of technology, enterprise size, industry, and region. Based on technology, the global wireless intercom market has been categorized into Wi-Fi band, radio frequency, and others. Among these technologies, Wi-Fi band has been further segmented into 1.8 GHz, 2.4 GHz, and 6 GHz. Radio frequency has been classified into RF channel and RF band. In terms of enterprise size, the global wireless intercom market has been split into small & medium enterprises and large enterprises. Based on industry, the global wireless intercom market segment has been divided into retail, event management, hospitality, security & surveillance, transportation & logistics, and others. Revenue data is estimated for all the above mentioned segments.
Key Questions Answered in the Report on Wireless Intercom Market
The report provides detailed information about the wireless intercom market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the wireless intercom industry, so as to help them make successful strategies and take target-driven decisions.
How are key market players successfully earning revenue out of the advantages of wireless intercom? What are the various trends in the global wireless intercom market across the world and key market opportunities? What will be the revenue share of the global wireless intercom market in terms of different technologies? What will be the Y-o-Y growth of the wireless intercom market between 2020 and 2030? What are the competitive strategies of key players operating in Brazil, the U.S., and the global market? Which industry is expected to generate maximum revenue in wireless intercom during the forecast period?
Research Methodology – Wireless Intercom Market The research methodology adopted by analysts for combining the
wireless intercom market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the wireless intercom market.