Global Smart Doorbell Camera Market 2017-2021
About Smart Doorbell Camera
A smart doorbell camera is a wireless connected doorbell, which can be connected to a smartphone through the Internet. It enables its users to attend visitors at their doors via remote access. Additionally, it can provide video interaction between visitors and the host, and enable live or recorded videos with the help of an integrated camera within the unit. Some of the key vendors in this segment are planning to add cloud-storage subscription features to the system that will allow the user to keep the doorbell activity log available for a longer period.
Technavio’s analysts forecast the global smart doorbell camera market to grow at a CAGR of 69.19% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global smart doorbell camera market for 2017-2021 . To calculate the market size, the report considers the revenue generated through the retail sales of different types of smart doorbell cameras.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Doorbell Camera Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart doorbell camera market: August Home, Ring, and SkyBell Technologies
Other Prominent Vendors in the market are: dbell, Ding Labs, EquesHome, Smanos, Vivint, and Zmodo.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in the launch of new and technologically advanced products. The key players must focus on upgrading or launching new products to increase their customer base and maintain a competitive edge in the market. For example, Motorola launched Xchime in July 2017, which is a new application-controlled HD smart doorbell camera that has a night vision camera. It also allows review and playback of recorded content. Moreover, Ring launched a new smart doorbell camera in July 2017. It is called the Ring Video Doorbell Elite, which is a flush-mounted doorbell. It can be hardwired to the smart home and powered over Ethernet with the option to connect through Wi-Fi. It can be remotely monitored through smartphones. It has a field view of 160-degree horizontal and 90-degree vertical, where motion zones with motion-activated alerts can be created and customized to notify homeowners when any new movement is detected near their house. Additionally, it has an infrared camera equipped with night vision.”
According to the report, one of the major drivers for this market is Advent of home automation. The demand for smart homes and smart home security is increasing globally. A smart home provides appropriate security facilities to homeowners. Security cameras, smart doorbells, intruder alarms, and smoke detectors help to control and detect the presence of an intruder with the aid of motion sensors and detectors. Smart wireless doorbells notify homeowners automatically in case an intruder's presence is sensed. Home automation, also known as or domotics, is a term used for smart home technology that helps in controlling the house remotely. This technology controls the lighting; heating, ventilation, and air conditioning (HVAC); and security of the house. Moreover, using this technology, one can have control over home appliances like washers or dryers, ovens, refrigerators, and other electronic devices. Wi-Fi is the main mode of connectivity, which is often used to control the house remotely. This technology is an important constituent of the IoT.
Further, the report states that one of the major factors hindering the growth of this market is Intense rivalry among key vendors. The global smart doorbell camera market is a highly concentrated market, which is characterized by the presence of a limited number of competitors, and it is mainly dominated by Ring. Vendors compete on the basis of technology, wherein they focus more on providing high-quality and innovative products to consumers without compromising on the price range. They provide similar products at comparable prices, which makes the competition more intense and poses a threat to the market.
August Home, Ring, SkyBell Technologies, dbell, Ding Labs, EquesHome, Smanos, Vivint, and Zmodo.