Smart Home Security Camera Market Size, Share & Trends Analysis Report By Product (Wired, Wireless), By Application (Doorbell Camera, Indoor Camera, Outdoor Camera), By Region, And Segment Forecasts, 2022 - 2030
Smart Home Security Camera Market Growth & Trends
The global smart home security camera market is expected to reach USD 30.10 billion by 2030, registering a CAGR of 18.7% from
2022 to 2030, according to a new report by Grand View Research, Inc. Rapid growth in smart home penetration across North
America is positively impacting the demand for smart home security cameras.
The rapid adoption of IoT in smart homes is also supporting market growth. Consumers are shifting from traditionally
mountable Wi-Fi cameras to the deployment of smart home security cameras to increase the security of their premises. These
advanced smart home security cameras offer several benefits, which boost their installation in many households across the
region. The ease of installation and easy availability of smart home security cameras drive the product demand.
In September 2021 Blink launched a new USD 50 video doorbell. The Blink Video Doorbell is wired as well as wire-free and
works with Amazon's voice assistant Alexa. The new Blink Video Doorbell is a first-of-its-kind device from the security
brand. It has 1080p resolution, two-way talk, and, most interestingly, up to two years of battery life.
The wireless product segment is the fastest-growing segment over the forecast period. This is a result of the increase in the
availability of wireless products offered by major players in the market. Moreover, wireless smart home security camera
offers varied advantages including easier set-up and customizable, among others.
The market is fragmented at the global level with a major share occupied by Vivint Smart Home Inc., ADT LLC, Arlo
Technologies, Inc., and others. Key players operating in the market are implementing strategic initiatives such as
acquisitions to drive their companies’ growth in the future as well as to solidify their positions in the market. These
strategies also help in increasing their geographical reach, cutting down competition, and gaining additional share in the
market. For strategic and financial buyers alike, the most attractive M&A targets will have strong leadership including a
deep bench of rising, future leaders.
Smart Home Security Camera Market Report Highlights
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