Europe IP Video Intercom Device and Equipment Market Overview, Analysis, Trends, Size, Outlook and Forecast to 2031

Europe IP Video Intercom Device and Equipment Market - Overview

The Europe IP video intercom device and equipment market is projected to grow at a promising rate from 2021 to 2031 (forecast period). The rising demand for video surveillance at entrance and exit points to avoid physical intrusions is expected to increase the sales of IP video intercom devices and equipment. Aside from exit and entry surveillance, the Europe IP video intercom device and equipment market is likely to be propelled by its use in a variety of industries, such as healthcare institutions where non-contact access management has garnered attention, parking spaces, and the transportation industry to improve communication and visibility.

Moreover, as new infrastructure is built in the commercial and residential sectors, the increasing emphasis on modern video surveillance combined with ease of use is expected to boost the Europe IP video intercom device and equipment market. Data centers, for example, are likely to develop rapidly since security is one of their key priorities.

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Europe IP Video Intercom Device and Equipment Market - Competitive Landscape

Leading players in the Europe IP video intercom device and equipment market are Honeywell International Inc, Panasonic Corporation, Samsung Electronics Co. Ltd., and Doorbird.

To widen their global reach, market players are pursuing marketing tactics such as alliances, technological improvements, acquisitions, investments, and R&D activities.

In March 2022, CIE introduced a new distribution collaboration to provide Carson Living, a one-app resident experience and 24/7 remote concierge service, to the European market. Carson, according to the business, works seamlessly with door intercom ranges and 2N's IP access control, as well as video surveillance and third-party access devices.

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Europe IP Video Intercom Device and Equipment Market - Trends and Opportunities

The Europe IP video intercom device and equipment market is expected to gain from the commercial sector. Office buildings that house various firms are included in the commercial sector. These buildings' entrance and departure points are outfitted with video intercom systems to prevent unauthorized personnel access while allowing necessary employee access. Moreover, video intercom systems enable workplaces to accept employees without physically granting them entrance at entry points.

A building with many blocks housing multiple businesses is a good target location for video intercom devices and equipment. IP-based solutions are expected to acquire substantial momentum as the market transitions from analog to IP. Commercial areas are slowly moving away from outmoded two-wire analog wiring and away from old access control systems. These aspects are expected to promote the expansion of the Europe IP video intercom device and equipment market.

Furthermore, the increasing number of commercial buildings is projected to create revenue-generation opportunities in Europe IP video intercom device and equipment market. Commercial building development was momentarily halted due to COVID-19 regulations; however, it has regained speed and is projected to skyrocket during the forecast period.

Countries such as the United Kingdom, Germany, Italy, and France, among others, have experienced rapid expansion and are projected to generate a considerable potential for the use of IP video intercom systems over the projection period.

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Europe IP Video Intercom Device and Equipment Market - Regional Landscape

The Europe IP video intercom device and equipment market outlook looks positive due to the deployment of security systems as a result of the growing prevalence of crime throughout Europe. Since individuals were confined in their houses during the pandemic era, lockdown measures were implemented, which reduced the chance for home security breaches. However, once limits were relaxed, crime rates rose once more.

Despite police and government attempts to reduce them, robbery, theft, and housebreaking incidents have been much higher across Europe. As per the French Ministry of Interior, over 500,000 incidents were reported to authorities in December 2021 alone. The data demonstrate the high prevalence of home-related crimes in European nations. The incidence of crime in the residential sector is pushing the implementation of IP video intercom devices, as informed residents are prepared to spend in home security systems to avoid such events. Such factors are expected to propel the Europe IP video intercom device and equipment market.

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