Global Home Security Camera Market, Product (Dome Security Camera, Bullet Security Camera, IP Security Camera), Type (Indoor Security Camera, Outdoor Security Camera), Resolution (Non-HD, HD), Services (Professional, Managed) - Forecast till 2023
Market Highlights
Home security cameras are available in a variety of sizes and exhibit varying degrees of image quality, but their primary function is to provide a video image of what is happening in and around the house. The growing technological advancements in public and private infrastructure has propelled the demand for connected safety and solutions. The growing demand for IP based surveillance cameras is owing to the features being offered such as high-resolution image quality, improved vision, protect valuable assets, and minimize risks associated with criminal activity.
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Key players
The key players in the area of global home security camera market are 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.), among others.
Regional Analysis
North America dominates the global home security camera market with a market value of USD 261.3 Million in 2017 and is expected to continue dominance through the forecast period. The presence of major technology giants and start-ups and wider adoption of home security camera are promoting the market growth. Another major factor for home security camera market in North America is the advancement in video analytics for security and safety in homes and other commercial places. Europe was the second-largest market in 2017. Even though, there are many countries in the European Union that restrain the use of security cameras in the homes.
However, Asia Pacific shows the major growth rate of CAGR 10.4% through the forecast period. The region is experiencing growing advancement in infrastructure, support from government bodies, various emergence new companies providing services, and the rise of technology are the major reasons for this steep growth in the region. Major players like Hikvision, Leshi Video Type Co. Ltd, Net Gear, and Nest Cam are investing in the home security camera market. Recently, in April 2018, YI has launched a cloud home security camera with motion detection, two-way audio, cloud storage, and night vision with 1080p full HD support
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