Market Share of Smart Home Video Surveillance Industry
The smart home video surveillance market is highly fragmented due to the presence of various vendors like Axis Communication, Honeywell International Inc., and Panasonic Corporation. The market features increasing adoption of smart home video surveillance solutions in various end-user industries. The vendors are also making significant product developments to expand their market presence. The market is also viewing strategic partnerships and acquisitions as a lucrative path for expansion.
- June 2024: Intelligent Monitoring Group Ltd finalized the acquisition of Adeva Home Solutions, a leading security provider in Australia and New Zealand, for a sum of USD 2.5 million. This move by IMG is strategically designed to revive the renowned 'Signature Security' brand in the Australian market.
- April 2024: Resideo Technologies announced the acquisition of Snap One, a company specializing in security solutions like surveillance cameras and thermostats. The deal, valued at approximately USD 1.4 billion, inclusive of debt, is set to bolster Resideo's ADI unit. ADI, known for its global distribution of audio-visual and low-voltage products, stands to gain significantly from Snap One's innovative smart-living solutions.
Smart Home Video Surveillance Market Leaders
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Axis Communications AB
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Bosch Security Systems Incorporated
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Dahua Technology Co., Ltd
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CP PLUS International
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Hangzhou Hikvision Digital Technology Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
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