The Asia Pacific Smart Home Security Cameras Market would witness market growth of 17.9% CAGR during the forecast period (2020-2026). Security camera use has been in place in offices and stores for a long time, but now security has also become paramount in the residential sector. As a result, the segment of home security cameras is gaining immense popularity among consumers. Surveillance camera applications have also progressed with advancements in wireless technologies. There has been a significant increase in commercial and residential security concerns in countries such as India and China. China currently has the largest number of surveillance cameras installed in the world around the country. As a result, the region has become lucrative for companies selling home security cameras.
In addition to monitoring inside or outside the home, modern in-house security cameras provide a range of features, ranging from push notifications to mobile apps, facial recognition technology, and voice control. With so many new options for home security cameras, it can be hard to narrow down the right choice for your home. Almost everybody is searching for options to save on their homeowners' insurance, and an in-house security camera might be a key to reduce the insurance premium.
Asia Pacific is projected to grow at the highest CAGR. China is a major player in the global market due to the rising growth of infrastructure as well as rising construction activities to meet the growing population. Significant home improvement projects undertaken by consumers due to rapid urbanization and the growing purchasing power of people in the region are boosting demand for smart home security solutions, like smart security cameras. The growing trend of smart homes, coinciding with the demand for smart home automation and security appliances, is influencing the regional market. In addition, increasing consumer awareness of the increasing rate of crime is boosting the adoption of a smart security camera.
Based on Application, the market is segmented into Doorbell Camera, Indoor Camera and Outdoor Camera. Based on Product, the market is segmented into Wired and Wireless. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Smart Home Security Cameras Market in Asia Pacific is expected to register a CAGR of 17.9% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Godrej Group (Godrej Security Solutions), Samsung Electronics Co., Ltd. (Samsung Group), Arlo Technologies, Inc., Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), SimpliSafe, Inc., Protect America, Inc., FrontPoint Security Solutions, LLC, Skylinkhome Technologies, Inc., and iSmart Alarm, Inc.
Market Segmentation:
By Application
By Product
By Country
Companies Profiled
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