A home security camera is a surveillance camera that can be deployed either outside or inside the house/building to monitor suspicious activities happening in and around the premise. Security issues in developing countries are the major factor driving the growth of home security camera market. Use of security camera has been in existence in offices and stores for a long time, but now security has become paramount in the residential sector as well. Owing to this, home security camera segment is gaining immense popularity among the consumers.
Also, with the advancements in wireless technologies, security camera solutions have also advanced. According to a recent study report published by the Market Research Future, the global market of Home Security Camera is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
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Major Key Players:
Hangzhou Hikvision Digital Technology Co. Ltd (China) Motorola Home (U.S.), Shenzhen Leshi Video Tech. Co., Ltd (China), Netgear, Inc. (U.S.), ADT Security Services (U.S.), FrontPoint Security Solutions, LLC (U.S.), Vivint, Inc. (U.S.), SimpliSafe (U.S.), Panasonic Corporation (Japan), Godrej Security Solutions (India), and Nest Cam (U.S.) are some of the prominent players at the forefront of competition in the Global Home Security Camera Market and are profiled in MRFR Analysis.
30-May-2018 – D-Link has recently launched three new affordable smart home security cameras named the HD-WiFi Camera, Full HD Wi-Fi Camera, and Full HD Pan & Tilt Wi-Fi Camera.
31st May 2018 – Netatmo, the French leader in smart objects for a safer and more comfortable home, announces the compatibility of its surveillance cameras, Presence and Welcome, with Google Home.
Home Security Camera Market Competitive Analysis:
The market of Home Security Camera Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Home Security Camera Market Segmentation:
The Home Security Camera Market can be classified into 5 key segments for the convenience of the report and enhanced understanding;
Segmentation by Product: Comprises security camera, bullet security camera, IP security camera, thermal security camera, PTZ security camera, and others.
Segmentation by Type: Comprises indoor security camera, and outdoor security camera
Segmentation by Resolution: Comprises non-HD, and HD
Segmentation by Services: Comprises professional services and managed services
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Home Security Camera Market Regional Analysis:
North America accounts for highest market share in Home Security Camera market followed by Europe. The presence of major technology giants and start-ups, wide adoption of home security camera are promoting the market growth.
Asia Pacific shows the major growth rate due to the growing advancement in infrastructure, support from government bodies, and emergence of new companies providing services, and the rise of technology are the major reasons for this steep growth in the region.
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