30-Dec-2019 | Zion Market Research
Zion Market Research has released a new report titled, “Connected Home Security Device Market by Type (Detection Devices, Sensors, Security Camera, Door Locks, Access Control and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015-2021”. As per the report, the connected home security device market globally was capitalized at about USD 2.50 Billion in 2015 and is likely to reach around USD 7.90 Billion by 2021, developing at a CAGR of more than 18.3% during 2016–2021.
The connected home has the competence to set up a system of networked devices to contact each other and get remote commands, which helps in making things easier for humans. The incorporation of technological advances, big ICT contenders entering the market and the extensive availability of smartphones facilitate connected home services to penetrate further in the market at the same time the security devices for the connected home.
Browse the full "Connected Home Security Device Market by Type (Detection Devices, Sensors, Security Camera, Door Locks, Access Control and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/connected-home-security-device-market
The rapidly developed smartphone penetration, inclination toward the acceptance of the IoT (internet of things), the major reduction in hardware price are the main driving factors likely to present significant development for connected home security device market in the upcoming years. The smartphone-friendly and well-designed apps for managing the security device system are also anticipated to gain market growth. Besides, the surge in the demand for home cloud technology associated with the emergence of new participants with product differentiation and modern technology is projected to record robust augmentation for the connected home security device market in the estimated period. Nevertheless, the dearth of awareness in most of the African nations might limit the development of the market. Nevertheless, industrial advancement is likely to attract a huge undeveloped area and pave the way for the global connected home security device market.
The door locks and security camera type section jointly dominated the type segment of the global connected home security device market during 2015 due to decreased hardware price along with smartphone-supported mobile apps. The accessibility of the sensor with modern technology like accelerometer sensors and motion sensors is anticipated to spur the growth of the sensor section in the forecasted time. The detection device and access control type section are also likely to experience noteworthy growth in the future.
In 2015, the North America region was the biggest market for the connected home security device market. This expansion is chiefly based on the high technology adoption pace along with better consumer responsiveness. In the coming years, Europe is projected to be one of the fastest expanding regions. The increasing disposable income in nations like Japan, China, and South Korea is estimated to witness significant growth in the estimated period across the Asia-Pacific region.
The major participants in the global connected home security device market are Hager Group, Daitem, Astral E-Nova, Tyco, UTC/Interlogix, Essence, Apple, GE, Google Nest, Honeywell, Philips Hue, Samsung, Paradox, and RISCO Group among others.
The report segment of global connected home security device market is as follows:
Global Connected Home Security Device Market: Type Segment Analysis
Global Connected Home Security Device Market: Regional Segment Analysis
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