Home Security Camera Market Highlights:
Home security cameras are available in a variety of sizes and exhibit varying degrees of image quality, but their primary function is to provide a video image of what is happening in and around the house. The growing technological advancements in public and private infrastructure has propelled the demand for connected safety and solutions. The growing demand for IP based surveillance cameras is owing to the features being offered such as high-resolution image quality, improved vision, protect valuable assets, and minimize risks associated with criminal activity.
Home security cameras are used for surveillance and can be deployed both outside and inside the premises. These cameras are gaining popularity as security measure to detect suspicious activities. The global home security camera market, as per Market Research Future (MRFR)’s study, is expected to register 10% CAGR across the assessment period. The valuation of the market is prognosticated to grow from USD 738.9 Mn in 2017 to over 1300 Mn by 2023.
Increasing disposable income, in conjunction with rising urban population, has led to a shift towards smart homes. This, in turn, is anticipated to generate the demand for Home Security Camera Market in the years to come. The rising standards of living are also expected to influence the home security camera market positively over the next couple of years.
The rising cases of theft and increasing awareness about the same is expected to motivate the expansion of the market across the assessment period. In addition, key players are providing different technologically advanced products that are easy to install. Availability of a wide range of products is prognosticated to provide impetus to market growth in the foreseeable future. However, on the other side, factors such as high price and technological complexities are anticipated to check the growth rate of the home security camera market over the next few years.
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Home Security Camera Market Competitive Dashboard:
Hangzhou Hikvision Digital Technology Co. Ltd (China), Godrej Security Solutions (India), Shenzhen Leshi Video Tech. Co., Ltd (China), Motorola Home (U.S.), Netgear, Inc. (U.S.), FrontPoint Security Solutions, LLC (U.S.), ADT Security Services (U.S.), Vivint, Inc. (U.S.), Panasonic Corporation (Japan), SimpliSafe (U.S.), and Nest Cam (U.S.) are some of the key participants of the global home security camera market. Technological developments are expected to keep the competition in the market going on over the next couple of years.
Home Security Camera Market Segmentation:
The segmental assessment of the global home security camera market, on the basis of product, covers dome security camera, IP security camera, PTZ security camera, bullet security camera, thermal security camera, and others. Among these, the dome security camera segment held the maximum share of the market in 2017. It is estimated to expand at the highest CAGR over the assessment period.
- On the basis of type, the smart home security camera market has been divided into outdoor security camera and indoor security camera. The outdoor security camera segment is poised to register a relatively higher CAGR and hold the pole position through the forecast period.
- The segments of the security home security camera market include non-HD, and HD. Among these, the HD segment is projected to lead the market at a higher CAGR over the next couple of years.
- Based on services, the global home security camera industry has been bifurcated into professional services and managed services. The professional services segment is likely to account for the maximum market share and strike the highest CAGR over the assessment period.
Home Security Camera Market Regional Analysis:
The global home security camera industry, on the basis of region, has been segmented into Asia Pacific (APAC), North America, Europe, and the Rest of the world (RoW). These regions are further studied on country-level basis. North America is expected to dominate the growth pattern of the market over the next couple of years.
The presence of a huge number of players in the regional market, in conjunction with the entry of new tech startups, is expected to drive market growth in the foreseeable future. Asia Pacific is a potential market and is assessed to thrive at a CAGR of 10.4% through the projection period. Factors such as Urbanization and availability of different products are set to provide impetus the expansion of the regional home security camera market.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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List of Table
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global Home Security Camera, By Product, 2017-2023 (Usd Million)
Table 4 Global Home Security Camera, By Type, 2017-2023 (Usd Million)
Table 5 Global Home Security Camera, By Resolution, 2017-2023 (Usd Million)
List of Figure
Figure 1 Global Home Security Camera: Market Structure
Figure 2 Key Takeaways of The Home Security Camera
Figure 3 Key Buying Criteria of Home Security Camera
Figure 4 North America Market Size & Market Share by Country (2017 Vs 2023)
Figure 5 Europe Market Size & Market Share by Country (2017 Vs 2023)
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