Europe IP Video Intercom Devices and Equipment Market – Growth, Trends, Impact of COVID-19 and Forecast (2022)

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The European IP video intercom devices and equipment market is expected to grow at a CAGR of 8.97% during the forecast period 2022-2027. The deployment of IP video intercom services is directly linked to the increased need for video surveillance at entry and exit points to prevent physical breaches.

New York, May 03, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Europe IP Video Intercom Device and Equipment Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06272913/?utm_source=GNW
Apart from entry and exit monitoring, the IP video intercom market is driven by its application in various sectors including healthcare facilities where contactless access control has gained traction, parking areas and sector transport to optimize visibility and communication.

Highlights
As new infrastructure emerges in the residential and commercial sectors, the focus on advanced video surveillance along with ease of use is expected to drive the growth of the market studied. Data centers, for example, are expected to experience high growth rates since security is one of their primary concerns.
For example, according to Honeywell’s Rethinking Buildings Post-COVID-19 survey, which surveyed Germany alongside three other countries, 55% of respondents felt they are likely to invest in upgrading. level and improvisation of their global security solutions. Additionally, 74% of data center facility managers indicated that physical site security and access control are a top concern for them. This strong trend to strengthen the security of the installation physically underlines the strong potential for adoption of IP video intercom solutions in such installations.
The focus on contactless IP video intercom systems has gained popularity following the COVID-19 pandemic. These systems can capture gesture recognition. Security trends, such as the ability to grant remote and contactless access, have gained popularity in public spaces. Technological advancements in this area have led to IP video intercom systems being able to offer call systems by raising your hand to the device to initiate a call. Such systems reduce the risk of pandemic transmission and decrease the need for environmental cleaning.
During the COVID-19 pandemic, customers started upgrading analog video intercoms to IP video systems, which drove the market research. Market vendors like Hikvision are increasingly using this trend and have introduced innovative two-wire IP video intercom solutions across Europe.
However, security issues related to the deployment of IP-based video intercom devices in European cities are one of the major factors restraining the growth of the market studied. Like all other connected technologies, IP-based video intercom systems also rely on data transmission networks and are therefore vulnerable to breaches. Legacy systems and new age digital technologies are forced to work together. Without consistent security policies and procedures to govern their operational framework, they expose the entire ecosystem to hidden security vulnerabilities.

Main market trends

Increase in home security concerns due to growing crime rate to drive growth

The adoption of security solutions is directly linked to criminal events across Europe. The pandemic era led to lockdown protocols that shut down the possibility of home security breaches because people were confined to their homes. However, rates have recovered as restrictions eased.
Across Europe, the crime of burglary, theft and burglary has been dramatically high despite government and police efforts to stem it. For example, according to the French Interior Ministry, in December 2021 alone, more than 400,000 cases were reported to police and authorities. Additionally, burglaries were the second most reported crime for the same month, with 50,422 cases reported.
The data shows the large number of home-related crimes prevalent in European countries. Simultaneous crime occurrence and home security crime rates are driving the deployment of IP video intercom cameras in the residential sector as conscious citizens are willing to invest in home security solutions and avoid such incidents.
The European Union Agency for Network and Information Security (ENISA) is a center of expertise in network and information security for the EU. The organization helps EU member states implement relevant EU legislation with the aim of improving the current state of cybersecurity in smart home environments.

Commercial establishments to drive demand for IP video intercom devices and equipment

The commercial sector includes office buildings that can accommodate several organizations inside. Entry and exit points to these buildings are equipped with video intercom systems to restrict unwanted access to personnel and allow access to those who are needed. Additionally, video intercom systems allow offices to authorize delivery personnel without having to physically authorize their access to entry points.
Building with multiple blocks housing more than one business is the ideal target area for video intercom devices and equipment. As the market progresses from analog to IP, IP-based solutions are expected to grow in popularity. It can be noted that commercial spaces are moving away from aging access control systems and away from using outdated two-wire analog wiring. These factors are expected to boost the growth of the market studied in this segment.
Newly built commercial spaces are already making room for the installation of IP-based video intercom systems; however, the existing framework for analog settings may prove to be a pain point limiting its smooth adoption in the same. Due to the need to replace wired connections with whole-building upgrades to connect to the Internet, adoption in existing buildings can be fraught with constraints.
However, technological innovation like Hikvision’s two-wire IP video intercom system is expected to rise to the challenge and positively influence the growth of the market. Moreover, the growing number of commercial buildings is a key indicator of the growing market potential. Commercial building construction was temporarily halted due to COVID-19 restrictions, but has picked up steam again and is expected to increase significantly in the post-pandemic era.
Countries like Germany, UK, France, and Italy, among others, have seen strong growth and are expected to create significant opportunities for the adoption of IP video intercom systems over the period. forecast.

Competitive landscape

There is growing competition between local suppliers in the market studied. Due to a wide range of vendors of IP video intercom devices, buyers have the flexibility to choose from multiple vendors. The market studied is highly manufactured. The market studied is also attracting significant investments focused on research and development, which is driving the growth of the industry in the region. Some of the major vendors operating in the region include Honeywell International Inc, Samsung Electronics Co. Ltd., Panasonic Corporation, and Doorbird, among others.

March 2022 – CIE has announced that it is bringing Carson Living, a one-app resident experience and 24/7 remote concierge service, to the UK and European market through a new distribution partnership. According to the company, Carson fully integrates with 2N’s ranges of IP access control and door intercoms as well as other third-party access devices, video surveillance and online payment brands.
November 2021 – DoorBird introduced the first D1812 hybrid IP intercom for upgrading DoorKing telephone intercom systems. The D1812 hybrid upgrade includes many high-tech features, configurable remotely via the free DoorBird app and with no license fees. Some of the new features include free cloud check-in, Wi-Fi enabled, 2.4GHz, geo-fencing for automatic gate opening when returning home, etc.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06272913/?utm_source=GNW

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