The Europe Smart Home Security Cameras Market would witness market growth of 16.1% CAGR during the forecast period (2020-2026).
The rising significance of security concerns is also a key factor that is expected to boost growth in demand for smart and wired homes over the forecast period. The introduction of innovative wireless technologies, including HVAC Controllers, Security, and Access Regulators and Entertainment Controls, is expected to stimulate market growth. The real estate industry is expected to experience growth due to the growing demand for smart & connected homes and home automation systems that form an important part of smart homes.
The rise in the need for push-button control, energy preservation, shifting demographic preferences, and the need to protect the global environment from polluting effluents like greenhouse gasses and toxic waste is anticipated to occur in significant market growth. High-end devices coupled with technologically advanced features such as IP and Bluetooth account for a large proportion of the global population of unaffordable hardware, which in turn is projected to boost demand.
Increasing numbers of smart cities in several countries around the world are increasing demand for safety and surveillance products in the market. In addition, rapid urbanization has resulted in a growing number of residents residing in multi-storeyed buildings owing to space constraints. This, in turn, fuels the need for robust smart security systems. In addition, the increasing proliferation of cloud-based technology has resulted in a higher preference for smart home security cameras, focused on centralized home gateway control, as data has moved to cloud networks.
Based on Application, the market is segmented into Doorbell Camera, Indoor Camera and Outdoor Camera. Based on Product, the market is segmented into Wired and Wireless. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Godrej Group (Godrej Security Solutions), Samsung Electronics Co., Ltd. (Samsung Group), Arlo Technologies, Inc., Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), SimpliSafe, Inc., Protect America, Inc., FrontPoint Security Solutions, LLC, Skylinkhome Technologies, Inc., and iSmart Alarm, Inc.
Scope of the Study
- Doorbell Camera
- Indoor Camera and
- Outdoor Camera
- Wired and
- Rest of Europe
- Godrej Group (Godrej Security Solutions)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Arlo Technologies, Inc.
- Vivint Smart Home, Inc.
- ADT, Inc. (Apollo Global Management, Inc.)
- SimpliSafe, Inc.
- Protect America, Inc.
- FrontPoint Security Solutions, LLC
- Skylinkhome Technologies, Inc.
- iSmart Alarm, Inc.
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