Cloud Camera Market is Estimated To Witness High Growth Owing To Rising Adoption of IoT

 

Cloud Camera Market

The global Cloud Camera Market is estimated to be valued at US$ 12.88 Bn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Cloud cameras provide wireless & portable security and have advantages like remote monitoring, motion detection alerts, video recording and playback anywhere. With rise in smart homes and security concerns, need for cloud cameras is increasing.

 

Market key trends:

One of the key trend in the cloud camera market is integration with various smart home devices and voice assistants. Cloud cameras now integrate with smart TVs, smart speakers, thermostats and other IoT devices for remote monitoring and control. They also support voice commands through integration with popular voice assistants like Amazon Alexa and Google Assistant. Users can use simple voice commands to check live feed, playback recordings, adjust settings and get alerts all through voice. This integration is driving the adoption of cloud cameras in smart homes.

Segment Analysis

The global cloud camera market is segmented into product type, resolution, end use, and geography. Based on product type, the market is categorized into bullet cameras, dome cameras, box style cameras, and thermal cameras. The dome cameras segment dominated the market in 2023 and is expected to continue its dominance over the forecast period owing to its superior image quality and 360-degree field of view coverage.

 

Key Takeaways

The Global Cloud Camera Market Size is expected to witness high growth, exhibiting a CAGR of 14% over the forecast period, due to increasing security concerns among residential and commercial users globally.

 

Regional analysis

North America dominated the cloud camera market in 2023 and is expected to continue its dominance over the forecast period owing to technological advancements and fast adoption of security solutions among households and enterprises in the US and Canada. The Asia Pacific region is expected to witness fastest growth over the forecast period owing to increasing smart city projects and rising construction activities in developing countries such as China and India.

 

Key players

Key players operating in the cloud camera market are Arlo Technologies Inc., Ring (owned by Amazon), Nest (owned by Google, a subsidiary of Alphabet Inc.), Wyze Labs Inc., Logitech International S.A., Blink Home Security (owned by Amazon), D-Link Corporation, TP-Link Technologies Co., Ltd., Ezviz (a subsidiary of Hikvision), Reolink Digital Technology Co., Ltd., Zmodo Technology Corporation, Canary Connect Inc., Netgear Inc., Eufy Security (a division of Anker Innovations), Swann Communications Pty Ltd.

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https://www.dailyprbulletin.com/cloud-camera-market-size-share-growth-outlook-2023/

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