The global doorbell camera market size is expected to reach USD 2.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.3% over the forecast period. Rising security concerns attributed to increasing crime rates at a global level are expected to promote the scope of doorbell camera as these devices act as the evidence providers in various cases.
In recent years, it has been noticed that most real estate builders and architects are considering doorbell cameras as an element of basic amenities. In terms of geography, the Asia Pacific region is expected to register the fastest CAGR of 11.3% from 2019 to 2025 owing to the increasing number of middle-class income groups in developing economies
Product innovation is expected to remain a critical success factor among the industry participants. And wired products accounted for more than 60.0% share of the global revenue in 2018, whilst wireless products are expected by the researchers to register the fastest CAGR of 10.6% from 2019 to 2025 owing to high level of convenience offered to the consumers by wireless products.
Online distribution channels are expected to expand at the fastest CAGR of 10.7% from 2019 to 2025. Key industry participants, mentioned by the analysts as being included in the global doorbell camera market, are August Home; Auxtron; Hikvision; IFI Homes; Napco; Ring; Skybell; Vivint; Vtech; and Zmodo