By 2023, consumers in the global market will spend more than $9.7 billion on smart home surveillance cameras.

Strategy AnalyTIcs' recent research report, "Smart Home Surveillance Camera Market Analysis and Forecast," points out that cameras with a full suite of software and service features below the $200 price point will drive the growth of the smart home surveillance camera market. The report predicts that by 2023, consumers in the global market will spend more than $9.7 billion on smart home surveillance cameras; security service providers such as ADT, Alarm.com and Vivint, and independent camera suppliers such as Amazon, Netgear and Nest will dominate the market. .

Strategy AnalyTIcs evaluates market trends, competitive landscape analysis, and consumer spending to date, as well as market forecasts for terminal sales for different types and price segments. . The report also provides insight into the impact of technological advances and product trends on companies seeking to capitalize on this market opportunity.

Jack Narcotta, senior industry analyst at Strategy AnalyTIcs Smart Home Practice, said, "Our research and analysis of the smart home surveillance camera market has identified the market's 'hot spots'. We expect the video doorbell to be the fastest growing segment by 2023. Its market size will reach 1.4 billion US dollars, higher than this year's 500 million US dollars."

The report details how leading companies move from hardware specifications to software- and service-based differentiation. This transformation is through continuous integration of artificial intelligence to enhance face recognition, goal tracking and contextual notification. In addition, it explores the impact of partners and mergers and acquisitions and analyzes trends in four price ranges: entry-level, mid-range, high-end and professional-level consumers.

About Strategy AnalyTIcs

Strategy Analytics, Inc. is a global market research and consulting organization that provides insights into market dynamics and industry trends for companies in the convergence of information, communication and entertainment technologies, as well as strategic business solutions. Strategic Analytics is headquartered in Boston, USA with offices in North America, Europe and Asia Pacific. The company focuses on emerging market, wireless and mobile, smart home, automotive electronics related market opportunities and challenges.