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

11 jui 2020
Samsung Biologics (207940.KS) has further expanded its partnership with STCube through an additional development and manufacturing service agreement of STM418, an anti-PD1 immuno-oncology candidate. STM418 received much attention from the biopharma...

11 jui 2020
A new AI-based problem-solving platforms developer, KF Solutions, was launched in Dubai with the aim to pave the way for businesses in the post-COVID-19 world. Founded by Kareem Farid, KF Solutions moves beyond "digital transformation" and addresses...

11 jui 2020
Electronic Arts Inc. today revealed EA SPORTStm UFC® 4 featuring UFC® middleweight champion Israel "The Last Stylebender" Adesanya and UFC welterweight contender Jorge "Gamebred" Masvidal as the game's official cover athlete duo. The next game in...

11 jui 2020
Health Vector helps pharmaceutical companies engage with patients by supporting and empowering people along their unique life journeys. The versatile solution focuses on interventional and non-interventional studies, as well as post marketing...

11 jui 2020
This month Rock West Composites (RWC) announces the addition of 3Form Varia Ecoresin® carbon fiber architectural panel products to its lineup. Carbon fiber has a high-end look that is valued in architecture and interior design projects. By encasing...

11 jui 2020
United Imaging, a global leader in advanced medical imaging and radiotherapy equipment, continues to set a new standard in molecular imaging and redefine nuclear medicine. The company has begun unveiling new technology that showcases more of its...



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