The Smart Doorbell Market is being driven by Increasing demand for smart locks
The Smart Doorbell Market is expected to grow at a CAGR of 27% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10260.6 million. The smart doorbell market is poised for significant growth as the adoption of these devices for surveillance purposes increases. Law enforcement agencies are collaborating with manufacturers to gain access to footage from smart doorbells, creating a cost-effective video surveillance network. Police departments in the United States, such as those in Green Bay, Wisconsin, and Gwinnett, Atlanta, have partnered with companies like Ring to distribute these devices in their communities. In exchange for registering the devices and submitting requested footage, residents receive discounted or free doorbells. This strategic alliance not only enhances community safety but also bolsters the smart doorbell market's expansion.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
235 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27% |
Market growth 2025-2029 |
USD 10260.6 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
20.1 |
Key countries |
US, Canada, Brazil, China, France, India, UK, Japan, Germany, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Smart Doorbell Market is experiencing significant growth with advanced features such as video analytics, activity zones, person and pet detection, package delivery notifications, intrusion detection, and integration with smart home hubs, home security software, home automation devices, and security camera systems. Home monitoring, perimeter security, wireless security systems, and security subscription services are also driving market expansion. Open APIs, customizable integrations, and a developer SDK enable seamless connectivity with home automation platforms. However, data privacy, security breaches, digital security, network security, and IoT security risks are major concerns. Home automation technologies continue to shape smart home trends, with a focus on home security and privacy.
The Smart Doorbell market is a significant segment of the global Technology Hardware, Storage, and Peripherals market, encompassing smart home security solutions and home automation devices. This market category includes video doorbells, motion detection, and two-way audio technologies. According to Technavio, the global Technology Hardware, Storage, and Peripherals market, which covers manufacturers of cellular phones, personal computers, servers, and peripherals, among others, will experience growth due to the increasing 4Vs (Volume, Velocity, Veracity, and Variety) of data. This trend is primarily driven by the rising demand for advanced data storage solutions, particularly in data centers. The Smart Doorbell market is poised to benefit from this growth, as it contributes to the overall expansion of the Technology Hardware, Storage, and Peripherals market. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
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