wireless portable intercom market is valued at USD 7,263.9 billion in 2021 and is poised to grow at a significant CAGR of 7.3% over 2022–2028. Technological innovations have played a critical role in reshaping the communication space in the last few decades. Wireless products are becoming increasingly prevalent worldwide as they reduce the need for physical labor such as excavating and help reduce equipment and labor costs. Over the last few years, advancements in video and audio technologies have increased the worldwide wireless intercom market’s overall prospects. In addition, the increased usage of the Internet of Things (IoT) throughout the forecast period is likely to drive demand for wireless intercoms. Because of its consistency and high performance, wireless intercom systems have become a popular security solution in offices worldwide. Wireless intercom systems continue to be a popular way for businesses to boost security, and this trend will likely continue. Commercial adoption is anticipated to accelerate because there are no cables or complicated installation frameworks. Wireless intercoms can be found on internet marketplaces and in physical stores, such as electronics stores. While audio wireless intercom systems are more likely to be adopted, visual wireless intercom systems are predicted to become more prevalent in the coming years. Players in the wireless intercom market are increasingly attempting to improve the features of their products and cater to end-user expectations in their drive to expand their market presence. Wireless intercoms are now widely employed as an improved security solution in the residential sector. Furthermore, wireless intercoms are utilized to monitor and track younger children’s actions– a point that could propel the wireless intercom market forward. While residential demand is likely to stay stable, the business sector is expected to offer many options as well. Long-range intercoms are expected to grow in popularity in the coming years, the wireless intercom industry is expected to have a prosperous phase in the coming years.
Recent Market Developments:
In 2020, Swiftlane, a US-based Modern and Secure entry-management solution provider introduced Swiftlane Video Intercom. This system makes use of cloud-based technology to enable robust security access to a large common space that includes guest management, package management, and wireless access control.