Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.7 Billion | USD 50.8 Billion | 20.2% | 2023 |
FrequentlyAsked Questions
A smart home security camera is a linked surveillance tool used to monitor and improve house security by sending video footage across the internet.
Rising security issues, growing smart home usage, and developments in IoT and artificial intelligence are driving consistent growth in the smart home security camera market.
According to the report, the global smart home security camera market size was worth around USD 9.7 billion in 2023 and is predicted to grow to around USD 50.8 billion by 2032.
The global smart home security camera market is expected to grow at a CAGR of 20.2% during the forecast period.
The global smart home security camera market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and the growing technological innovation.
The global smart home security camera market is dominated by players like Vivint Smart Home, Inc., ADT Inc., SimpliSafe, Inc., Brinks Home Security, Xiaomi Inc., Skylinkhome, Samsung Electronics Co, Ltd., Frontpoint Security Solution, LLC, Arlo Technologies, Inc., Wyze Lab, Inc., blink, eufy (Anker Innovations) and Ring LLC among others.
The smart home security camera market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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