Home Security Camera Market: Current Analysis and Forecast (2022-2028)

Home Security Camera Market: Current Analysis and Forecast (2022-2028)

Home security camera offers monitoring and surveillance devices for the security of the houses. Factors such as increasing investments towards the development of smart cities across the world, especially in countries such as China, India, Saudi Arabia, and Qatar will create demand for advanced electronic security solutions which would escalate the market demand for home security cameras. Moreover, the growing prominence of Asian countries as a manufacturing hub for electronic security systems, robust construction activity driven by a rise in the GDP, rising disposable incomes of an expanding base of the middle-class population, and a growing number of civil infrastructure projects are the key growth drivers in the region.

• Based on the product, the home security camera market is classified into the dome security camera, bullet security camera, and IP security camera. The IP security camera segment caters substantial share of the market. Their ability to connect to a network to inform third-party security agencies and stakeholders like homeowners remain essential to their core capabilities as digital surveillance devices. The growing crime incident cases in various countries are driving demand for feature-rich IP camera systems. Moreover, various key players are launching technologically advanced IP security cameras with systems like cloud-based security, and cameras like indoor cameras with fixed, and rotating varieties gaining increased ground in homes.
• Based on service, the home security camera market is bifurcated into professional and managed. The managed service segment caters considerable share of the market. Managed services are ongoing and typically work off of a contract. They can cover many aspects of home security issues. Managed services include 24/7 support and include continuing care for a wide variety of technical problems. Moreover, network monitoring and regular updates can help keep systems secure and efficient, avoiding the need for emergency tech help which in turn is escalating its adoption in the home security camera market.
• Based on security, the home security camera market is classified into indoor security cameras and outdoor security cameras. The indoor camera segment caters considerable share of the market. An indoor camera is an economical alternative to a full security system for a home as it helps consumers who live in small apartments and want to keep an eye on their belongings when they are not at home. Moreover, the majority of these cameras include built-in motion and sound sensors that send push and email notifications when those sensors are triggered.
• Based on the resolution, the home security camera market is bifurcated into HD and Non-HD. HD resolution segment caters to an extensive share of the home security camera market. It is mainly owing to various advantages such as high-definition footage of the camera that helps consumers see everything that happens on their property with crystal clear accuracy. In addition, a high-quality alarm system is also provided to HD cameras to provide an additional layer of protection to the consumer.
• For a better understanding of the market adoption of the home security camera the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the ease in availability of sophisticated security cameras with advanced features help in strengthening the protection of their premises. In addition, the simple installation and wide availability of the cameras are escalating its market size in the region.
• Some of the major players operating in the market include Samsung, Motorola Home, Shenzhen Leshi Video Tech. Co., Ltd, Netgear Inc., ADT Security Services, FrontPoint Security Solutions, Vivint Inc., SimpliSafe, Panasonic Corporation, and Godrej Security Solutions.