Strategy Analytics: Amazon's Ring Claimed Top Spot in Global Home Security Camera Market in 2020

By Associated Press 06 May 2021, 12:00AM

BOSTON--(BUSINESS WIRE)--May 5, 2021--

In 2020 Amazon’s Ring leveraged its brand strength and expanded camera portfolio to double its market share, leapfrogging Arlo and Wyze, and establish itself for the first time as the world’s largest smart home security camera brand according Strategy Analytics’ report, “ Smart Home Surveillance Camera Global Market Shares - April 2021."

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210505005395/en/

Figure 1. Chart - May 2021 Camera Market Share Report (Graphic: Business Wire)

Strategy Analytics reports the top five home security camera brands globally as of the end of 2020 are, in order: Ring, Arlo, Wyze, Google’s Nest, and interactive security platform provider Alarm.com. These five companies combined to ship more than 12 million cameras, or about 30 percent, of the 42.5 million cameras Strategy Analytics estimates shipped to consumers globally in 2020. The report assesses the market for consumer smart home security cameras, excluding video doorbells and professional surveillance systems. Tier 2 companies D-Link, Eufy, EZVIZ, Kasa, and Resideo rounded out the top 10. Tier 3 companies ADT, SimpliSafe, and Vivint showcased how the US interactive security market shapes global consumer smart home camera market shares.

Prior to 2019, big consumer brands like Arlo and Nest, and US interactive security companies ADT and Vivint were entrenched in the top five. However, the popularity of video monitoring as a self-monitored, subscription-free service and lower-priced-yet-feature-packed offerings from dozens of smaller camera brands have altered the global camera landscape.

Jack Narcotta, Senior Industry Analyst in Strategy Analytics’ Smart Home Strategies advisory service, said, “Ring’s most important addition in the year of the pandemic wasn’t a market-making device, rather it was an aggressive-yet-calculated expansion of its camera portfolio. Ring was no doubt hearing from millions of Ring video doorbell users that they wanted to stay loyal to Ring as they considered purchasing indoor/outdoor cameras. In 2020 it expanded the size of its camera portfolio, with special attention paid to spotlight-equipped outdoor cameras as well as indoor cameras. Ring’s brand strength in video doorbells has had a huge positive halo effect on its camera business.”

Bill Ablondi, Director of Strategy Analytics’ Smart Home Strategies advisory service, added, “Ring’s moves had a ripple effect on the other largest retail-oriented camera brands, particularly Arlo which reported a year-to-year decline in camera units shipped in 2020 while its main competitors Ring, Nest, and Wyze all surged ahead. In the interactive security market, many providers are doubling down on video monitoring capabilities as a cornerstone of their value proposition to consumers. Alarm.com, ADT, and Vivint have excelled at capitalizing on demand for video security from their millions of existing subscribers, and Alarm.com and Vivint have excelled at boosting camera attach rates for new subscribers.”

About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

Source: Strategy Analytics, Inc.
#SA_IntelligentHome

View source version on businesswire.com:https://www.businesswire.com/news/home/20210505005395/en/

CONTACT: For more information about Strategy Analytics

Smart Home Strategiesadvisory serviceReport contacts:

Jack Narcotta, +1 617 614 0798,[email protected]

Bill Ablondi, +1 617 614 0744,[email protected]

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: ONLINE RETAIL CONSUMER ELECTRONICS CONSUMER TECHNOLOGY SECURITY RETAIL PHOTOGRAPHY OTHER CONSUMER MARKETING ADVERTISING AUDIO/VIDEO COMMUNICATIONS HOME GOODS

SOURCE: Strategy Analytics

Copyright Business Wire 2021.

PUB: 05/05/2021 08:45 AM/DISC: 05/05/2021 08:46 AM

http://www.businesswire.com/news/home/20210505005395/en

By Associated Press 06 May 2021, 12:00AM
Samoa Observer

Upgrade to Premium

Subscribe to
Samoa Observer Online

Enjoy unlimited access to all our articles on any device + free trial to e-Edition. You can cancel anytime.

>