Smart Doorbell Market Size to grow by USD 6748.4 million between 2024-2028
According to a research report “ Smart Doorbell Market” by Type (Wired, Wireless) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 6748.4 million, at a CAGR of over 22.82% during the forecast period. The global smart doorbell market is experiencing significant growth due to the increasing demand for smart locks. A smart lock is a sophisticated electromechanical device that enables remote access control through authorized devices such as smartphones, wearables, or tablets, utilizing wireless protocols and cryptographic keys for secure authorization. This technology offers homeowners the benefits of flexibility, ease of installation, remote locking and unlocking, and instant alerts in case of intrusion. The market's expansion is further fueled by the entry of new players, resulting in an increased availability of cost-effective solutions.
Browse market data tables, figures, and in-depth TOC on “Smart Doorbell Market” by Type (Wired, Wireless) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the Wired segment is projected to dominate the market size in 2024
The offline market segment held the largest market share in the global smart doorbell industry in 2023. The surge in demand for smart doorbells can be attributed to escalating home security concerns and the burgeoning smart home market. Offline sales channels, including retail stores and home improvement centers, offer consumers a tangible experience with the product, instilling trust and confidence in their purchasing decisions. Furthermore, these channels provide a personalized shopping experience, enabling sales representatives to guide customers in selecting the optimal smart doorbell that caters to their specific requirements.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
In the smart doorbell market landscape of 2023, wired doorbell cameras held a significant market share. These wired solutions cater to various aesthetic preferences, ranging from vintage to contemporary designs. The reliability and consistency of a wired connection make wired smart doorbells a preferred choice for homeowners. Equipped with advanced features such as video recording, motion detection, and night vision, these devices enable effective home monitoring and intruder deterrence. Moreover, their seamless integration with other smart home devices like security cameras, smart locks, and voice assistants adds to their appeal, fueling the anticipated surge in demand and driving the expansion of the global smart doorbell market throughout the forecast period.
North America is forecasted to hold the largest market size by region in 2024
The Smart Doorbell market represents a significant growth opportunity for technology companies. This innovative device, which integrates video and audio capabilities into doorbells, offers enhanced security and convenience for residential and commercial properties. Market research indicates robust demand, driven by increasing home automation trends and consumer preference for smart home solutions. Businesses that invest in this sector can expect substantial returns through product innovation, strategic partnerships, and effective marketing strategies.
The Smart Doorbell Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Smart Doorbell market is experiencing positive growth as consumers increasingly prioritize safety and security in their homes and even in hotel rooms during travel. Infrastructural development and advancements in technology have led to the availability of smart doorbells with features such as two-way audio systems, AI capabilities, and high-definition cameras. These devices allow individuals and families to monitor their homes in real-time, receive notifications when a visitor is at the door, and communicate with them via tablets or smartphones. Smart doorbells, such as the popular Ring Video Doorbell, offer real-time protection against intruders and provide peace of mind for homeowners. With the integration of Wi-Fi and AI features, these devices can detect visitors and distinguish between humans and animals, reducing false alarms. However, with the increasing use of smart security devices comes concerns about data breaches and cybercrime. As the market continues to grow, it is essential to prioritize safety practices and invest in cheaper, yet effective, smart doorbell cameras to ensure the well-being of families and individuals.
Market Research Overview
The Smart Doorbell market is experiencing positive growth as businesses and consumers seek to de-risk their properties from disruptions such as crime. With inflation risk and supply chain challenges, the demand for smart security devices, including doorbell cameras, is on the rise. Urbanization and the increasing crime rate have made personal security a priority for families and individuals. Smart doorbells offer convenience and flexibility with features like remote locking & unlocking, notifications, and two-way audio systems. Security systems, building automation, and burglar alarms have evolved to include internet-controlled devices such as smart doorbells with cameras, speakers, microphones, and webcams. The market for smart doorbells is not limited to residential use but also includes commercial spaces like lobbies, hotels, and luxury properties. The integration of AI features, real-time protection, and cybersecurity measures like encryption and two-factor authentication add to the appeal of these devices. E-commerce retailers and physical stores alike are embracing digitalization and home automation, making smart appliances like smart doorbells increasingly accessible to consumers. The convenience of receiving notifications on tablets and smartphones and the ability to communicate with visitors in real-time add to the appeal. However, the market is not without challenges, including cybersecurity threats like data breaches and cybercrime. Cheaper price points and counterfeit doorbell cameras pose risks to consumers. Installation and the cost of commercial space are also factors to consider. Overall, the smart doorbell market offers a range of benefits from home safety and rising awareness to luxury and comfort, making it an essential part of modern safety practices.
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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
