Press release
Home Security Camera Market is projected to reach USD 33.38 billion by 2032, Booming Worldwide With Leading Key Players -Zmodo, Vivint, TP-LINK, Reolink, Hikvision, Google Nest, Dahua Technology, Arlo Technologies, ANNKE, ADT
The global smart home security camera market size was valued at USD 6.21 billion in 2021. It is projected to reach USD 33.38 billion by 2032, growing at a CAGR of 19.67% during the forecast period (2022-2032). North America is the region's most significant global smart home security camera.Enhanced Real-Time Connectivity and Security and Increasing Number of Smart Homes Drives the Global Market
Smart home security cameras' availability and ease of installation influence their demand. Doorbell, indoor, and outdoor cameras are outfitted with purpose-specific functionality by smart home security camera manufacturers. As a result, smart home security cameras are in higher demand. The expansion of smart homes is a crucial factor driving the home security camera industry. All home security systems are compatible with security cameras. In addition, the introduction of IoT is a significant market driver for home security cameras. Recent IoT sensing technology advancements will benefit the smart home security cameras market.
Growing Awareness of Safety and Security Creates Tremendous Opportunities
The home security camera is a low-cost security solution that can provide the highest level of protection. As people become more aware of security measures against theft and unauthorized access, the market for home security cameras will grow faster. Artificial intelligence and machine learning will affect the home security camera market positively. Security cameras equipped with artificial intelligence can identify the face of the homeowner and any intruder. The industry's revenue for home security cameras will rise due to these market expansion prospects
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Leading players of Home Security Camera including:
Zmodo, Vivint, TP-LINK, Reolink, Hikvision, Google Nest, Dahua Technology, Arlo Technologies, ANNKE, ADT
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Product Insights
The wired smart home security camera occupies the highest market share over the forecast period. Companies are constantly adding new features to wired cameras, such as improved night vision, two-way audio with echo cancellation, and customizable motion zones.
Ring, a security camera producing company, for example, released the Ring Floodlight Cam Wired Pro in April 2021, which includes features such as 3D Motion Detection and Bird's Eye View, a 110db siren and color night vision, Audio+ that improves consumer hearing, Customizable Motion Zones that trigger recordings, and Privacy Zones that exclude areas in the camera field of view from video recording. Ring Floodlight Cam Wired Pro users can easily hardwire the device to the outside of their homes and link it to Wi-Fi for continuous power..
As a result of these issues, the Home Security Camera industry has been hampered. Because of the industry's small number of important enterprises, the Home Security Camera area is heavily targeted. Customers would benefit from this research since they would be informed about the current Home Security Camera scenario. The most recent innovations, product news, product variants, and in-depth updates from industry specialists who have effectively leveraged Home Security Camera position are all included in this research study. Many firms would benefit from Home Security Camera research study in identifying and expanding their global demand. Micro and macro trends, important developments, and their usage and penetration across a wide variety of end-users are also included in the Home Security Camera segment.
The market analysis done with statistical tools also helps to analyze many aspects that include the demand, supply, storage costs, maintenance, profit, sales, and production details of the market. Furthermore, the global Home Security Camera research report provides the details about the Home Security Camera share, import volume, export volume, and the gross margin of the companies.
Home Security Camera Segmentation by Type:
IP Camera, Analog Camera, Others.
Home Security Camera Segmentation by Application:
Indoor, Outdoor
Home Security Camera report answers some key questions:
What is the expected growth of global Home Security Camera after covid-19 vaccine or treatment is found?
• What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric, and collaborative in the global Home Security Camera?
• Which specific sectors are expected to drive growth in the global Home Security Camera?
• What are key government policies and interventions implemented by leading global Home Security Camera countries to help further adoption or growth of Home Security Camera .
• How have the market players or the leading global Home Security Camera firms have addressed the challenges faced during the pandemic?
• What growth opportunities the global Home Security Camera offers?
Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.mraccuracyreports.com/reportdetails/reportview/534190
Highlights of the Report:
The report provides Home Security Camera industry demand trends in Q1 and Q2 2021.
• Individual circumstances of the Home Security Camera segments are discussed in the report.
• The report contains forward-looking information on risks and uncertainties.
• The report studies the consumer-focused sectors of the Home Security Camera.
• The trade scenarios of the products and services in particular segments are detailed in the report along with regulation, taxes, and tariffs.
• The trends that are impacting the Home Security Camera for past few years are discussed in the report.
• The report studies the potential impact of the Covid-19 pandemic on the Home Security Camera industry economy and performance of the market players in the same context.
Table of Content:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
3 Global Home Security Camera by Players
4 Home Security Camera by Regions
4.1 Home Security Camera Size by Regions
4.2 Americas Home Security Camera Size Growth
4.3 APAC Home Security Camera Size Growth
4.4 Europe Home Security Camera Size Growth
4.5 Middle East & Africa Home Security Camera Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Home Security Camera Forecast
11 Key Players Analysis
12 Research Findings and Conclusion
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Regional Insights
North America made the largest contribution to the global market with a share of 40.4% in 2021. According to Berg Insight's research published in March 2021, the North American smart home market recorded strong growth during 2019, increasing by 28.5% (YoY) to reach 172.6 million smart home systems in 43.1 million smart homes. This corresponds to 30.2% of all households, placing North America in the most advanced smart home market in the world.
A study conducted by the University of North Carolina at Charlotte shows that security cameras were the most effective deterrents to break-ins, with 50% saying they would abandon their attempts if they saw a camera. Jeff Welch, a former corrections officer and founder of Grab The Axe Security Consultants LLC, explained that having video evidence of the home being broken into can help expedite insurance claims.
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Key Companies & Market Share Insights
The market is characterized by the presence of numerous well-established players such as Vivint Smart Home, Inc., ADT LLC, Samsung Electronics Co., Ltd., and Arlo Technologies. The market is fragmented in nature owing to the presence of a large number of manufacturers with a large customer base that contributes to the high competition in the market.
In August 2021 SimpliSafe released the SimpliSafe Wireless Outdoor Security Camera, designed to help stop crime before it happens. With an adjustable magnetic mount, the SimpliSafe Outdoor Camera does not require any wiring and can be self-installed with ease in less than five minutes. Furthermore, a removable, rechargeable battery that lasts up to three to six months on a single charge, pending settings, usage, and placement powers the SimpliSafe Wireless Outdoor Security Camera.
In June 2020, Arlo Technologies, Inc. launched the Ultra Series of security cameras, the Ultra 2 Wire-Free Spotlight Camera System. The Ultra 2 delivers an enhanced user experience, building on advanced features such as 4K video with HDR, an ultra-wide 180-degree field of view, and more.
Some of the key players operating in the global home security camera market include:
Vivint Smart Home, Inc.
ADT LLC
Simplisafe, Inc.
Brinks Home Security
iSmart Alarm, Inc.
Live Watch Security LLC
Skylinkhome
Protect America, Inc.
SAMSUNG ELECTRONICS Co., LTD.
Frontpoint Security Solutions, LLC
Arlo Technologies, Inc.
Nest Labs
Wyze Labs, Inc.
Blink
Ring LLC.
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