Overview and Scope
Wireless home security camera refers to a camera that captures photos inside or outside of a structure or in a public space to deter or solve crime. These are used to allow users to remote access their home from anywhere.
Sizing and Forecast
The wireless home security camera market size has grown rapidly in recent years. It will grow from $7.46 billion in 2023 to $8.76 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to market competition and innovation, mobile app development, rising concerns for security, smart home integration, internet accessibility expansion..
The wireless home security camera market size is expected to see rapid growth in the next few years. It will grow to $16.75 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to consumer demand shifts, market competition dynamics, security and privacy concerns, smart home ecosystem evolution, rise in diy installations.. Major trends in the forecast period include ai and machine learning integration, cloud-based storage solutions, integration with smart home devices, wire-free and battery-powered cameras, high-resolution imaging..
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Segmentation & Regional Insights
The wireless home security camera market covered in this report is segmented –
1) By Type: PTZ Camera, IP Camera
2) By Resolution: HD, 2K, 4K
3) By Distribution Channel: Online, Offline
4) By Application: Doorbell Camera, Indoor Camera, Outdoor Camera
North America was the largest region in the wireless home security camera market in 2023. The regions covered in the wireless home security camera market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for home automation is expected to propel the growth of the wireless home security camera market going forward. Home automation refers to an electronic, electrical, or technological solution that makes it possible to automate the majority of home-based duties. House automation security systems enable owners to program, oversee, and manage their home’s security configuration remotely or through an in-property dashboard, ensuring both the safety and security of the home and serving as a potential deterrent to criminals. For instance, in January 2023, according to the statistics shared by TechJury, a US-based software company, 53.9% of US houses will be automated through the smart home business by 2023. According to 81% of consumers, they are more likely to buy a new home with smart technology. $19.4 billion will be spent by households on smart security systems. Therefore, the growing demand for home automation is driving the growth of the wireless home security camera market.
Key Industry Players
Major companies operating in the wireless home security camera market report are Arlo Technologies Inc., SimpliSafe Inc., CP Plus International Pty. Ltd., Eufy (Anker Innovations), D-Link Corporation, Guardian Protection Services, Amazon.com Inc., Amcrest Technologies LLC, Frontpoint Security Solutions LLC, Vivint Inc., Swann Communications Pty Ltd., ADT Inc., Hanwha Techwin Co. Ltd., K&F Concept Technology Limited, Wyze Labs Inc., Defender Protection Systems Inc., Atoms Labs Inc., Night Owl Security Products LLC, Q-SEE Technology Inc., Corps Security Products Inc., Crystal Vision Ltd., Brinks Home Security Inc., iSmart Alarm Inc., LiveWatch Security LLC, Skylinkhome Inc., Ring LLC, Google LLC, Alarm.com LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd. .
The wireless home security camera market report table of contents includes:
1. Executive Summary
2. Wireless Home Security Camera Market Characteristics
3. Wireless Home Security Camera Market Trends And Strategies
4. Wireless Home Security Camera Market – Macro Economic Scenario
5. Global Wireless Home Security Camera Market Size and Growth
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31. Global Wireless Home Security Camera Market Competitive Benchmarking
32. Global Wireless Home Security Camera Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Home Security Camera Market
34. Wireless Home Security Camera Market Future Outlook and Potential Analysis
35. Appendix
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