Research Nester’s recent market research analysis on “Video Doorbell Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global video doorbell market in terms of market segmentation by type, distribution channel, end-user, and by region.
Growing Security Concern to Promote Global Market Share of Video Doorbell
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The global video doorbell market is estimated to grow majorly on account of the increasing cases of burglary, and trespassing that has raised concern regarding the safety and security of people. As a surveillance camera system results in about 50% of crime reduction, it is one of the key factors propelling the video doorbell market. Also, video doorbell purchases are likely to rise owing to the rapid penetration of the internet and a rising number of connected devices owing to which most amenities are managed with a single tap. Moreover, consumers are getting more fascinated by smart security systems and their several benefits such as easy installation, flexibility mixed with good security, remote locking & unlocking, and the potential to provide quick notifications in the event of a crime. For instance, in 2021, the global video doorbell grew to almost 12 million units. The arrival of new companies with new technological advancements in the globally connected doorbell business is anticipated to drive the sale of the product. It was found that the sales of smart doorbells grew by around 27% in 2022.
Some of the major growth factors and challenges that are associated with the growth of the global video doorbell market are:
Growth Drivers:
- Growing Urbanization
- Increasing Efforts to Provide Public Safety and Security
Challenges:
The growing concern for risks associated with data security with video doorbells, and the high cost of technologies that are newly developed are some of the major factors anticipated to hamper the global market size of video doorbells. Due to the expensive nature of smart technologies, people are reluctant to adopt them initially. This, for now, is a major concern for restricted demand.
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By type, the global video doorbell market is segmented into wired, and wireless. The wireless segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The substantial development of internet infrastructure globally along with the rise in the adoption of various wireless services including Wi-Fi is anticipated to boost the segment growth. The wireless video doorbells underwent several developments and have developed the potential to provide quick notifications in the event of a crime as these doorbells are hooked up to the internet, which helps to increase the safety of the owners.
By region, the Asia Pacific video doorbell market is to generate the highest revenue by the end of 2035. This growth is anticipated by the growing construction activity in the region as well as the increasing development of smart cities, smart homes, and automated buildings with the government pioneering digital technologies and initiatives in the countries like Singapore, China, South Korea, and others. According to the findings, China has approximately 500 smart city pilot projects, which is the highest in the world. It is observed that smart technologies are already integrated throughout smart houses in many of these countries. Moreover, the advances in the field of artificial intelligence and machine learning are expected to drive the demand for connected doorbells in the commercial sector.
This report also provides the existing competitive scenario of some of the key players of the global video doorbell market which includes company profiling of Amazon.com, Inc., Google LLC, SkyBell Technologies Inc., Shenzhen VStarcam Technology Co., Ltd, Panasonic Corporation, dbell Inc., Owlet Home LLC, Assa Abloy AB, Netvue Inc., Night Owl SP, Vivint Smart Home, Inc.,
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