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The smart doorbell market size is poised to grow by USD 1.19 billion during 2020-2024, progressing at a CAGR of over 25% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005075/en/

Technavio has announced its latest market research report titled Global Smart Doorbell Market 2020-2024 (Graphic: Business Wire)

The demand for smart locks is on the rise because of the benefits such as flexibility and high security, easy installation, remote locking and unlocking, and instant alerts to homeowners. The rise in cases of burglary in recent years has contributed

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Gadget maker Wyze, best known for its series of low-cost security cameras, is expanding further beyond its core product line to include new devices in the audio and smart home markets. The company is announcing three new products today: a pair of over-the-ear noise-canceling headphones, a video doorbell, and a smart thermostat. Those join the company’s cameras, fitness band, and smart versions of various household appliances like a lock, lightbulb, and wall plug.

Much like how China-based gadget maker Anker used its USB charging line as a springboard into the broader consumer electronics business, Wyze is using its cameras and its extremely low prices as a way to fashion an entire family of branded products that now extend beyond just the smart home market.

And the prices for at least one of its new products are indeed competitive. The new Wyze Video Doorbell costs $29.99 and is available for preorder

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