Smart Home Security Camera Market Size, Share and Trends Analysis Report by Product (Wired, Wireless), by Application (Doorbell Camera, Indoor Camera, Outdoor Camera), by Region and segment forecast, 2022-2030
New York, June 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Smart Home Security Camera Market Size, Share & Trends Analysis Report By Product, By Application, By Region And Segment Forecasts, 2022-2030” – https://www.reportlinker.com/p06288316/?utm_source=GNW
Smart Home Security Camera Market Growth and 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. The rapid growth of smart home penetration in North America has a positive impact on the demand for smart home security cameras.
Rapid adoption of IoT in smart homes is also supporting the growth of the market. Consumers are switching from traditionally mountable Wi-Fi cameras to deploying smart home security cameras to increase the security of their premises.
These advanced smart security cameras offer several benefits, which are boosting their installation in many homes in the region. Ease of installation and availability of smart home security cameras are driving product demand.
In September 2021, Blink launched a new $50 video doorbell. The Blink Video Doorbell is wired and wireless and works with Amazon’s Alexa voice assistant.
The new Blink Video Doorbell is a one-of-a-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 products segment is the fastest growing segment during the forecast period. This is a result of the increased availability of wireless products offered by major market players.
Moreover, the wireless smart home security camera offers various benefits including easier setup and customization among others.
The market is fragmented globally with major share occupied by Vivint Smart Home Inc., ADT LLC, Arlo Technologies, Inc. and others. The major players operating in the market are implementing strategic initiatives such as acquisitions to drive the future growth of their businesses as well as to consolidate their positions in the market. These strategies also help to increase their geographic reach, reduce competition and gain additional market share. For strategic and financial buyers, the most attractive M&A targets will have strong leadership, including a wide range of future leaders in the making.
Highlights of the Smart Home Security Cameras Market Report
• Smart home security camera is expected to grow at the rate of 18.7% from 2022 to 2030, with the increased demand for smart home products and growing growth of smart homes globally.
• Wireless segment is expected to grow at the fastest rate during the forecast period due to larger storage space for surveillance videos owing to cloud storage spaces embedded in the devices.
• The North American market is expected to grow with the fastest CAGR during the forecast period. The increasing construction of smart homes, a combination of luxury and convenience, is driving the demand for smart home security cameras.
Read the full report: https://www.reportlinker.com/p06288316/?utm_source=GNW
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