Video Doorbell Market Report Analysis, Technology of Trends Hits at a CAGR of 14.3% by 2031

A video doorbell serves as a convenient device enabling users to monitor activity at their front door through a dedicated system screen or via a smartphone or tablet application. Operating predominantly over Wi-Fi, the camera streams live footage and is often integrated into comprehensive smart security systems, facilitating communication between the exterior and interior of a property.

According to a new report published by Allied Market Research, titled, The video doorbell market size was valued at $1.2 billion in 2021, and is estimated to reach $4.6 billion by 2031, growing at a CAGR of 14.3% from 2022 to 2031.

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Analysis of The Market -
The global market for video doorbells is being propelled by escalating concerns regarding residential and commercial security. With a noticeable uptick in incidents such as robberies and thefts worldwide, there's a growing imperative for enhanced safety measures. Concurrently, the burgeoning interest in home automation has significantly bolstered the demand for doorbell cameras, aligning with the broader trend towards smart homes equipped with comprehensive security systems.

The proliferation of video doorbells can be attributed to the heightened sense of security they provide in response to escalating worries about personal safety. Offering features such as remote locking and unlocking capabilities, as well as real-time owner alerts, these devices cater to individuals who prioritize home security and seek peace of mind in knowing their property is well-protected.

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Driving Factors:
Moreover, the continuous advancements in Internet of Things (IoT) technologies play a pivotal role in propelling the video doorbell market forward. This includes not only improvements in the performance and functionality of doorbell cameras but also a reduction in the overall costs of their components, making them more accessible to a broader consumer base. Additionally, the integration of video doorbells with smart locks further enhances their appeal, providing users with a seamless and comprehensive security solution.

In essence, the video doorbell market is poised for significant growth driven by an array of factors including rising concerns over safety and security, increasing adoption of home automation technologies, and ongoing advancements in IoT innovation. As these devices continue to evolve and become more sophisticated, they are expected to play an increasingly integral role in safeguarding homes and businesses worldwide.

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Top Players:
ADT Inc., Amazon.com Inc., Arlo, ASSA ABLOY Group (August Home), Dbell Inc., LaView Eagle-Eye Technology Inc., Netvue Inc., Night Owl SP, LLC, Olive & Dove, Owlet Home LLC, Panasonic Corporation, SimpliSafe Inc., SkyBell Technologies, Inc, TP-Link Technologies Co.Ltd., Vivint Smart Home Inc., Wyze, and Zmodo.

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. 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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