Experts at Strategy Analytics believe that consumers will spend more than $ 7.9 billion this year on smart home cameras, including video intercoms. By 2023, the cost of such equipment will grow to almost $ 13 billion, which corresponds to an average growth of 14% per year.
If you operate with quantitative indicators, analysts predict that in 2023, sales of consumer cameras for smart homes will exceed 111 million units. This forecast corresponds to an average annual growth of 19.8%.
Market growth is facilitated by lower prices and increased demand for video intercoms. This is partly due to the emergence of entry-level and mid-range models from Wyze, Xiaomi, Kasa Smart, Ring, EZVIZ, Zmodo and dozens of Chinese brands. It is the video doorphones that analysts call the driving force of the market.