Exhibit 1: Strategy Analytics price versus feature comparison of selected cameras
Strategy Analytics has assessed market trends up to 2023, competition landscape analysis, consumer spending, and market forecasts for terminal sales in different types and price segments. The report also addresses technological advances and product trends that seek to capitalize on this market opportunity. The impact of the company provides insights.
Jack Narcotta, Senior Industry Analyst, Smart Home Practice, Strategy Analytics, stated, 'We have identified 'market hotspots' in the research and analysis of the smart home surveillance camera market. We expect video doorbell to be the fastest growing segment by 2023 Its market size will reach 1.4 billion U.S. dollars, higher than this year's 500 million U.S. dollars.
The report details how leading companies move from hardware specifications to software-based and service-differentiated benefits. This transformation is a continuous effort to enhance face recognition, target tracking, and contextual notification through greater integration of artificial intelligence. It also discusses the impact of partnerships and mergers and acquisitions, and analyzes the trend of the four price ranges: entry-level, mid-range, high-end and professional consumers.