Global Smart Home Security Camera Market is valued approximately at USD 4.27 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.7% over the forecast period 2021-2027. Smart home security cameras equipped with video analytics solutions enhances intrusion detection and perimeter security in residences. Growing penetration of smart homes and growing number of smart cities are driving the market growth positively. For instance, according to India Brand Equity Foundation (IBEF), the government of India in 2015 had selected 100 cities for area-based and pan-city development between 2019 and 2023. Also, growing investment in the industry in the form of mergers, acquisition, new product launch and others are fueling the growth in the market. For example, in February 2020, ADT partnered with HHHunt, a real estate company. The aim of partnership was to install smart home and property automation technology into new and existing HHHunt multifamily and student housing communities. Also, in June 2020 Arlo Technologies launched the Essential Spotlight Camera equipped with features such as 1080p HD video, two-way audio, an integrated spotlight with color night vision and others, which is easy to install anywhere, indoors, or out. Furthermore, technological advancements such as Artificial Intelligence (AI), Virtual Reality (VR) and others are expected to boost the demand in coming years. However, higher cost of smart home security cameras may hamper the growth during forecast period.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of the global Smart Home Security Camera. North America is dominating the world in terms of market share due to increasing penetration of smart homes in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to growing infrastructure development including increasing construction activities to address the growing population.
Major market player included in this report are:
Frontpoint Security Solutions, LLC
Brinks Home Security
iSmart Alarm, Inc.
LiveWatch Security LLC
Protect America, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Smart Home Security Camera Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers