Smart Home Cameras Market to Grow by USD 4.98 Bn from 2022 to 2026, Driven by Innovation And Portfolio Extension Leading To Premiumization Of Products – Technavio
NEW YORK, Oct. 9, 2022 /PRNewswire/ — The “Smart Home Cameras Market by Connectivity, Distribution Channel, and Geography – Forecast and Analysis 2022-2026” report by Technavio expects the market size to grow by USD 4.98 billion between 2022 to 2026. The market observed a YOY growth of 14.07% in 2021 and the growth momentum is expected to accelerate at a CAGR of 14.78% during the forecast period. The report offers a comprehensive analysis of the current market size, future growth opportunities, key strategies adopted by vendors, new product launches, and key segments to invest in over the forecast period.
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The global smart home cameras market is a moderately concentrated market, and the competition among vendors has grown significantly over the years. There are few established players in the global smart home cameras market, and some of them enjoy a monopoly. The competitors differentiate themselves from each other based on product quality, innovation, product features, product pricing, and product portfolio. The vendors also adopt several competitive strategies to sustain their position in the market. The increasing demand for innovative home security products due to rising concern for smart home cameras and security from burglars will also make way for new entrants. However, to capture the market, the new entrants may introduce innovative solutions in the smart home cameras category. Although the probability of fresh players entering the market is high, it may challenge the existing players to improve their market share.
The report identifies ADT INC., Alarm.com, Arlo Technologies Inc, Comcast Corp., D Link Corp, Deep Sentinel Corp, Frontpoint Security Solutions LLC, Google LLC, Hangzhou Hikvision Digital Technology Co. Ltd., and Immedia Semiconductor LLC are some of the major market participants. Although the Innovation and portfolio extension leading to the premiumization of products will offer immense growth opportunities, the presence of counterfeit and low-quality in developing markets will challenge the growth of the 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 positions in the slow-growing segments. Request Sample Report Here.
Smart Home Cameras Market is segmented as below:
The smart home cameras market share growth in the wire-free smart home cameras segment will be significant during the forecast period. The smart home cameras that are wire-free are mainly battery-operated. Such type of smart home cameras is gaining attention among tech-savvy customers who want portability and easy usage of home cameras as these cameras can be moved from one room to another as they are wire-free and easily movable.
38% of the market’s growth will originate from North America during the forecast period. The US is the key market for the smart home cameras market in North America. Innovation and portfolio extension, coupled with an increased awareness of smart home cameras will facilitate the smart home cameras market growth in North America over the forecast period.
We provide a detailed analysis of around 25 vendors operating in the Smart Home Cameras Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Smart Home Cameras Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Accelerate at a CAGR of 14.78%
North America, APAC, Europe, South America, and Middle East and Africa
US, China, Japan, India, and UK
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
ADT INC., Alarm.com, Arlo Technologies Inc, Comcast Corp., D Link Corp, Deep Sentinel Corp, Frontpoint Security Solutions LLC, Google LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Immedia Semiconductor LLC, Monitronics International Inc., Resideo Technologies Inc., Ring LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., SimpliSafe Inc., Skylink Group, Vivint Smart Home Inc, Wyze Labs Inc, and Zmodo Technology Corp. Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Connectivity
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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SOURCE Technavio