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.
Smart Doorbell Camera Market: Vendor Analysis
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