Home Security Camera Market Analysis 2017-2023: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects
Market
Highlights:
According to a recent study report published by
Market Research Future, The global market of home security camera is booming
and expected to gain prominence over the forecast period. The market is
projected to demonstrate a spectacular growth by 2023 with a striking CAGR
during the anticipated period (2017 – 2023). Primary benefits of home security
camera systems include continuous monitoring of the activities in and around
home when the owner is not at home.
The global home security camera market is showing
immense growth; mainly due to the emergence of cloud technologies and
increasing awareness regarding security and safety. Various types of home
security cameras are being deployed such as dome security camera, bullet
security camera, IP security camera, thermal security camera, PTZ security
camera and others. Out of which, the IP security cameras is expected to hold
the largest market share owing to the increasing implementation of the same and
offer easy deployment options.
This helps in protecting the valuables at home,
deterring the crime rate, and will ensure a feeling of safety in and around the
house. Also, in case of crimes or any other accident, the home security
cameras, will help in gathering evidence and will prove to be extremely
beneficial. Home
Security Cameras Market also
help in monitoring pet activities and checking up on them. Home security camera
systems allow the users to monitor the activities at home on their smartphones
while they are on the go. This proves to be extremely convenient for the users
in order to ensure safety at homes.
On the other hand, lack of privacy is an issue with the security cameras constantly monitoring each and every activity in and around the house. Also, deployment of home security cameras will require upgradation of infrastructure and will turn out to be a costly affair, which may hamper the market growth.
The global home
security camera market is expected to grow
at approx. USD 8 Billion by 2023, at 11% of CAGR between 2017 and 2023.
Major
Key Players:
·
Hikvision
(China)
·
Motorola
(U.S.)
·
Leshi Video
Type Co. Ltd (LSVT) (China)
·
Netgear
(U.S.)
·
Zmodo (China)
·
Nest Cam
(U.S.)
·
Icontrol
Networks (U.S.)
·
Canary (U.S.)
·
Amcrest Technologies
(U.S.)
·
Uniden
(Japan)
Regional
Analysis:
The regional analysis of home security camera market is being studied
for regions such as Asia Pacific, North America, Europe and Rest of the World.
It has been observed that North America is estimated to account for the largest
share of the market, whereas Asia-Pacific is projected to grow at the fastest
rate during the forecast period.
The major growth in home security camera market in North America is
attributed to the increasing investments in the smart grid projects and
changing preferences of consumers in that region.
Market Research Analysis:
The global home security camera market, by geography, has been segmented
into North America, Europe, Asia Pacific and Rest of the World. In the global
home security camera market, Asia Pacific is anticipated to witness relatively
faster adoption and is expected to grow at the highest CAGR during the forecast
period as compared to other regions. Within Asia Pacific, home security camera
market is projected to contribute faster to the growth of revenue backed by
increasing demand for innovative products and growing demand for smart homes in
countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are
anticipated to drive the growth of home security camera market. In Europe, the
high standards of living of people have led to an increase in investments in
smart homes and hence is the major driving factor for the growth of home
security camera market. The presence of advanced infrastructure and with the
increasing adoption of technology and technological advancements in numerous
countries are other factors driving the market growth of Home security camera
market.
Home
Security Camera Market Segmentation:
The home security camera market has been
segmented on the basis of product, type, resolution, deployment and service.
The resolution segment is further bifurcated into non HD, HD, full HD and ultra
HD.
Out of which, the
most commonly used resolution is the full HD 1080p owing to the factors like
high resolution and low cost that influence the camera users to shift from HD
to full HD.
Home
Security Camera Market (MRFR) Research Analysis:
Home
security camera market can be segmented on the basis of product, type,
resolution, deployment and service. The service segment is further bifurcated
into professional services and self-installed and monitored services. The
self-installed and monitored segment is gaining popularity owing to the
increase in well-designed apps for the security surveillance.
Giants
like Nest Cam have come up with self-monitoring apps and are responsible for
the growth of home security camera market. The rising incidents of security
concerns has led to increased safety measures by residential dwellings. Easy
installation and advanced monitoring features offered by smart cameras are
major factors leading to the growth of home security camera market. Due to
technical advancements, smart cameras are increasingly being used for home
security purposes.
Browse Full Report
Details @ https://www.marketresearchfuture.com/reports/home-security-camera-market-3787
Intended Audience
·
Technology
investors
·
Research/Consultancy
firms
·
Technology
providers
·
Consumers
·
Technology
Standards Organizations
·
Government
Bodies
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