Home Security Camera Market Research Report by Forecast to 2023

Posted by Kiran on November 14th, 2019

Home Security Camera Market Highlights:

Home security cameras are used for surveillance and can be deployed both outside and inside the premises. These cameras are gaining popularity as security measure to detect suspicious activities. The global home security camera market, as per Market Research Future (MRFR)’s study, is expected to register 10% CAGR across the assessment period. The valuation of the market is prognosticated to grow from USD 738.9 Mn in 2017 to over 1300 Mn by 2023.

Increasing disposable income, in conjunction with rising urban population, has led to a shift towards smart homes.  This, in turn, is anticipated to generate the demand for Home Security CameraMarket in the years to come. The rising standards of living are also expected to influence the home security camera market positively over the next couple of years.

The rising cases of theft and increasing awareness about the same is expected to motivate the expansion of the market across the assessment period. In addition, key players are providing different technologically advanced products that are easy to install. Availability of a wide range of products is prognosticated to provide impetus to market growth in the foreseeable future. However, on the other side, factors such as high price and technological complexities are anticipated to check the growth rate of the home security camera market over the next few years.

Browse Full Report Details @https://www.marketresearchfuture.com/reports/home-security-camera-market-3787

Competitive Dashboard:

Hangzhou Hikvision Digital Technology Co. Ltd (China), Godrej Security Solutions (India), Shenzhen Leshi Video Tech. Co., Ltd (China), Motorola Home (U.S.), Netgear, Inc. (U.S.), FrontPoint Security Solutions, LLC (U.S.), ADT Security Services (U.S.), Vivint, Inc. (U.S.), Panasonic Corporation (Japan), SimpliSafe (U.S.), and Nest Cam (U.S.) are some of the key participants of the global home security camera market. Technological developments are expected to keep the competition in the market going on over the next couple of years.

Market Segmentation:

The segmental assessment of the global home security camera market, on the basis of product, covers dome security camera, IP security camera, PTZ security camera, bullet security camera, thermal security camera, and others. Among these, the dome security camera segment held the maximum share of the market in 2017. It is estimated to expand at the highest CAGR over the assessment period.

• On the basis of type, the global home security camera market has been divided into outdoor security camera and indoor security camera. The outdoor security camera segment is poised to register a relatively higher CAGR and hold the pole position through the forecast period.
• The segments of the home security camera market include non-HD, and HD. Among these, the HD segment is projected to lead the market at a higher CAGR over the next couple of years.
• Based on services, the global home security camera market has been bifurcated into professional services and managed services. The professional services segment is likely to account for the maximum market share and strike the highest CAGR over the assessment period.