Home Security Camera Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Dome Security Camera, Bullet Security Camera, And IP Security Camera); Service (Professional and Managed); Security (Indoor Security Cameras and Outdoor Security Cameras); Resolution (HD and Non-HD); Region/Country
The global Home Security Camera Market is expected to grow at a significant rate of around 11% during the forecast period. 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.
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.
Insights Presented in the Report
“Amongst camera, IP security camera category to witness robust CAGR during the forecast period”
Based on the camera, 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.
“Amongst service, managed service segment to hold a significant share in the market in 2020”
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 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.
“North America to hold a significant share in the market”
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Home Security Camera Market|
|2.2.||Research Methodology of the Home Security Camera Market|
|5||IMPACT OF COVID-19 ON THE HOME SECURITY CAMERA MARKET|
|6||HOME SECURITY CAMERA MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Dome Security Camera|
|7.2.||Bullet Security Camera|
|7.3.||IP Security Camera|
|9.1.||Indoor Security Camera|
|9.2.||Outdoor Security Camera|
|11.1.3.||Rest of North America|
|11.2.6.||Rest of Europe|
|11.3.4.||Rest of Asia-Pacific|
|11.4.||Rest of the World|
|13||HOME SECURITY CAMERA MARKET OPPORTUNITIES|
|14||HOME SECURITY CAMERA MARKET TRENDS|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porters Fiver Forces Analysis|
|18.3.||Shenzhen Leshi Video Tech. Co., Ltd|
|18.5.||ADT Security Services|
|18.6.||FrontPoint Security Solutions|
|18.10.||Godrej Security Solutions|
Research Methodology for the Home Security Camera Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Home Security Camera market were the three major steps undertaken to create and analyze the adoption of Home Security Camera in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Home Security Camera market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Home Security Camera market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Home Security Camera market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as a product, service, security, and resolution. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Home Security Camera market. Further, we conducted factor analysis using dependent and independent variables such as various product, service, security, and resolution. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Home Security Camera market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Home Security Camera market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Home Security Camera market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Home Security Camera market in terms of the product offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Home Security Camera market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, service, security, and resolution in the global Home Security Camera market.
The main objective of the Global Home Security Camera Market Study
The current & future market trends of the global home security camera market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Home Security Camera market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type of product, service, security, and resolution.
- Define and analysis of the regulatory framework for the Home Security Camera
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Home Security Camera market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Home Security Camera market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry