Home automation as a part of Industry 4.0 revolution is changing the business ecosystem as well as the living standards of the people. Keyless entry system and keyless entry system are becoming an integral part of smart homes. The trending concept of connected entities, precisely connected building, connected cars, and connected commercial complexes, is one of the primary reasons breeding the automation concept, and it is replicated in home automation in the form of wireless intercom doorbell and wireless intercom system.
A huge fleet of home security devices are being manufactured as a part of the automation wave.Certainly, the demands for residential security devices are growing in Mexico and therefore, this growing demand is subjected to help the Mexico video intercom devices market size grow. Video intercom devices are becoming a common and essential security device in most of the residential and commercial establishments. A video intercom device enables the owner of the place to take a look at the visitor before addressing them.
These video intercom devices are revolutionizing the home and premises security. Security has become a major issue among the residents in Mexico and residents are willing to install an advance security system for safeguarding their houses. Security is highly prioritized by homeowners nowadays since the concerns over theft and robberies have increased.
The Mexico video intercom devices market generated revenues worth $62.37 million in the year 2018 and the demands in the market are projected to grow at a positive CAGR of 4.12% during the forecast period 2019 to 2025.
Mexico Intercom Devices Market Application Analysis
Residential application in the Mexican video intercom device market is poised to grow at a CAGR of 5.37% through to 2025. A two way indoor and outdoor electronic element with a microphone and camera are installed as a security solution. With the help of this night vision micro camera, the residents can capture the image or video of the visitor. The microphone allows the residents to communicate with the visitors. The indoor element has an electronic switch which can be used to open or close the door. Nowadays, mobile applications are replacing the hardware that is fitted inside homes. With mobile applications, the users can see whosoever is coming into the house and can remotely open or close the door as per their wish. The advancement in the software industry is benefiting video intercom device companies as it has increased the availability of videos through smartphone applications.
Mexico Video Intercom Devices Market Competitive Landscape
The companies influencing the Mexico video intercom devices market are Zenitel, LeGrand, Panasonic Corporation, Honeywell International Inc., Aiphone Co. Ltd., Samsung, Icon Infotech Pvt. Ltd., Axis Communications AB, AxxonSoft Inc., Telex by Bosch Sicherheitssysteme GmbH, and Aviglon.
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