The global smart home security cameras market is projected to grow at a CAGR of 12.7% during the forecast period (2020-2026). Rising penetration of smart homes, growing sales of smart home devices, and increasing spending of consumers on home automation products are likely to drive the growth of the global market. The security devices are gaining traction through the home automation process which is paving the way for different smart home security cameras for indoor as well as outdoor safety applications. Technological advancement in the smart home security camera is further expected to encourage the customers to adopt them for security concerns. The number of smart city projects across the globe is on a continuous rise.
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The rise in the development of smart cities is expected to generate the demand for and surveillance products in the market across the globe. Moreover, the rapid urbanization in the developing economies is also creating a market for the smart home security camera. With rapid urbanization a huge population base is liable to reside in multi-storage building apartments owing to space constraints, thereby creating a need for a smart home security camera in their buildings which in turn will drive the market growth. Higher penetration of cloud connectivity is again leading towards the high inclination of consumers towards smart home security cameras based on the centralized control of the home gateway, wherein intelligence has shifted to cloud networks. Moreover, the rising awareness among the users related to its easy usability, self-monitoring, and remote access features are further promoting the huge adoption of these devices by the residential users.
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Global Smart Home Security Cameras Market Segmentation
By Product Type
• Wired
• Wireless
By Application
• Doorbell Camera
• Indoor Camera
• Outdoor Camera
Regional Analysis
• North America
o US
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Abode Systems, Inc.
• Amazon.com, Inc.
• Arlo Technologies, Inc.
• ADT, Inc.
• CPI Security Systems, Inc.
• Frontpoint Security Solutions, LLC
• Google, LLC
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell International, Inc.
• iSmart Alarm, Inc.
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