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Parks Associates: Sales of Networked Cameras, Video Doorbells, and Smart Speakers/Smart Displays to Exceed 250 Million Units in 2022-2024DALLAS, Sept. 9, 2021 /PRNewswire/ -- Parks Associates data estimates that between 2022 and 2024, more than 250 million networked cameras, video doorbells, and smart speakers/smart displays will be sold in the US. The industry report "Context is King: Video & Audio Analytics" examines how video and audio analytics are evolving and impacting the smart home user experience, including driving adoption of new devices and attached services. "Consumers want the often difficult combination of peace of mind, privacy, and convenience with monitoring and independent living solutions," said Chris White, Sr. Analyst, Parks Associates. "With video and audio analytics, standard devices such as video doorbells and networked cameras have expanded capabilities, providing more value and context to consumers." Video and audio gathered near access points are the most prominent and traditional monitoring activity, but increasingly consumers desire more monitoring beyond the entrance/exits of homes. Parks Associates' latest consumer data also reveals 68% of network camera owners have cameras installed outside the home. "Consumers are increasingly turning to networked cameras and video doorbells to provide the sense of security and peace of mind traditionallyprovided by full-fledged security systems," White said. "Approximately a third of network camera owners report relying on their devices more heavily due to the COVID-19 crisis." Parks Associates notes the recent announcement that ASSA ABLOY, a leader in access controls, will purchase Spectrum Brands' hardware and home improvement business for $4.3 billion underscores the drive to add new use cases and user experiences within a product portfolio. Video and audio analytics reach the consumer through a complex set of verticals that includes chipset makers, AI software companies, and pro-monitoring or storage companies, with opportunities for revenue growth across the value chain, especially in monitoring, maintenance, and upgrades. For more information on Context is King: Video & Audio Analytics, contact [email protected]. To schedule an interview with an analyst or to request specific data, please contact Rosey Ulpino at [email protected] or 972-490-1113. About Parks Associates The company's expertise includes IoT, digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security. Each year, Parks Associates hosts industry webinars, the CONNECTIONS™ Conference Series, Connected Health Summit, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com Contact: View original content to download multimedia:https://www.prnewswire.com/news-releases/parks-associates-sales-of-networked-cameras-video-doorbells-and-smart-speakerssmart-displays-to-exceed-250-million-units-in-2022-2024-301372394.html SOURCE Parks Associates |