Pandemic Driving Wider Use of Networked Cameras, Video Doorbells: Parks

Security and peace of mind are driving an increase in video camera and doorbell sales, Parks Associates reported Thursday. The research firm estimates more than 250 million networked cameras, video doorbells and smart speakers/smart displays will be sold in the U.S. 2022-2024. “Consumers are increasingly turning to networked cameras and video doorbells to provide the sense of security and peace of mind traditionally provided by full-fledged security systems,” said analyst Chris White, citing Parks data saying a third of network camera owners report relying on their devices more heavily due to the COVID-19 pandemic: “Consumers want the often difficult combination of peace of mind, privacy, and convenience with monitoring and independent living solutions." Parks sees opportunities for revenue growth in monitoring, maintenance and upgrades.