Global Home Security Camera Market is estimated to grow at a CAGR of 8% from 2023
Home Security Camera Market Research Report- Forecast 2023 | MRFR
Pune, India, July 12, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Home Security Camera Market.
Home Security Camera Market Highlights
In this rapidly changing world of technology, home security camera market is projected to show major growth prospects during the forecast period. Security issues in developing countries is the major factor driving the growth of home security camera market.
As compared to other regions, the home security camera market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of home security camera market. This is owing to the presence of large number of established key players and increasing need for security in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity to deploy the video content on cloud and is expected to be a major factor for the growth of home security camera market. Increasing investments in smart homes projects is another factor contributing to the growth of home security camera market.
The home security camera market is growing rapidly over 8% of CAGR and is expected to reach at approx. USD 11 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Home Security Camera Market Research Report-Forecast to 2023”.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/home-security-camera-market-3787
Home Security Camera Market SegmentationThe home security camera market has been segmented on the basis of product, type, resolution, deployment and service. The resolution segment is further bifurcated into non HD, HD, full HD and ultra HD. Out of which, the most commonly used resolution is the full HD 1080p owing to the factors like high resolution and low cost that influence the camera users to shift from HD to full HD.
The prominent players in the home security camera market are – Hikvision (China), Motorola (U.S.), Leshi Video Type Co. Ltd (LSVT) (China), Netgear (U.S.), Zmodo (China), Nest Cam (U.S.), Icontrol Networks (U.S.), Canary (U.S.), Amcrest Technologies (U.S.), Uniden (Japan), among others.
Market Research Analysis:The global home security camera market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. In the global home security camera market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, home security camera market is projected to contribute faster to the growth of revenue backed by increasing demand for innovative products and growing demand for smart homes in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of home security camera market. In Europe, the high standards of living of people have led to an increase in investments in smart homes and hence is the major driving factor for the growth of home security camera market. The presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries are other factors driving the market growth of Home security camera market.
Home security camera market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. Home security camera market in Middle East and Africa occupies a relatively smaller pie of the global Home security camera market.
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