Home Security Camera Market Highlights:
A home security camera is a surveillance camera that is deployed either inside or outside the house/building to monitor suspicious activities happening in and around the residential premise. Market Research Future (MRFR) has published a research report about the global home security camera market that predicts growth for this market between 2017 and 2023. By value, the market has been figured to be worth the USD 1,306.3 Mn by the end of the forecast period.
The most important market driving factors for the global Home Security Camera Market include growing technological advancements in public and private infrastructure and subsequent growing demand for connected safety as well as solutions. Second factor responsible for the market growth is the growing demand for internet protocol (IP) based surveillance cameras due to various features that are being offered. Such features include high-resolution image quality, improved vision, minimized risks associated with criminal activity, and protection of valuable assets.
Other factors enabling the market growth include ease of installation of security cameras, increasing awareness of the security needs, intense competition, frequent changes in government policies, environmental regulations, the introduction of new features that include remote view on mobile devices, and motion detection with text message alerts. Vendors providing home security cameras compete on the basis of cost, reliability, brand name, product quality, and aftermarket service.
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Major Key Players:
The key players in the global home security camera market include ADT Security Services (USA), FrontPoint Security Solutions LLC (USA), Godrej Security Solutions (India), Hangzhou Hikvision Digital Technology Co. Ltd (China), Motorola Home (USA), Nest Cam (USA), Netgear Inc. (USA), Panasonic Corporation (Japan), Shenzhen Leshi Video Tech. Co. Ltd (China), SimpliSafe (USA), and Vivint Inc. (USA).
Home Security Camera Market Segmentation:
The global home security camera market segmentation has segmented the market into product, resolution, service, type, and region. As per product-based segmentation, this market has been segmented into the bullet security camera, dome security camera, IP security camera, pan tilt zoom (PTZ) security camera, thermal security camera, and others.
Regarding resolution, the market has been segmented into the high definition (HD) and Non-HD. Based on services, the market is being segmented into professional services and managed services. By type, the market has been segmented into the indoor security camera and outdoor security camera.
The regional segmentation of the global home security camera market segments the market into the regional markets that are North America, Asia Pacific, Europe, and rest of the world (RoW). Since 2017, North America has been the largest regional market and will continue to do so throughout the forecast period. The market is growing in this region due to the presence of major technology giants as well as start-ups in the USA and Canada. Wide adoption of the home security camera is also promoting market growth. Mexico is the third country-specific market in this region.
In terms of technology, Europe can be a suitable market, but in many European countries, some laws forbid the use of cameras in residential homes. In other countries, the market is good. The best country-specific markets in this region are France, Germany, Spain, and the UK, followed by the remaining countries of Europe.
During the forecast period, the market can grow at 10.4% CAGR due to support from government bodies, growing advancement in infrastructure, the emergence of many new companies providing services, and the rise of technology in this region. The major country-specific markets in this region include China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The market in Latin America is smaller due to this region being less advanced technologically, compared to North America. In the MEA region, the market is limited due to the limited availability of technology and lack of skilled labor.
Latest Industry News:
- Created by Luxembourg-based Mu Design, Ulo is a security camera that can interact with house owner while keeping surveilling the home. Mobile devices can control it. 30 MAY 2019
- Arlo ‘s Home Security cameras have signed a deal with Amazon and Best Buy. As per this deal, they are offering their home security cameras on special discount if customers buy from either of these two retailers. 14 MAY 2019
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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