Video Doorbell Market Trends: High Internet and Smartphone Penetration
VANCOUVER, BC, CANADA, March 21, 2022 /EINPresswire.com/ — A video doorbell, also known as a doorbell camera, is an outdoor camera installed on the front door of a home and connected to smartphones or to other electronic devices via the Internet. The video doorbell notifies the owner of the guest or person present at the door. There are different types of camera doorbells available in the market with various features such as microphones, up and down video, motion detection, night vision, voice assistant and intercom compatibility among others. . Growing concerns about thefts have encouraged people to deploy video doorbells. Factors such as increasing investment in research and development activities by major market players to develop more advanced products, growing awareness of the importance of video doorbells, and increasing demand for smart homes are driving the global market growth.
The global video doorbell market size is expected to reach USD 5.74 billion by 2028 and register a CAGR of 17.3%, according to the latest report from Emergen Research. Key factors such as increasing adoption of artificial intelligence (AI), rapid growth in digitalization, and growing need for video doorbell deployment are driving the revenue growth of the global market.
The factors influencing the growth of the Video Doorbell market and having an impact on the growth of the industry are studied in detail in the report. The report considers the COVID-19 pandemic as one of the major influencing factors for the Video Doorbell market. The report examines in detail the positive and negative impact of the pandemic on the Video Doorbell industry. Supply chain disruptions and economic volatility have changed the dynamics of the video doorbell industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimate of market growth in a post-COVID-19 scenario.
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Some highlights of the report:
• Among product types, the wireless segment is expected to experience significantly rapid revenue growth due to factors such as easy deployment without damaging walls, remote accessibility. Additionally, these types of video doorbells are in demand due to their great convenience as they do not involve wiring, and modern homes generally do not allow drilling and wiring after construction.
• Based on the distribution channel, the online segment is expected to register a rapid revenue CAGR throughout the forecast period. Availability of a variety of video doorbell products on various online portals, increasing number of reliable online platforms at favorable discounted rates, and home deliveries are key factors driving the growth of the segment. Moreover, these online platforms offer better profit margins to manufacturers.
• Among the application segments, the residential segment is expected to account for significant revenue growth over the forecast period. Rapid urbanization, rising security concerns, increasing inclination for smart homes and rising awareness about the benefits of video doorbells in developing and developed countries are some of the key factors driving the demand for video doorbells in the residential sector.
The Video Doorbell research report also includes an in-depth study of key industry players along with their business overview, strategic planning, and business expansion plans adopted by them. It helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, agreements with companies and governments, etc. The report also talks about the expansions that these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
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Leading companies studied in the Video Doorbell report are:
Ring, Kwikset, Aiphone, SmartThings, Smanos. AMOCAM Technology, SkyBell, Equeshome, Zmodo, and VTech Communications are major players operating in the video doorbell market.
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Based on regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The market is expected to be dominated by North American countries, closely followed by European countries. Asia-Pacific is expected to show significant growth due to recent progress and increased investment in the R&D sector.
For this study, Emergen has segmented the global video doorbell market on the basis of product type, distribution, application, and region:
• Product Type Outlook (Revenue, USD Billion, 2018 – 2028)
• Distribution Channel Outlook (Revenue, USD Billion, 2018 – 2028)
• Application Outlook (Revenue, USD Billion, 2018 – 2028)
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The report addresses the following key points:
• The report provides a forecast of market drivers, restraints, and future opportunities for the Video Doorbell Market
• The report further analyzes changing market dynamics
• Regional analysis and market segmentation with analysis of regions and segments expected to dominate market growth
• Comprehensive competitive landscape mapping with key competitor profiles
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by key companies
• Revenue forecast, country scope, application information and product information
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