IDC: China's smart home camera market is expected to grow by 7.5% in 2023

Thanks to CTOnews.com netizens pigeon for delivering the clues of Yong Zhi! CTOnews.com April 8 news, IDC (International data Company) recently released the "China Smart Home equipment Market Quarterly tracking report, the fourth quarter of 2022" report.

According to the report, the Chinese smart home camera market shipped more than 20 million units in 2022, an increase of 1.6 per cent over the same period last year.

In addition, in the past year, China's smart home camera market has greatly upgraded in terms of functional configuration, resolution and night vision ability, but due to the impact of the overall consumer environment, the product upgrade has a limited boost to market demand, and the growth rate of market shipments has slowed down.

CTOnews.com learned from IDC's official Wechat account that IDC expects China's smart home camera market to ship 21.55 million units in 2023, an increase of 7.5 percent year-on-year.

With the gradual expansion of domestic consumers' demand for intelligent home safety monitoring, the market for smart home cameras has also ushered in an upgrade. IDC said that the development of China's smart home camera market in 2023 should focus on the following directions:

1. Function upgrade infiltrates offline channels.

2. AI capabilities to expand pan-security needs

3. Ecological linkage should be integrated into the larger market.