Stratview Research has launched a new report, titled Wireless Security Cameras Market, By Type (Box Camera, Dome Camera, PTZ Camera, Bullet Camera, IP Camera, Day/Night Camera, Thermal (FLIR) Camera, Wireless IP Camera, Other), By Components (Hardware, Software, Video Surveillance as a Service (VSaaS)), Application (Commercial, Institutional, Border Security, City Infrastructure, Residential, Industrial), and Region
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, the global growth of wireless security cameras market size is primarily driven by widespread product usage across verticals including commercial buildings, residential buildings, and border security among others. Increasing crime rates have resulted in a significant increase in the adoption of wireless security cameras. In addition to this, the rising demand for technologically advanced security cameras is likely to create lucrative opportunities for the players operating in the global market.
Market Segments’ Analysis
Based on application, the wireless security cameras market has been divided into commercial, institutional, border security, city infrastructure, residential, and industrial. The commercial application accounted for the largest market share in 2020. The segment growth can be attributed to increasing incidences of crimes and thefts across the geographies.
By region, the North American Wireless Security Cameras market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product usage across verticals in the region particularly in the US due to the high rate of crime incidences. The market growth in the Asia-Pacific region is expected to grow at the highest CAGR during the review on account of increasing product adoption with rising cases of theft and crimes particularly in India, China, and Southeast Asian countries.
The following are the key players in the Wireless Security Cameras market-
- Dropcam, Inc. (US)
- Amcrest Industries LLC (US)
- YI Technology (China)
- Lorex Technology Inc. (Canada)
- Logitech International S.A. (Switzerland)
- Zmodo (China)
- Funlux (US)
- ZOSI Technologies Co., Ltd. (China)
- Netgear, Inc. (US)
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Wireless Security Cameras market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Wireless Security Cameras market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2465/Wireless-Security-Cameras-Market.html
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