Increasing demand for smart locks
Smart lock has witnessed growing demand from consumers due to factors such as flexibility with high security, easy installation, remote locking and unlocking, and instant alerts to homeowners in case of burglary.
The entry of new players into the global smart lock market has led to availability of new products at low costs. This demand for combination of smart lock and smart doorbell among customers will lead to the expansion of the global smart doorbell market at a CAGR of over 46% during the forecast period.
Growing security concerns
When doorbells are connected to internet, attackers can penetrate the portal through cross site scripting and code injection and can manage to acquire user credentials.
Hackers can access the smart doorbell when connected to wireless network which becomes a threat to the security of home. These security issues are expected to have a negative impact on the overall market growth.
The report also looks at factors such growing number of strategic partnerships in the market, increasing demand for smart locks, and increasing penetration of broadband connection. However, uncertainties in the technical issues, growing security concerns, and poor network coverage may hamper the growth of the smart doorbell industry over the forecast period.
This smart doorbell market analysis considers sales from both stand-alone smart doorbell and integrated smart doorbell. The analysis also considers the sales of smart doorbell in APAC, Europe, MEA, North America, and South America.
In 2018, the stand-alone smart doorbell segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as cost advantage will play a significant role in the stand-alone smart doorbell segment to maintain its market position.
With the presence of few major players, the global smart doorbell market is concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart doorbell manufacturers that include:
- August Home
- SkyBell Technologies
Also, the smart doorbell market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Stand-alone smart doorbell - Market size and forecast 2018-2023
- Integrated smart doorbell - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Development of technologically advanced products
- Use of smart doorbells for video surveillance
- Emergence of battery-powered wireless smart doorbells
PART 12: VENDOR LANDSCAPE
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- August Home Inc.
- dbell Inc.
- Google LLC
- Ring LLC
- SkyBell Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3whrcs