IP Intercom Market Insights Video

According to Cognitive Market Research, the global IP Intercom market size was USD 2511.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1004.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 753.36 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 577.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.22 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
• The direct distribution channel is currently the dominant category. This is primarily due to the increased preference among businesses and large-scale buyers to directly negotiate and purchase products from manufacturers or authorized dealers