Global Door Phone Market . The report will give the past market trends from 2015-2020 and forecast from 2021 to 2027 by considering 2020 a differently. The report forecast that market for Door Phone will reach to XX Bn by 2027 and has given the regional break up by countries.
Global Door Phone Market was valued at US$ 3.95 Bn in 2020 and is expected to reach US$ 6.7 Bn by 2027, at a CAGR of 7.85% during a forecast period.
Global Door Phone Market Overview:
The global door phone market was valued at us$ 3.95 Bn in 2020. The increased demand for safety devices such as door phones is being driven by growing safety concerns in residential and business settings due to unwanted access. When combined with an access control system, it not only improves home security but also provides a lot of convenience. Many residences can be linked together using this device to serve as both an intercom and a safety device, saving money on the expense of installing and maintaining many devices.
The report has covered the market drivers and different strategies implemented by key players for expansion and to retain their client base by focusing on market leaders, market followers and new entrants in the market or region. The drivers of the market and revenue of each key players in each segment are analysed to give deep insights in brief to make user understand the market scenario in less time. While forecasting for each year, rational behind forecast are given that are supposed to drive or restrain the market. Focus on each players and their sales by unit by brand make this report unique in the industry.
The Door Phone market faced several challenges in 2020 including Covid lock-down and sudden decrease in demand however, the demand is expected to normalize in 2021 and is expected to pick up in 2022, which is covered in the report.
The report has profiled key players in the market by their size and presence by regions. Since, there are limitation to profile all the kay player, representation is given to companies by region, sales revenue, expenditure on technology, expansion plans, investments received, involved in M&A.
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