The DECT phones are electronic devices that are utilized for communication in several areas likewise offices, houses, public places, and numerous others. The DECT system comprises of a base station and a wireless handset. The base station converses with the handset through the radio waves and functions in a quantified range.
According to the report analysis, ‘Global DECT Phones Market to reach USD 22.38 Billion by 2026’ states that the worldwide impact of COVID-19 harmfully impacts several industries and manufacturing units around the world along with hinder the import and export of indispensable raw materials such as wires, fibers, rubber and several others from foreign regions. Therefore, it may impressions in faintly slow down of the market. The DECT phones have an extensive range of application in commercial segments and offices to communicate professionally within the organizations & several departments of the organization. Thus, speedy growth in industrialization and urbanization is projected to influence the growth of the market over the review years. For instance: According to the Association of Equipment Manufacturer, the U.S construction industry is projected to increase with 1% annually and it is found as augment of 1.1% in 2017 and 1.9 percent during 2018. Similarly, as per the National Investment Promotion & Facilitation Agency, the construction industry across India is projected to reach up to USD 738.5 billion till 2022. In addition, the effective growth in the adoption of advanced technology and convenient portability of DECT phones is projected to influence the growth of the market over the review years. However, the intrusion caused by other signals and widespread implementation of smartphones over DECT phones is encumbering the growth of the market to a momentous extent.
Moreover, the organized and worldwide players across the DECT phones market are proficiently working for leading the highest market growth and registering the handsome value of market share around the globe during the upcoming years while delivering better consumer satisfaction, increasing the applications of such, employing the young workforce, analyzing and studying the strategies and policies of the government as well as competitors and several others. Not only has this, strategies such as joint ventures, mergers, and acquisitions, partnerships, amalgamations, new product development and several are performed by the great players for obtaining a competitive edge across the globe and generating a high percentage of revenue during the shorts span of time.
Although, the regional analysis of the worldwide DECT Phones market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/noteworthy region around the world in terms of market share due to the increasing requirement for DECT phones from the commercial segment. Whereas, the Asia-Pacific is also projected to exhibit the greatest growth rate / CAGR over the forecast duration of 2020-2027. Aspects such as speedy industrialization, augmentin disposable income, and proficient innovation in DECT phones within the economy would generate lucrative growth prospects for the DECT Phones market around the Asia-Pacific region. Therefore, in the near years, it is anticipated that the market of DECT phones will increase around the globe more effectively over the coming years.
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Ankur Gupta, Head Marketing & Communications