Home Security Camera Market: Current Analysis and Forecast (2022-2028)

The global Home Security Camera Market is expected to grow at a significant rate of around 11% during the forecast period. Home security camera offers monitoring and surveillance devices for the security of the houses. Factors such as increasing investments towards the development of smart cities across the world, especially in countries such as China, India, Saudi Arabia, and Qatar will create demand for advanced electronic security solutions which would escalate the market demand for home security cameras. Moreover, the growing prominence of Asian countries as a manufacturing hub for electronic security systems, robust construction activity driven by a rise in the GDP, rising disposable incomes of an expanding base of the middle-class population, and a growing number of civil infrastructure projects are the key growth drivers in the region.

Samsung, Motorola Home, Shenzhen Leshi Video Tech. Co., Ltd, Netgear Inc., ADT Security Services, FrontPoint Security Solutions, Vivint Inc., SimpliSafe, Panasonic Corporation, and Godrej Security Solutions.

Insights Presented in the Report:

"Amongst camera, IP security camera category to witness robust CAGR during the forecast period"

Based on the camera, the home security camera market is classified into the dome security camera, bullet security camera, and IP security camera. The IP security camera segment caters substantial share of the market. Their ability to connect to a network to inform third-party security agencies and stakeholders like homeowners remain essential to their core capabilities as digital surveillance devices. The growing crime incident cases in various countries are driving demand for feature-rich IP camera systems. Moreover, various key players are launching technologically advanced IP security cameras with systems like cloud-based security, and cameras like indoor cameras with fixed, and rotating varieties gaining increased ground in homes.

"Amongst service, managed service segment to hold a significant share in the market in 2020"

Based on service, the home security camera market is bifurcated into professional and managed. The managed service segment caters considerable share of the market. Managed services are ongoing and typically work off a contract. They can cover many aspects of home security issues. Managed services include 24/7 support and include continuing care for a wide variety of technical problems. Moreover, network monitoring and regular updates can help keep systems secure and efficient, avoiding the need for emergency tech help which in turn is escalating its adoption in the home security camera market.

"North America to hold a significant share in the market"

North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the ease in availability of sophisticated security cameras with advanced features help in strengthening the protection of their premises. In addition, the simple installation and wide availability of the cameras are escalating its market size in the region.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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