Global IP Intercom Market is Pegged to Reach Valuation of USD 2,253.68 Million By 2032 | Astute Analytica [Yahoo! Finance]
Hubbell Inc (HUBB)
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Source: Yahoo! Finance
The demand is fueled by rising urbanization and increased security concerns. Over 60% of new systems now feature smart technologies, and seamless mobile app integration is becoming standard. The market's expansion is further supported by cloud-based solutions and AI-driven analytics, catering to both residential and commercial users. New Delhi, June 03, 2024 (GLOBE NEWSWIRE) -- The global IP Intercom market was valued at US$ 1,215.59 million in 2023, the market is projected to reach US$ 2,253.68 million by 2032, growing at a CAGR of 7.1% from 2024-2032. This growth reflects a broader trend towards IP-based security solutions, including intercoms. The integration of AI and IoT has further enhanced these systems with features like face and body detection, increasingly adopted by government organizations. Additionally, the rollout of 5G technology is expected to boost the capabilities of IP intercom systems, providing faster and more reliable connections. Increased security concerns
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HUBB
Earnings
- 4/30/24 - Beat
HUBB
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- HUBB's page on the SEC website