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Wireless Home Security Camera Market Trends

  • Report ID: GMI5276
  • Published Date: Jul 2024
  • Report Format: PDF

Wireless Home Security Camera Market Trends

Integration with smart home ecosystems is a prominent trend in the wireless home security camera industry. Security cameras with seamless connectivity to other smart products, such as voice assistants, smart locks, and lighting systems, are preferred by consumers. Improved automation and control are made possible by this connection, which offers a complete security solution controlled via a single interface. The market for wireless home security cameras is seeing growth and adoption as smart homes become more commonplace. This is due to the growing desire for networked and interoperable security systems. For instance, in June 2023, Arlo introduced a camera that can activate smart lights and alarms when movement is detected, providing a more consistent and automated security experience.
 

The adoption of advanced AI and analytics is a prominent trend in the wireless home security camera market. AI technologies improve the functionality and accuracy of security cameras through features like facial recognition, motion detection, and behavioural analysis. These advancements enable cameras to differentiate between potential threats and non-threatening activities, reducing false alarms and enhancing overall security. Furthermore, AI-powered analytics provide valuable insights and predictive capabilities, allowing users to proactively address security concerns. As AI technology evolves, its integration into wireless home security cameras offers smarter, more reliable security solutions to consumers. For instance, in January 2024, Nest launched a new wireless home security camera with cutting-edge AI-powered facial recognition technology. This camera can accurately identify familiar faces and distinguish them from strangers, learning and improving over time. It reduces false alarms by recognizing regular visitors and ignoring harmless activities like pets.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for wireless home security camera was valued at USD 7.99 billion in 2023 and is anticipated to register over 15% CAGR between 2024 and 2032, driven by demand for remote monitoring solutions and growing affordability and accessibility.

The IP camera segment in the wireless home security camera market is expected to reach USD 20 billion by 2032 due to their superior functionality, remote access, scalability, and seamless smart home integration.

North America market held 36% revenue share in 2023, owing to high smart home tech adoption, rising theft concerns, and demand for advanced remote monitoring solutions.

Arlo Technologies, Inc., D-Link Corporation, Google LLC, Ring (Amazon), SimpliSafe, Inc, Xiaomi Corporation, and Vivint, Inc.

Wireless Home Security Camera Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 305
  • Countries covered: 22
  • Pages: 210
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