Smart Home Cameras Industry Analysis, Size, Growth, Trends and Forecast to 2025
10 July 2019 – Global Smart Home Cameras Market is anticipated to witness an exponential growth in the forecast period. A smart home camera implies a stand-alone camera that connects to the Internet. It can record and at the same time stream video through the Internet Protocol (IP) network that is accessible remotely with the help of smart gadgets including PCs (Desktops), smartphones and tablets, and Laptops.
The factors that propel the growth of the market include an increase in demand for technologically progressive home security products, increasing consciousness of the security needs, ease of installation of security cameras and the introduction of new features in the cameras such as motion detection. On the other hand, there are factors that may hamper the growth of the market including issues related to app interface in smart home cameras market.
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The market is anticipated to expand at a significant CAGR of 7.12% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Acceptance of distribution channel expansion strategy is an emerging trend in the smart home cameras market. The top vendors in the market are assuming numerous strategies to expand their customer base. One of the most vital strategies accepted by the vendors is the expansion of the distribution channel. The demand for smart home cameras is rising owing to the increasing acceptance of Omni channel strategy among the home security products manufacturers.
Smart Home Cameras Breakdown Data by Type
- Traditional Camera
- Digital Camera
Market could be explored by product type, resolution type, services, application, distribution channel, and geography. Market by product type comprise Dome Security Camera, Bullet Security Camera, IP Security Camera. The “Dome Security” segment led the market in 2017 and will continue to lead in the forecast period.
Market could be explored by resolution type as HD and Non-HD. The “HD” segment led the market in 2017 and will continue to lead in the forecast period. Market by services could span managed and professional. The “Professional” segment led the smart home cameras market in 2017 and will continue to lead in the forecast period.
Smart Home Cameras Breakdown Data by Application
- Outdoor Application
- Indoor Application
The “Outdoor Security Camera” segment led the market in 2017 and will continue to lead in the forecast period. Market could be explored by distribution channel as online and offline.
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North America accounted for the major share of the smart home cameras market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include an increased focus of the smart home cameras manufacturers, increasing demand in this region, and acceptance of progressive technologies. In addition, Canada, US, and Brazil are the foremost contributor to the market and the demand for smart home cameras are anticipated to surge in the forecast period. North America is followed by the Asia-Pacific region owing to fast economic growth in China, Japan, and India.
The following manufacturers are covered in this report:
- Panasonic Corporation
- Robert Bosch
- Hanwha Techwin
- Huawei Technologies
The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
The key points are:
- To analyze and research the global Smart Home Cameras status and future forecast? involving, production, revenue, historical and forecast.
- To present the key Smart Home Cameras manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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