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The global market for video intercom devices and equipment is one of the markets with growing demand in the security and surveillance sector. It is currently on the rise and is valued at $XX billion as of 2014. The global PVC resins market is estimated to grow at a CAGR of XX% through the forecast period of 2015-2020 owing to the drift of door entry systems from audio to video mode of communication.
The demand of video intercom devices in residential and commercial buildings is increasing over the years, which positively drives the market for the same. Though the residential applications are expected to increase, commercial applications will be rapidly expanding with improving economies that lead to more investments from the private sector and thus exhibit the fastest growth during the forecast period. Government applications are likely to show slow growth due to the austerity acts being imposed for cost cutting, especially in regions such as Europe.
APAC leads the market for video surveillance systems worldwide as of 2014, followed by Americas and Europe. The global market for video surveillance systems is forecast to grow at over 12% owing to the increasing requirement for surveillance in many public places as well as residential areas throughout the world.
The global market for video intercom devices and equipment in 2014 is spread throughout the Americas, Europe, Asia-Pacific and Rest of the world. APAC and the Americas lead the global video intercom devices and equipment market in 2014. The unit shipments on a global scale are estimated to grow at a CAGR of more than 7% during the forecast period. The technological advances such as rise in integration with building automation and the drift of consumers towards the hands-free or portable video intercom devices are responsible for the transition from audio to video door phones or video intercom devices.
The launch of low-priced Chinese audio intercom devices is propelling the manufacturers throughout the world to promote more video intercom solutions in order to cope up with the fierce competition, thus contributing to the market growth.
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