Global Market for Smart Home Security Cameras to Near $12B by 2027
The smart home security camera market will reach $11.89 billion globally by 2027, expanding at a 15.7% compound annual growth rate through the forecast period, reported Grand View Research. The rising prevalence of security devices in smart homes for complete…
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control and access remotely “is generating higher demand for these security cameras,” it said. North America dominates the smart home market with a 40% global revenue share. It’s estimated that U.S. smart home revenue will exceed $32 billion by the end of 2021.