Security - Cameroon
Cameroon- The Security market in Cameroon is projected to reach a revenue of US$5.9m in 2024.
- This represents a significant growth potential for the market.
- It is expected that the annual growth rate (CAGR 2024-2028) will be 16.28%, resulting in a projected market volume of US$10.8m by 2028.
- This indicates a positive trend in the Security market in Cameroon, with an increasing market size.
- In terms of household adoption, the number of active households in the Security market is expected to amount to 164.4k users by 2028.
- This suggests a growing interest and demand for security solutions among households in Cameroon.
- Household penetration, which is currently at 1.7% in 2024, is projected to reach 2.8% by 2028.
- This indicates an increasing percentage of households adopting security measures to protect their homes.
- The average revenue per installed Smart_Home in Cameroon is expected to be US$67.00.
- This metric provides insights into the average revenue generated per Smart_Home installation in the country.
- It indicates the potential market value and profitability of security solutions in Cameroon.
- When comparing the Security market revenue globally, it is noteworthy that United States generates the most revenue.
- In 2024, United States is projected to generate a revenue of US$6.9bn in the Security market.
- This highlights the strong market presence and size of the Security market United States compared to other countries.
- Overall, the Security market in Cameroon shows promising growth potential in terms of revenue, household adoption, and market size.
- The projected figures for 2024 and 2028 indicate a positive trend and increasing demand for security solutions in the country.
- Cameroon's security market is experiencing a surge in demand for advanced surveillance systems due to increasing concerns over terrorism and crime.
- Key regions:
- Asia,
- Japan,
- United Kingdom,
- Norway,
- Europe
The Smart Home market Security includes the sale of devices and services for networked access control and management for buildings and premises. This includes surveillance products (e.g. security cameras and related data storage and transmission services, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms which are not related to smart home are not included.
In-Scope
- Digitally connected and controlled devices for burglar prevention and other security issues
- Motion sensors, door locks, security cameras (with or without face recognition)
- Surveillance services with connection to a broader smart home
- Hazard prevention devices like water, smoke or gas sensors
Out-Of-Scope
- Classical security devices without smart home connection
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
