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Video Door Phones Market to Reach $9.5 Billion, Globally, by 2031 at 7.8% CAGR: Allied Market ResearchSurge in adoption of video door phones in non-residential and government applications for communication and security purposes, and the associated benefits and integration of advance technologies in video door phones drives the growth of the market. PORTLAND, Ore., Feb. 28, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Video Door Phones Market by Type (Wired and Wireless], End User (Non-residential, and Residential), Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According to the report, the global video door phones industry generated $4.6 billion in 2021, and is estimated to reach $9.5 billion by 2031, witnessing a CAGR of 7.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.  Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/9832 Drivers, Restraints, and Opportunities The surge in demand for security and surveillance drives the growth of the global video door phones market. On the other hand, the high cost associated with video door phones impedes the growth to some extent. However, adoption of video door phones in the non-residential sector is expected to create lucrative opportunities in the industry. Covid-19 Scenario
The Wireless Video Door Phones Segment to Rule the Roost By type, the wireless video door phones segment held the major share in 2021, garnering around half of the global video door phones market revenue. The same segment would also showcase the fastest CAGR of 8.26% during the forecast period. Organizations continue to place a high level of faith in video door phones to increase security, and this trend is expected to continue in the future years. Commercial adoption is expected to gain momentum because there are no cables or complicated installation frameworks. Wireless video door phones are accessible in both online and offline marketplaces, thus driving the segment growth. The Non-Residential Segment to Maintain its Dominance during the Forecast Period By end user, the non-residential segment contributed to the highest share in 2021, accounting for around half of the global video door phones market revenue. The same segment would also showcase the fastest CAGR of 8.13% throughout the forecast period. Video door phones are widely used in non-residential sector for offices, buildings, or facilities around the world. In addition, video door phones are widely adopted to help identify and grant visitor access, alert security, and broadcast announcements in non-residential sectors.
Asia-Pacific Garnered the Major Share in 2021 By region, Asia-Pacific garnered the highest share in 2021, holding nearly one-third of the global video door phones market revenue in 2021, and is projected to retain its dominance by 2031. The same region would also portray the fastest CAGR of 8.62% during the forecast period. The surge in presence of video door phones producers like Hikvision, Samsung, Panasonic, and others. In addition, the rapidly expanding residential sector has increased demand for video door phones, which is anticipated to accelerate market expansion of Asia-Pacific. Leading Market Players
The report analyzes these key players in the global video door phones market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player. Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/video-door-phones-market/purchase-options Key Benefits For Stakeholders:
Video Door Phones Market Key Segments: Type
End User
By Region
Buy this Research Report @ https://bit.ly/3SFwKi8 Trending Reports in Semiconductor Industry (Book Now with 10% Discount): Wireless Security Cameras Systems Market Trends, Analytics and Statistics Video Wall Market Manufacturer, Report to 2031 Wifi Video Doorbell Market Size, Share | Industry Trends Door Access Control Readers Market Insight and Trends 2031 Electronic Door Locks Market Size, Share | 2023 - 2031 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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