Home Security Camera Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers and Forecast To 2027
Home Security Camera Market Outlook, Strategies, Industry
Analysis, Future Scope, Key Drivers and Forecast To 2027
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 2027
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.
Segmentation
The global home security camera market is classified into the product, type,
resolution, and services.
On the basis of product, the market is further classified into dome security camera,
bullet security camera, IP security camera, thermal security camera, PTZ security
camera, and others.
On the basis of the type the market is further classified into the indoor security
camera, and outdoor security camera.
On the basis of resolution, the market is further classified into non-HD, and HD.
On the basis of services, the market is further segmented into professional services
and managed services.
The global home security camera market is studied for North America, Europe,
Asia Pacific and Rest of the world
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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