Home Security Camera market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Home Security Camera market by region.
The global home security camera market is projected to reach the value of USD 1,306.3 Million by 2023.
A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market Home Security Camera.
Global Home Security Camera Market, Product (Dome Security Camera, Bullet Security Camera, IP Security Camera), Type (Indoor Security Camera, Outdoor Security Camera), Resolution (Non-HD, HD), Services (Professional, Managed) – Forecast till 2023
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Utilization of surveillance camera is widely seen in workplaces and stores for quite a while, but security has turned out to be the foremost concern in the residential spaces also. Likewise, with the headways in wireless innovations, surveillance and security camera solutions have additionally progressed. The home security camera is a kind of surveillance camera which is installed outside or inside a building or house for monitoring activities happening in both the inner and outer premises. There are different types of cameras including wireless camera, dome camera, IP camera, and PTZ camera which helps the users in monitoring and controlling the camera through the help of their smartphones. The home security cameras are widely available with varieties of sizes, specifications, and resolution, but their chief function is to store and capture a video due to security reasons. The global home security camera market is projected to reach the value of USD 1,306.3 Million by 2023.
The main factors propelling the growth of the home security camera market are easy installation process of surveillance cameras and the expanding consciousness of security needs. Presentation of new features, for example, movement detection and identification with instant message alarms and remote view on cell phones have highly influenced the home security camera market and its growth.
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The global home security camera market is divided on the basis of its resolution, type, product, and services. On the basis of its product, the market is again segmented into the bullet security camera, dome security camera, IP security camera, PTZ security camera, thermal security camera, and others.
On the basis of its type, the global market is classified into an indoor and outdoor security camera. Based on its resolution, the market is further bifurcated into HD and non-HD. On the basis of its services, the market divided into professional and managed services. Lastly, based on its geographical demand, the global home security camera market is divided into regions like North America, Asia Pacific, Europe, and Rest of the world.
The major players in the global home security camera market are Motorola Home (U.S.), Hangzhou Hikvision Digital Technology Co. Ltd (China), Shenzhen Leshi Video Tech. Co., Ltd (China), ADT Security Services (U.S.), Netgear, Inc. (U.S.), FrontPoint Security Solutions, LLC (U.S.), among others.
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected almost every industry. The market witnessed a significant decline in investments, mainly in the energy and power sector. According to the estimations by the International Energy Agency, investments in the energy and power domain are projected to decrease by 10% in 2020 as compared to the pre-pandemic statistics. This indicate the condition of global marketplace along with severe challenges faced during pandemic.
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
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