IP Intercom Market Size, Share, Trends, Growth and Forecast 2030

IP Intercom Industry Prospective:

The global IP intercom market size was evaluated at $2600 million in 2022 and is slated to hit $4940 million by the end of 2030 with a CAGR of nearly 8.41% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The IP intercom market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the IP intercom industry report explores the investor and stakeholder space to help companies make data-driven decisions.  

IP Intercom Market: Overview

An IP intercom is an equipment offering 2-way audio communication between various locations. Furthermore, the equipment can connect directly with each other through a local area network connection or via a computer server. It is web-connected equipment designed for transferring audio and video files. In addition to this, the IP intercom can be easily configured without requiring rewiring and cables. For the record, it is video and audio transmitting equipment connecting to the web. Apart from this, the IP intercom makes use of internet network protocols in transferring video as well as audio signals. These devices offer secured communications for residential constructions, healthcare units, industrial sites, and educational institutions.  

Key Insights

• As per the analysis shared by our research analyst, the global IP intercom market is projected to expand annually at the annual growth rate of around 8.41% over the forecast timespan (2023-2030)
• In terms of revenue, the global IP intercom market size was evaluated at nearly $2600 million in 2022 and is expected to reach $4940 million by 2030.
• The global IP intercom market is anticipated to record massive growth over the forecast period owing to the use of IP intercoms has surged in commercial and government sectors.
• In terms of type, the invisible segment is slated to register the fastest CAGR over the anticipated period.
• On the basis of application, the commercial segment is slated to dominate the global industry share over the forecast timespan.
• Region-wise, the Asia-Pacific IP intercom industry is projected to register the highest CAGR during the assessment timeline.

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IP Intercom Market: Growth Factors

Rise in penetration of products in commercial, government, and residential sectors to scale up the global market demand 

The use of IP intercoms has surged in commercial and government sectors, thereby steering the expansion of the global IP intercom market. A prominent increase in the penetration of IP intercom in the electronics sector will embellish the global market trends. An increment in the demand for security of various residential & commercial buildings will prompt the expansion of the global market. Escalating demand for products in retail stores, factories, offices, and warehouses will steer the expansion of the market across the globe. A rise in the number of public infrastructure projects in both emerging countries and developed economies will further expand the scope of demand for IP intercoms in the various end-use sectors. Firms are becoming aware of the benefits of IP intercoms and this has prompted the demand for the product in the upcoming years. In addition to this, an increase in the use of the product in construction sites, gyms, schools, offices, solar farms, farming, hotels, and car parking will boost the global market demand.

Furthermore, new product launches are projected to spearhead the expansion of the global IP intercom market across the globe. For instance, in March 2019, Hikvision, a key global supplier of new video surveillance solutions, launched a second generation of IP video intercom systems. Moreover, the product offers end-users a secure living environment through high-definition image quality and an easy operation interface. Another instance is Axis Communications which in February 2021 introduced a 2-way network video intercom for surveillance in dark and demanding conditions.  Such initiatives will contribute majorly towards the global market size in the upcoming years.

IP Intercom Market: Restraints

An increase in device prices can prove to be a big hindrance to the global industry surge

A rise in equipment costs with fluctuations in the prices of raw components can put brakes on the global IP intercom industry expansion. In addition to this, disruption in supply chain activities can further impede the global industry surge in the years ahead.  

IP Intercom Market: Opportunities

Deployment ease and the need to prevent thefts, vandalism, and burglary can open new growth opportunities for the market globally

Ease of installation and the need to prevent crimes through offering access to authorized persons will open new growth avenues for the global IP intercom market. In addition to this, IP video & audio intercom systems offer effective access control to various businesses, thereby increasing its popularity across the globe. The rise in demand for efficient data capture, scalability, and performance improvement for various businesses will scoop the expansion of the market across the globe.  

IP Intercom Market: Challenges

Less synchronization of the product with other smart devices can prove to be a challenging task for the global industry

Low audio quality owing to the use of analog technology makes communication less efficient and this can pose a huge challenge for the global IP intercom industry. In addition to this, the lack of integration of the IP intercom devices with other smart equipment as well as security tools can further challenge the growth of the industry in the coming years.  

IP Intercom Market: Segmentation

The global IP intercom market is sectored into type, application, and region.  

In type terms, the global IP intercom market is segregated into visible and invisible segments. In addition to this, the invisible segment, which gathered nearly two-thirds of the global market revenue in 2022, is anticipated to record a significant growth rate over the forecast timespan. The growth of the segment in the ensuing years can be credited to numerous benefits of invisible intercoms such as high security, enhanced video & audio quality, scalability, remote access, ease of deployment, cost-efficiency, and integration with other systems.

Based on the application, the global IP intercom industry is divided into commercial, residential, government, industrial, and others segments. Furthermore, the commercial segment, which accounted for more than 52% of the global industry share in 2022, is set to contribute majorly towards the global industry revenue over 2023-2030. The segmental expansion in the coming eight years can be ascribed to the rise in the use of smart IP intercoms in various commercial applications. Apart from this, the growing need for enhancing the efficiency and security of commercial premises will prompt the demand for products in the commercial segment.  

IP Intercom Market: Report Scope

IP Intercom Market: Regional Insights

North America to be a global leader in the IP intercom market over the forecast timeline 

North America, which contributed more than 42% of the global IP Intercom Market share in 2022, is expected to lead the regional market space in the coming years. The market growth in the sub-continent over the prognosis timeframe can be subject to an increment in IP intercom application in residential and commercial constructions in countries such as the U.S. In addition to this, the rise in the number of IP intercom ventures with a surge in digitization across various business verticals in the sub-continent will catapult the regional market trends. Moreover, the U.S. and Canada are predicted to be the major regional revenue pockets of the market in the region.  

Furthermore, the IP intercom industry in Asia-Pacific is expected to register the highest CAGR in the assessment timeline. The major growth factors of the industry in the region include technological breakthroughs, a rise in the acceptance of AI, and favorable government laws supporting the use of IP intercom in various end-use sectors. Moreover, China and Japan are likely to be key regional revenue growth drivers of the industry in the Asia-Pacific zone.  

IP Intercom Market: Competitive Space

The global IP intercom market profiles key players such as:

• RTS Intercom Systems
• Axis Communications
• Commend International GmbH
• GAI-Tronics
• TCS AG
• Comelit Group S.p.A.
• Hikvision
• TOA Corporation
• Koontech
• Siedle
• Panasonic Corporation
• 2N TELEKOMUNIKACE
• Koontech
• Guangdong Anjubao
• Bird Home Automation GmbH
• Legrand S.A.
• Fermax Electronica
• Barix AG
• Urmet
• Canon Inc.
• Aiphone Company Limited

The global IP intercom market is segmented as follows:

By Type

• Visible
• Invisible

By Application

• Commercial
• Residential
• Government
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa