The Wireless Intercom by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wireless Intercom , The wireless intercom market size has grown strongly in recent years. It will grow from $7.29 billion in 2023 to $7.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to introduction of digital wireless intercom systems, growing demand for communication solutions in event production, adoption of wireless intercoms in broadcast and media production, expansion of security and surveillance applications, increasing use of wireless intercoms in hospitality and tourism.
The wireless intercom market size is expected to see strong growth in the next few years. It will grow to $10.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to integration of wireless intercoms with iot devices, surge in demand for wireless intercoms in healthcare facilities, implementation of wireless intercoms in smart cities infrastructure, adoption of wireless intercoms in industrial and manufacturing settings, growing need for flexible communication solutions in remote work environments. Major trends in the forecast period include development of wireless intercoms with advanced encryption features, shift towards cloud-based wireless intercom solutions, increasing use of wireless intercoms in emergency response systems, emphasis on energy-efficient and eco-friendly intercom technologies, integration of voice recognition and ai in wireless intercom systems.
The growing demand for security cameras is expected to propel the growth of the wireless intercom market going forward. Security cameras, also called surveillance cameras or CCTV (closed-circuit television), are devices used to monitor and record activities in and around a specific area for security and surveillance purposes. Security cameras use a wireless intercom system for two-way communication between individuals at different locations or within a building to verify the visitor’s identity before granting access. For instance, in May 2021, according to the Bureau of Labor Statistics, a US-based government agency, there were 85 million surveillance cameras installed in the United States. Therefore, the growing demand for security cameras is driving the growth of the wireless intercom market.
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The wireless intercom market covered in this report is segmented –
1) By Type: Outdoor Intercom, Indoor Intercom
2) By Technology: Wi-Fi Band, Radio Frequency
3) By Radio Frequency: Single, Dual, Multi
4) By Application: Small And Medium Enterprises (SMEs), Large Enterprises, Hospitality, Security And Surveillance, Transportation And Logistics, Other Applications
Technological advancements are shaping the wireless intercom market. Major companies operating in the wireless intercom are focused on developing new technological solutions to strengthen their position and meet consumer demand. For instance, in December 2021, Videx Security Ltd., a UK-based manufacturer, and supplier of access control systems, introduced a new range of 4G GSM intercom systems for advanced security and wireless communications. The 4G intercoms can connect to 4G, 3G, and 2G networks, enabling audio calls to any phone number with HD audio over VoLTE. Dial to open coded access, and proximity access control is further features. Other features include free access periods, access control time bands with access levels to restrict some users’ access to certain hours and days, and event logs that can be remotely downloaded and viewed online, providing a convenient way to monitor system activity.
The wireless intercom market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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