Smart Home Security Camera Market To Grow With Impressive CAGR During the Forecast Period
Rapid emergence of internet of things are driving the growth in Global Smart Home Security Camera Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Smart Home Security Camera Market By Type (Wired, and Wireless) By Application (Doorbell Camera, Indoor Camera, Outdoor Camera) By Product (Dome Security Camera, Bullet Security Camera, IP Security Camera, Others) By Resolution (HD, Non-HD) By Region, Competition Forecast & Opportunities, 2026”, the global smart home security camera market is projected to grow at an impressive CAGR in the forecast period, 2022-2026. The market attributes responsible for the growth of the market are surge in the demand of home security camera for the precautions and security concerns. Also, increasing cases of burglary, and increasing crime rate has inclined consumers to install security cameras at home inside and outside too such that they can keep a keen eye on the surroundings. Moreover, surge in the demand of smart homes and increasing number of infrastructure is also supporting the growth of the global smart home security camera market in the upcoming five years.
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The global smart home security cameras market is segmented by type, application, product, resolution, competitional landscape, and regional distribution. Based on application, the market is further bifurcated into doorbell camera, indoor camera, and outdoor camera. Doorbell camera is anticipated to hold the fastest growth of the market on the account of surge in the demand over any other sub-segment. Doorbell cameras are particularly attached at the door, such that if a person is at the door, or is ringing the alarm, the image can be perceived in the monitor inside the house. Advanced technology in these cameras also helps any guest record a message incase the door is unanswered. Indoor cameras are anticipated to hold the largest shares of the market in the upcoming five years on the account of surge in the number of burglary cases, which are drawing attention of residential households towards indoor security. Indoor cameras provide complete control over households throughout the day through remote access, consumers opt for indoor application of smart home security camera for its efficiency and round the clock functionality.
Based on product, the market is further divided into dome security camera, bullet security camera, IP security camera, and others. Dome security cameras are specifically designed dome shaped security cameras that are often installed at the corners of the room to enhance its ability to capture the 360 degree view of the surrounding. The construction allows the functioning even in low-light or no-light settings due to the built-in infrared LEDs. Bullet security cameras are a kind of video surveillance camera that is typically small and shaped like a rifle bullet shell. These cameras can easily be mounted to ceilings or walls because most of them use a tri-axis type of mount.
Holding the largest market shares of the global smart home security camera market, a partial list of major market players includes, Hangzhou Hikvision Digital Technology Co. Ltd (China), Motorola Solutions, Inc. (Motorola Home), Shenzhen Leshi Video Tech. Co., Ltd (China), Netgear, Inc. (Arlo), FrontPoint Security Solutions, LLC (U.S.), Vivint, Inc. (U.S.), Panasonic Corporation (Japan), SimpliSafe (U.S.), Godrej Security Solutions (Godrej & Boyce Mfg. Co. Ltd.), Nest Labs, Inc. (Alphabet), among others. Market players are actively involved with the research and development to bring technically advanced security devices for the satisfaction of the consumer demand. Technical advancement may include compatibility with the smartphone integration, better alarm and alert system, proximity alerts, etc. Other strategic recommendation for the new players includes partnership and acquisitions with the market players.
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“North America region is anticipated to dominate the market and flourish in the future forecast years too. Number of residents in the region living on a one person or two person basis is increasing rapidly. So is the surge in the demand of smart home security camera. Moreover, increasing penetration of the smart homes is actively supporting the growth of the global smart home security camera market. Although Asia Pacific region is expected to register the fastest growing CAGR in the next five year term on the account of rising infrastructural development and the rapidly growing population of the countries like China and India. With government aids and rapid urbanization, along with the increasing disposable income of the population is driving the growth of the market in the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Smart Home Security Camera Market By Type (Wired, and Wireless) By Application (Doorbell Camera, Indoor Camera, Outdoor Camera) By Product (Dome Security Camera, Bullet Security Camera, IP Security Camera, Others) By Resolution (HD, Non-HD) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global smart home security camera and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global smart home security camera market.
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