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.
There is increasing competition among local vendors in the market studied. Due to a wide range of IP video intercom device suppliers, buyers can choose from multiple vendors. The market studied is highly fabricated. The studied market is also attracting significant investments focusing on research and development, driving the industry's growth in the region. Some major vendors operating in the region include Honeywell International Inc, Samsung Electronics Co. Ltd., Panasonic Corporation, and Doorbird, among others.
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