The Wireless Home Security Camera by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wireless Home Security Camera, 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.
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.
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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
Product innovations have emerged as a key trend gaining popularity in the wireless home security camera market. Major players operating in the wireless home security camera market are focused on innovating products to sustain their position in the market. For instance, in September 2022, Lorex Technology, a Canada-based home and business security company, launched the Lorex 4K spotlight indoor or outdoor Wi-Fi security camera with smart security lighting. This cutting-edge 4K Wi-Fi security camera with Smart Security Lighting and Wi-Fi 6 Technology was first introduced to the market by Lorex. With reduced downloading time and faster transmission, Wi-Fi 6 offers excellent resolution quality without interfering with other online activities. Due to its color night vision and infrared night vision capabilities, this camera also captures clear nighttime video in any lighting situation.
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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26. South America Wireless Home Security Camera Market
27. Brazil Wireless Home Security Camera Market
28. Middle East Wireless Home Security Camera Market
29. Africa Wireless Home Security Camera Market
30. Wireless Home Security Camera Market Competitive Landscape And Company Profiles
Top Major Players:
- Arlo Technologies Inc
- SimpliSafe Inc
- CP Plus International Pty. Ltd
- D-Link Corporation
- Guardian Protection Services
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