Pre & Post COVID-19 Market Estimates-Smart Doorbell Market 2020-2024 | Increasing Demand for Smart Locks to Boost the Market Growth | Technavio
Summary
In addition, the entry of new players in the global smart lock market has led to the availability of new products at lower prices, which has further added to the demand. Several vendors in the market are working towards the integration of advanced technologies in home automation products that offer greater security and reliability. It is also expected that facial recognition technology in smart doorbells will become a game changer for vendors during the forecast period. The North American region led the smart doorbell market in 2019, followed by Europe, APAC, MEA and South America. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the presence of large crowdfunding platforms, and the increasing adoption of advanced technologies.