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Home Security Camera Market Highlights:

Home security cameras have become an important part of the arsenal to protect properties as opposed to traditional security measures. The insights into the industry of information and communication technology are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. An income worth USD 1,306.3 Million is expected to created by the market with a 10% CAGR by 2023.

Home security has become a serious cause of concern for home owners due to increasing crime rates in urban areas, thus boosting the Home Security Market Segmentation. Moreover, the smart home camera market is also expected to improve significantly owing to the surge in popularity of smart home devices, which will also benefit the global home security camera market 2020.

Major Key Players:

The important contenders in the home security camera market are Panasonic Corporation (Japan), Motorola Home (U.S.), SimpliSafe (U.S.), Shenzhen Leshi Video Tech. Co., Ltd (China), Hangzhou Hikvision Digital Technology Co. Ltd (China), Netgear, Inc. (U.S.), ADT Security Services (U.S.), Vivint, Inc. (U.S.), Godrej Security Solutions (India), FrontPoint Security Solutions, LLC (U.S.), and Nest Cam (U.S.), among others.

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Competitive Analysis:

The limitations in the market are constantly being studied so that breakthroughs to remove them can be undertaken. The upturn in the performance of domestic markets is expected to have a favorable impression on the growth of the market. The ability to successfully satisfy the demand forces will require the industry to excel in several areas. the variation of the workforce can enable the successful implementation of growth strategies in the market. It is also noted that the cooperation by the governments around the world in terms of relaxation of several barriers and the institution of constructive strategies is expected to put the market on a track for unparalleled development. The need to keep the market practices in sync with the environmental concerns that are looming is expected to promote the overall sustainability of the market.

Segmental Analysis:

The segmentation of the home security camera market is conducted on the basis of type, resolution, product, region, and services.

  • Based on the types, the market for home security camera is divided into indoor security camera, and outdoor security camera.
  • By resolution, the home security camera market is bifurcated into HD and non-HD.
  • Based on the services, the home security camera market is segmented into managed services and professional services. Based on the product, the home security camera market is segmented into PTZ security camera, dome security camera, thermal security camera, IP security camera, bullet security camera, and others.
  • Based on the regions, the home security camera market consists of Europe, North America, APAC and other global regions.

Detailed Regional Analysis:

The regional insights into the home security camera market are conducted on the basis of Europe, North America, Asia Pacific and other global regions. The region of North America in the home security camera market with a market worth of roughly USD 261.3 Million in 2017 and is estimated to carry on its dominance through the forecast period. The incidence of key technology goliaths and start-ups, wide implementation of home security cameras are encouraging the market growth to a great extent. Though, the Asia Pacific region is showing a major development rate of CAGR 10.4% throughout the forecast period. The region is undergoing mounting development in infrastructure, backing from government groups, and the emergence of many new companies giving services and the increase of technology are a few of the primary reasons for this sharp growth in the region.

Industry Updates:

Jan 2020 Eve Systems has recently released its latest product, the Eve Cam, which is an exclusive indoor camera made wholly for Apple HomeKit Secure Video. When linked with the HomeKit Secure Video, any activity noticed by the camera is examined by your home hub to conclude if a threat may be existing.

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