Press release
Smart Doorbell Market Technology, and Application Hits a CAGR of 18.3% to 2031
Rise in disposable income of population, improved lifestyle, and increase in awareness about smart home systems boost the adoption of smart doorbells in residential and commercial spaces, thus driving the growth of the market. In addition, rise in number of smart cities, improved consumer awareness about smart doorbells, and growing adoption of IoT based technologies boost the market growth.According to AMR, The global smart doorbell market was valued at $2.7 billion in 2021, and is projected to reach $14.4 billion by 2031, registering a CAGR of 18.3% from 2022 to 2031.
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Top Players:
The key market players having significant smart doorbell market share profiled in the report of the market include Panasonic Corporation, Amazon.Com, Dbell Inc., Skybell Technologies Inc., ASSA ABLOY Group, Vivint Smart Home Inc., Owlet Home LLC, Netvue Inc., Night Owl SP LLC, and LaView Eagle Eye Technology Inc.
Major players, such as Panasonic Corporation, Dbell Inc., and others are engaged in adopting product launch, acquisition, and product development as their key developmental strategies to improve the portfolio of smart doorbell products, which boosts the smart doorbell market growth.
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The smart doorbell market analysis is done on the basis of product type, distribution channel, end user and region. By product type, the market is divided into wired doorbell and wireless doorbell.
By distribution channel, the market is divided into online and offline. By end user, the market is bifurcated into residential and commercial.
The residential segment dominated the market in 2021. Region-wise, the smart doorbell industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2021 and Asia-Pacific is expected to grow with the highest CAGR and is having the largest smart doorbell market size.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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