Market Share of Smart Home Security Camera Industry
The smart home security camera market is fragmented, with the presence of significant players like Hangzhou Hikvision Digital Technology Co. Ltd, FrontPoint Security Solutions Inc., Honeywell International Inc., SimpliSafe Inc., ADT Corporation, Vivint Inc., Netgear Inc., and many others. Significant players in the market are adopting strategies such as partnerships, mergers, innovations, investments, and acquisitions to enhance product offerings and gain sustainable competitive advantage.
- September 2023: Simplisafe Inc. announced a strategic partnership with LifeLock, a Gen identity theft protection brand, to help stop identity theft. Through this partnership, both companies aim to provide customers with the advanced security they need to help protect their assets and identities from harm at an affordable price point. SimpliSafe, a home security company, safeguards its customers and their identities. By partnering with LifeLock, SimpliSafe can extend its protection outside the home and offer a solution to protect customers from the growing risk of identity theft.
- August 2023: Vivint Smart Home Inc. partnered with SOLD.com to provide exclusive offers and comprehensive service to SOLD.com customers and a network of over 50,000 real estate agents. Through this partnership, SOLD.com customers and representatives will receive a free Vivint Doorbell Camera Pro (up to USD 450 value) with free professional installation with the purchase of a qualifying Vivint smart home system.
Smart Home Security Camera Market Leaders
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Hangzhou Hikvision Digital Technology Co. Ltd
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FrontPoint Security Solutions Inc.
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Honeywell International, Inc.
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SimpliSafe, Inc.
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ADT Corporation
*Disclaimer: Major Players sorted in no particular order
