Video Doorbell Market – Global industry segment analysis, regional outlook, share, growth; Video Doorbell Market 2017 to 2027 by future market insights. A video doorbell is a device that enables the end-user to monitor who is at the door of his/her residence, on a screen of the system or on a smartphone/tablet, etc. (i.e. remotely). The product is comparatively new in the market which, therefore, offers an opportunity to various small and medium sized vendors to strengthen their presence in the market.
Penetration of internet and transition towards digitalization have led to the introduction of various enhanced home consumer electronic devices such as DIY smart security solution, video intercoms, keyless entry systems and video doorbells.
Various video doorbell vendors, for instance, are signing agreements with established players with an intention of expanding their business in the market. In February 2018, Amazon acquired Ring, a video doorbell manufacturer. Ring, with the help of this agreement, aims at increasing the sales of its video doorbells globally.
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Video Doorbell Market: Dynamics
A continuous demand for smart homes, smart appliances, etc. across developed and developing countries such as the U.S., China, India, Germany, Japan, and the U.K. has been witnessed. Factors such as enhanced security, remote accessibility, increased penetration of internet and demand for connected devices have furthermore proliferated the demand for this market. Accessibility of integrating various smart devices and enabling remote accessibility (from a smartphone/ tablet from distance) to offer enhanced security across various industry verticals is also a major driver for the video doorbell market.
However, issues such as network connectivity or network fluctuations hinder the efficient processing of the product and in turn hamper the growth of the video doorbell market. In context to this, lack of infrastructural development in developing countries (such as North African countries) also restraints the overall growth of the market.
Video Doorbell Market: Key Players
Some of the key players in the video doorbell market are August Home, Ring, dbell Inc., blink, Nest Labs, SkyBell Technologies, Inc., Olive & Dove (remo), Zmodo and smanos.
Of the above players, Ring, August Home and Nest Labs are expected to be the major revenue generating players in the video doorbell market.
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