Le Lézard
Classified in: Science and technology
Subjects: Photo/Multimedia, Product/Service

Strategy Analytics: Global Smart Home Camera Market to Top $7.9 Billion in 2019

Strategy Analytics projects consumers globally will spend nearly $8 billion on smart home cameras in 2019, including video doorbells, and spending will grow at a 14% CAGR through 2023 to nearly $13 billion. Strategy Analytics' report "2019 Smart Home Surveillance Camera Market Forecast and Analysis" predicts that by 2023 camera sales to consumers globally will surge to more than 111 million units, growing at a 19.8% CAGR and nearly tripling 2019's total.

Strategy Analytics' Smart Home Strategies (SHS) research service report analyzes how the growth rates of camera units and consumer spending will accelerate through 2023, aided by shrinking purchase prices and stronger demand for video doorbells. Additionally, entry-level and midrange cameras from Wyze, Xiaomi, Kasa Smart, Ring, EZVIZ, Zmodo, and dozens of Chinese brands will drive camera sales. Consumer spending growth for indoor and outdoor cameras will be driven by premium cameras priced at more than $100 offered by interactive security companies in the US such as Alarm.com, ADT, and Vivint, as well as consumer technology stalwarts Ring, Nest, and Arlo.

Strategy Analytics predicts growth in consumer spending on video doorbells from 2019 through 2023 will be the highest of any camera category. The list of video doorbell manufacturers has grown significantly over the last two years, with EZVIZ, Zmodo, Eufy, Remo+, and SimpliSafe entering the arena to compete with Ring, Skybell, Nest, and Vivint.

"Video doorbells are smart home camera market superstars," said Jack Narcotta, Senior Industry Analyst, Smart Home Strategies. "Video doorbells will become an important segment in their own right. Additionally, smart home device companies will find video doorbells to be a key ingredient that helps bring consumers into their respective smart home ecosystems and helps spur purchases of additional cameras."

"Smart home cameras are no doubt a central pillar for many smart home device companies," said Bill Ablondi, Director, Smart Home Strategies. "Many companies have taken positive steps to prepare their portfolios for shifts in market and customer dynamics, and this will help accelerate adoption, boost demand, and improve a company's chance for long-term success in the smart home market."

About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com

For more information about Strategy Analytics
Smart Home Strategies: Click here

These press releases may also interest you

at 00:57
Autohome Inc. ("Autohome" or the "Company") , a leading online destination for automobile consumers in China, today announced the appointment of Mr. Jingyu Zhang, together with the incumbent president Mr. Haifeng Shao, as a co-president of the...

at 00:15
Paidy Inc. ("Paidy"), the instant buy-now pay later payment service, announced that Paidy is now available on Amazon.co.jp (referred to as "Amazon") as a payment option for customers. With the goal of removing barriers and embracing simplicity,...

at 00:00
Roll-Kraft Ltd. has purchased and installed a new Computer Numerical Control Machine (CNC) at its location in Woodbridge, Ontario. Roll-Kraft Ltd. manufactures new roll tooling and reconditions worn tooling for companies that produce tube and pipe...

21 nov 2019
Wellington Drive Technologies (Wellington), a leading provider of Internet of Things (IoT) solutions and energy efficient motors to the retail food and beverage industry, today announced an upgrade of its earnings guidance for the 2019 financial...

21 nov 2019
The Smart City Expo 2019 in Barcelona is hosting over 700 city delegates from 140 countries on Nov. 19-21. There were 450 projects submitted to the prestigious Smart City Expo 2019 award competition. Jerusalem and Axilion have qualified to the finals...

21 nov 2019
Triple E Technologies, LLC (Triple E), a product line of Red River Software, announced today the roll out of the newest version of their OneTouch software. OneTouch Suite version 5.33 is PCI certified, complying with the highest level of industry...

News published on 21 october 2019 at 11:00 and distributed by: