Authored By: Sarah
21 Jul 2022

Demand for Home Monitoring Systems will Drive the Smart Doorbell Camera Market

The growing demand for home monitoring systems owing to the rise in incidences of theft will increase the smart doorbell camera market growth during the forecast period. Devices such as smart doorbell cameras allow users to access, monitor and control their doors from anywhere using mobile devices such as smartphones, tablets, and laptops.

Technavio's research on the Smart Doorbell Camera Market analysis projects that the market size will reach USD 3.27 billion, decelerating at a CAGR of almost 42% till 2025. The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Unlock the Sample Report

Smart Doorbell Camera Market: Key Market Driver

The inclination toward a high standard of living is one of the primary factors that will trigger the growth of the smart doorbell camera market size. Economic growth and rising individual household incomes have driven consumers to spend on smart technology-intensive solutions. The increasing consumer spending on smart solutions such as home automation devices is expected to drive the growth of the global smart doorbell camera market during the forecast period. 

In addition, the increasing number of residential construction activities will boost the growth of the market. However, factors such as the high installation costs, the privacy-related issues associated with online data streaming through IoT security devices, and the inefficiency of information exchange in systems connected through IoT technology will hamper the smart doorbell camera market value.

Demand for Home Monitoring Systems will Drive the Smart Doorbell Camera Market

Smart Doorbell Camera Market: Vendor Analysis

  • The market is concentrated due to the presence of several players.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • ADT Inc., Alphabet Inc., Inc., Arlo Technologies Inc., Hangzhou Hikvision Digital Technology Co. Ltd., SimpliSafe Inc., SkyBell Technologies Inc., VTech Holdings Ltd., Xiaomi Corp., and Zmodo Technology Corp. Ltd. are some of the major market participants.
  • To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. Download PDF Sample Report

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