Europe IP Video Intercom Device and Equipment Market Size

Europe IP Video Intercom Device & Equipment Market Analysis

The Europe IP Video Intercom Device and Equipment Market size is estimated at USD 1.18 billion in 2024, and is expected to reach USD 1.8 billion by 2029, growing at a CAGR of 8.97% during the forecast period (2024-2029).

The deployment of IP video intercom services are directly related to the increased need for video surveillance at entry and exit points to prevent physical breaches. Besides entry and exit surveillance, the IP video intercom devices market is driven by its application across various sectors, including healthcare settings where non-contact access control has gained traction, parking areas, and the transportation sector to optimize visibility and communication.

• As new infrastructure comes up in the residential and commercial sectors, the high focus on advanced video surveillance alongside the ease of convenience is anticipated to drive the growth of the market studied. Data centers, for instance, are expected to witness high growth rates since security is one of their primary concerns.
• For instance, according to the Rethinking Buildings Post-COVID-19 Survey by Honeywell, which surveyed Germany alongside three other countries, 55% of respondents opined that they are likely to invest in upgrading and improvising their overall security solutions. Furthermore, 74% of data center facility managers indicated that physical site security and access control are a major concern for them. This large inclination toward strengthening the facility's security physically outlines the high potential for adopting IP video intercom solutions in such facilities.
• The focus on touchless IP video intercom systems has gained significant traction following the COVID-19 pandemic. These systems can capture gesture recognition. Safety trends like the ability to grant remote and contactless access have gained popularity across public spaces. Technological advancements in this field have led IP video intercom systems to offer call systems by raising the hand toward the device to initiate a call. Such systems reduce the risk of transmission of the pandemic and decrease the need to clean the environment.
• During the COVID-19 pandemic, customers began upgrading analog video intercoms to IP video systems, driving the market study. Market vendors like Hikvision are increasingly utilizing this trend and introduced innovative two-wire IP video intercom solutions across Europe.
• However, security concerns over the deployment of IP-based video intercom devices in European cities are one of the primary factors restraining the growth of the studied market. Like any other connected technologies, the IP-based video intercom systems also depend on networks for data transmissions and are thus, vulnerable to breaching. Legacy systems and new-age digital technologies are forced to work together. They expose the entire ecosystem to hidden security vulnerabilities without consistent security policies and procedures to govern their operational framework.