Global Wireless Home Security Camera Market Size, Share, and COVID-19 Impact Analysis, By Resolution (HD, 2K, 4K), By Type (PTZ, IP), By Distribution Channel (Online, Offline), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Electronics, ICT & Media
Global Wireless Home Security Camera Market Insights Forecasts to 2030
- The global Wireless Home Security Camera market was valued at USD 7.37 billion in 2021.
- The market is growing at a CAGR of 18.7% from 2022 to 2030
- The global Wireless Home Security Camera market is expected to reach USD 30.10 billion by 2030
- The Asia Pacific is expected to grow the fastest during the forecast period
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The global Wireless Home Security Camera market is expected to reach USD 30.10 billion by 2030, at a CAGR of 18.7% during the forecast period 2022 to 2030. Wireless security cameras system, safety and security along with the video, audio, and alarm systems to the customers which can be accessed remotely from any mobile phone or tablet. The device is also featured with wide angle lens, night visions, and 2way audio.
Wireless Home security camera comes with surveillance and monitoring features for a home settings. These cameras are mostly adopted by smart homes for increasing safety and security in houses. Apart from this, there are various other features available in these cameras such as they are equipped IoT and sensors. Internet of Things has been equipped with an aim to bring automation in many homes from controlling lights to feeding pets. There are hardware and software systems options available for the camera. The camera will first detect the any or sort breach or intrusion happening in home. There are different camera variations available in the market. The cameras are integrated with light sensors which not only help in protecting from accidents but also from intruders.
Global Wireless Home Security Camera Market Report Coverage
|Market Size in 2021:||USD 7.37 Billion|
|Forecast Period 2022-2030 CAGR:||18.7 %|
|2030 Value Projection:||USD 30.10|
|Historical Data for:||2019-2020|
|No. of Pages:||205|
|Tables, Charts & Figures:||110|
|Segments covered:||By Resolution, By Region|
|Companies Covered:||Arlo Technologies, Blink, CP Plus International, Eufy, D-Link, Guardian Protection, SimpliSafe, Inc.|
|Growth Drivers:||The increasing use of IoT in smart homes is one of the key driving factors which increases the market growth.|
|Pitfalls & Challenges:||The major restraining factors of wireless home security camera market is its higher installation cost.|
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This research report categorizes the market for Wireless Home Security Camera marker based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Edge Computing market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Wireless Home Security Camera market.
The increasing use of IoT in smart homes is one of the key driving factors which increases the market growth. Consumers are shifting from mountable Wi-Fi cameras to the deployment of smart security cameras for increasing the security of their premises. These devices offer various benefits which improves their installation in several households. Apart from this, the its is very easier to install these devices and are widely available in the market which is driving the demand. All the tech companies, be it smart thermostat to smart lighting, have started launching more intelligent products than ever before. Manufacturers are now been able to develop more innovative products for various applications as they varying demands on the basis of application and usage of the devices.
The major restraining factors of wireless home security camera market is its higher installation cost. As everyone these days are aware of the benefits of installing these devices in their homes whole many are still in a dilemma about in investing them because there are lot of additional cost involved in these systems. The additional cost include maintenance installation, and operational costs. All these factors may affect the overall growth od the market over the forecast period.
- In 2021, 4K segment holds the highest market share of 15%.
Based on resolution, the global wireless home security camera market is segmented into HD, 2K, 4K. Among these, 4K segment holds the highest market share and is going to dominate the market over the forecast period owing to its capacity to deliver superior video recording in the area. Various companies like Arlo Technologies and Reolink are already engaged in manufacturing 4K wireless home security cameras which deliver 4K HDR video along with a 180 degree wide angle lens that monitors the outdoor activities. Not only this but also the demand of the 4K security cameras is going to increase due the ease of availability of the products at economical rates.
- In 2021, PTZ segment to dominate the market with the growth rate of 17%.
On the basis of type, the global wireless home security camera market is segmented into PTZ and IP. Among these, PTZ segment is anticipated to hold the largest market share of 17% over the upcoming years. The key market players are aims to focus on integrated advanced technologies with their product portfolios to improve the overall experience of the customer.
- In 2021, online segment to hold the largest market share of 45%.
Based on distribution channel, the global wireless home security camera market is segmented into online and offline. Among these the online distribution channel hold the largest market share of about 45% in 2021. Various individuals are willing to purchase wireless home security cameras from the e-commerce and website owing to the convenience provided by the companies due to the multiple payment options, price comparison, and home delivery. Apart from this, e-commerce brands are coming up with the new sales campaigns on their platforms for attracting more customers.
Regional Segment Analysis of the Wireless Home Security Camera Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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North America emerged as the largest market for the global Wireless Home Security Camera market in 2021.
- In 2021, North America had the highest revenue share of more than 40% owing to the rising focus of the government officials on the development of the existing broadband infrastructure. In April 2022, the Ontario Government has made an announcement that combined federal and provincial funding of approx. USD 56 million which support six projects for providing higher speed internet connectivity to over 6,500 households in the rural areas of Ontario. These steps will help in enhancing the reach of affordable and stable internet connection to large number of households.
List of Key Market Players
- Arlo Technologies
- CP Plus International
- Guardian Protection
- SimpliSafe, Inc.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In May 2022, Hangzhou Hikvisions Digital Technology Co. Ltd has launched a wide range of panoramic PTZ cameras which address the challenges faced while doing video recording in low light environment.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wireless Home Security Camera market based on the below-mentioned segments:
Wireless Home Security Camera Market, By Resolution
Wireless Home Security Camera Market, By Type
- PTZ Camera
- IP Camera
Wireless Home Security Camera Market, By Distribution Channel
Wireless Home Security Camera Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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