Door Phone Market Growth Prospects with CAGR of 5.7% By 2025 “The global door phone market size is anticipated to reach USD 5.1 billion by the end 2025. The market is anticipated to grow at a CAGR of 5.7% over the forecast period, 2019 to 2025.�
The global door phone market size is anticipated to reach USD 5.1 billion by the end 2025. The market is anticipated to grow at a CAGR of 5.7% over 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. This device is needed where the entry of a person has to be regulated such as at malls, stores, banks, offices, hotels, apartments, bungalows, villas, and other such places. Moreover, there is high demand for such products among the people who physically disabled or handicapped as these devices provide convenient door opening facility. Further, highend video door phones are gaining high popularity among consumers across the globe as they provide a feature where user can directly converse with the person outside the house even when the main door is closed. This feature is expected to boost the demand for such high-end products over the forecast period. 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. In addition, a security alarm starts ringing immediately as soon as the device detects any unauthorized access. Moreover, biometric authentication is a newly added feature which gives entry strictly to authorized person. More such advanced features are video recording, artificial intelligence (AI), and face recognition are expected to further drive the demand for door phones over the forecast period.
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