Video doorbell market is projected to grow at a CAGR of 17.54% during the forecast period, reaching a total market size of US$2.940 billion in 2024 from US$1.115 billion in 2018. A video doorbell is a device that notifies the homeowner when a visitor arrives at the door. The video doorbells provide enhanced security from theft and crime due to the inclusion of night vision and motion detector sensors in it. It also enables the homeowners to speak and see the visitor without even going to the door. The video doorbell market is growing due to the increasing urbanization and the rising per capita income. Also, the growing internet penetration, rapid adoption of cloud storage technology, and the increasing pace of transition to digitalization are boosting the demand. Furthermore, the increasing demand for smart homes, easy accessibility, convenient installation, and technological advancement is supporting the video doorbell market growth. However, internet connectivity issues and the threat of hacking is a concern for the market.
The “Video Doorbell Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, distribution channel, and geography.
The video doorbell market has been segmented based on product type, distribution channel, and geography. Based on product type, the market is classified as wired video doorbells and wireless video doorbells. By distribution channel, the market is classified as online and offline.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the video doorbell market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the video doorbell market.