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Consumer-grade surveillance camera market will exceed $9.7 billion in 2023
- Apr 19, 2018 -

Strategy Analytics' recent research report, "Smart Home Surveillance Camera Market Analysis and Forecasting," points out that cameras with a full set of software and service features below the $200 price point will promote the growth of the smart home surveillance camera market. The report predicts that by 2023 consumers in the global market will spend more than US$9.7 billion on smart home surveillance cameras; ADT, security service providers such as Alarm.com and Vivint, and independent camera vendors such as Amazon, Netgear and Nest will lead the market. . Strategy Analytics' recent research report, "Smart Home Surveillance Camera Market Analysis and Forecasting," points out that cameras with a full set of software and service features below the $200 price point will promote the growth of the smart home surveillance camera market. The report predicts that by 2023 consumers in the global market will spend more than US$9.7 billion on smart home surveillance cameras; ADT, security service providers such as Alarm.com and Vivint, and independent camera vendors such as Amazon, NetGear and Nest will lead the market. . Strategy Analytics evaluated market trends, competition landscape analysis, and consumer spending up to 2023, as well as market forecasts for terminal sales in different types and price segments. . The report also provides insight into the impact of technological advances and product trends on companies seeking to exploit this market opportunity. Jack Narcotta, Senior Industry Analyst, Smart Home Practice, Strategy Analytics, stated, “We have identified a market hot spot for the research and analysis of the smart home surveillance camera market. We expect the video doorbell to be the fastest growing segment by 2023. Its market size will reach 1.4 billion U.S. dollars, which is higher than this year's 500 million U.S. dollars.” This report details how leading companies shift from hardware specifications to software-based and service-differentiated advantages. This transformation is achieved through greater integration of artificial intelligence. To enhance continuous efforts in face recognition, target tracking and contextual notification. In addition, it also discusses the impact of partners and mergers and acquisitions, and analyzes the trend of the four price ranges: entry-level, mid-range, high-end and professional consumers.


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