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Door Phone Market Research 2020-2025 Report by Global Size, Share, Trends, Type, Application

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Rahul Sharma
Door Phone Market Research 2020-2025 Report by Global Size, Share, Trends, Type, Application

Door Phone Market size was accounted for USD 3.4 billion, in 2018. It is estimated to grow at a CAGR of 5.7% during the forecast period, 2019 to 2025. Nowadays, security is one of the major concerns among people at commercial and residential spaces. This device helps in controlling the access of unauthorized people and provides home security. This device is preferred by the management of large societies to provide security and intercom services, both. These factors are expected to drive the demand for this product over the forecast period.

 

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The key driving factors responsible for the growth of Door Phone market :

 

Numbers of metropolitan cities across the globe are increasing rapidly. People from villages and small towns are migrating to these cities in search of employment. Therefore number of independent houses is decreasing rapidly with an increase in number of apartments and multistoried buildings due to lack of space. This factor has boosted the demand for security and surveillance devices across different regions. Wireless door phones provide security at multiple places such as at the society entrance, at the passage or lobby, and at the main door. In case of any emergency, the entry and exit can be controlled through a central unit. These features are expected to further boost the demand for these devices over the forecast period.

 

Rising incidences of theft and burglary across the globe are accelerating the demand for video door phones. A security alarm starts ringing immediately as soon as the device detects any unauthorized access. This feature is expected to drive the need for such devices at residential as well as commercial spaces from 2019 to 2025. Technical problem may occur sometimes, which causes the alarm to ring even when there is no incidence of theft or burglary happening. This may create trouble to the users. This factor is anticipated to adversely affect the growth of video door phones market during the forthcoming years.        

 

Product Insights

On the basis of product, the door phone market is further divided into audio door phones and video door phones. In 2018, the audio device segment held the largest market share of 54.9% of the overall revenue. This device is used at majority of the commercial places such as ticket counters, banks, hotels, and offices. User can easily see a person through glass windows and doors. This need is satisfied by the usual audio device. Therefore, there is high requirement of audio door phones at such places.

 

The segment of video door phones is anticipated to grow at the fastest CAGR of 6.5% over the forecast period. The growth is attributed to rising demand for these device at large societies to regulate the entry and exit of visitors. Moreover, network video door phones are gaining high popularity because it can be connected to a central security unit which provides all round security to the house. Furthermore, technological advancements, regulations and policies of government, and infrastructural development are some of the factors expected to contribute to the market growth from 2019 to 2025.

 

Application Insights

The residential application segment held the largest revenue share which accounted for USD 2.5 billion in 2018. Personal security and safety of family members are the most important factors of concern among modern consumers. In addition, numbers of residential buildings are increasing rapidly with time. This is expected to accelerate the demand for this device from 2019 to 2025. Families with children and senior citizens highly prefer this product as it provides complete security. Furthermore, features such as security alarm, recording facility and easy installation process are expected to boost the sales of this device from residential sector.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-door-phone-market

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