Door Phone Market Size Is Anticipated To Reach USD 5.1 Billion By 2025 : Grand View Research Inc.
San Francisco, 19 November 2019: The Report Door Phone Market Size, Share & Trends Analysis Report By Product (Audio Door Phones, Video Door Phones), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025 The global door phone market size is expected to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. The market is driven by consumer spending on security and safety products for home, along with rise in demand from the multi storage residential buildings. Moreover, cost of keeping manual security at every place in a premise is much costlier as compared to the automated security devices, thereby resulting in increased sale of door phones in the market. The market is driven by increasing number of smart and automated homes in Asia Pacific, along with availability of cost effective products from various regional manufacturers. It can also be integ