Smart Home Security Market Size, Share, Growth, Forecast 2030

Smart Home Security Market

Smart Home Security Market: By Product Type (Smart Alarms, Smart Camera and Monitoring System, Smart Locks and Sensors and Smart Detectors) By Component (Products and Services) By Application (Apartment, Big Villa) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2019 – 2025.

Category: Technology & Media Report Format : PDF Pages: 172 Report Code: ZMR-4856 Published Date: Oct-2019 Status : Published
Market Size in 2018 Market Forecast in 2025 CAGR (in %) Base Year
USD xx Million USD xx Million xx% 2018

Smart Home Security Market: Industry Perspective

The global smart home security market size was evaluated at $xx million in 2018 and is slated to hit $xx million by the end of 2025 with a CAGR of nearly xx% between 2018 and 2025.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The smart home security industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the smart home securitymarket report explores the investor and stakeholder space to help companies make data-driven decisions.

Smart Home Security Market: Overview

Smart homes are homes enabled with technology to control various appliances and devices. It uses automation and IoT (Internet of Things) to keep all devices connected. Smart security systems include smart alarms, smart cameras, smart locks, and detectors.

The smart home security market shows a significant demand owing to various factors. Firstly it gives the user the power to control the house. Secondly, these systems end up saving a lot of time due to their excellent features. These systems thus give more comfort to the users as they don’t have to worry about the front door being open or the stove being on. These systems notify the user in case of any deviations and in certain cases also take corrective actions. Smart locks can be set to lock at specific times throughout the day. These customizations led to increased satisfaction and improved security. Moreover, many of these systems are eco-friendly and affordable. Smart home security systems thus help secure the user’s belongings. These systems can be controlled with ease with the help of a smartphone.

Smart cameras give a 360-degree view of the house avoiding any possible blank spots or corners. All these factors point towards a vibrant market. However, the high cost of certain security systems might slow down market growth to a certain extent.

On the basis of type, the smart alarm segment is anticipated to hold a major share. Smart alarms are integrated with smartphones and allow the user to remotely monitor the CCTV footage of the house. These systems also integrate door sensors. With increasing theft and growing crimes, people highly prefer alarm systems. It also has the benefits of cost and lets users install alarms only where they find it necessary. Moreover, these systems are easy to use without any expert’s involvement for installation as they sync effortlessly with all devices.  Hence, the segment depicts an extensive share of the market.

Smart Home Security Market: Report Scope

Report Attributes Report Details
Report Name Smart Home Security Market Research Report
Market Size in 2018 USD xx Million
Market Forecast in 2025 USD xx Million
Growth Rate CAGR of xx%
Number of Pages 210
Key Companies Covered Honeywell International, Vivint Smart Home Security, Hangzhou Hikvision Digital Technology, ADT Corporation, Frontpoint Security Solutions, Ingersoll Rand, SimpliSafe, Legrand, Robert Bosch GmbH, Protect America, Amazon, Ring, and Samsung
Segments Covered By Product Type, By Component, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2018
Historical Year 2016 to 2018
Forecast Year 2018 - 2025
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

On the basis of the application, apartments are anticipated to hold a prominent share. With the rising construction of buildings in developed as well as developing countries, various real estate developers are providing basic security systems as a part of the package. Moreover, rapid urbanization and increasing migration of people towards cities have led to the development of more and more apartments. Furthermore, rising awareness about the numerous benefits of security systems has spiked consumer demand. All these factors depict a strong market.

On the basis of region, North America is considered to hold a tremendous market share owing to the vast real estate sector. The USA is technologically advanced and one of the most modern countries in the world. Thus, the demand for these systems stands as a basic requirement. Moreover, the USA is home to technology such as Google, Microsoft, Apple, and many more. Silicon Valley is home to the most advanced security systems. Furthermore, the awareness about smart security systems and their benefits is highest in the USA. The developed economy of the country is a cherry on top and poses an opportunity for new market entrants. Thus, there is incredible demand in the region.

Smart Home Market: Competitive Space

The market constitutes of companies such as Honeywell International, Vivint Smart Home Security, Hangzhou Hikvision Digital Technology, ADT Corporation, Frontpoint Security Solutions, Ingersoll Rand, SimpliSafe, Legrand, Robert Bosch GmbH, Protect America, Amazon, Ring, and Samsung among others.

Smart Home Market: Regional Insights

Europe is speculated to hold an appalling share of the market. The smart homes market in the region accounted for USD 17,400 million and is expected to depict an annual growth rate of 20%. Moreover, the market amounts to approximately 35 million smart homes. These homes are already equipped with the basic infrastructure needed to install a smart security system. Furthermore, the smart home securities market in the region accounts for USD 3000 million as of 2019 and is expected to grow further.

Global Smart Home Security Market ShareRequest Free Sample

In addition, the growing need for energy saving and low carbon emission solutions has led people to adopt these systems. Thus, the region facilitates a strong foundation for the market.

The report segments the smart home security market as follows:

Global Smart Home Security Market: Product Type Segment Analysis

  • Smart Alarms
  • Smart Camera and Monitoring System
  • Smart Locks and Sensors
  • Smart Detectors

Global Smart Home Security Market: Component Segment Analysis

  • Products
  • Services

Global Smart Home Security Market: Application Segment Analysis

  • Apartment
  • Big Villa

Global Smart Home Security Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Smart home security refers to the integration of technology and devices to enhance the safety, security, and monitoring of a residential property. It involves the use of connected devices, sensors, cameras, and systems that allow homeowners to remotely monitor and control various aspects of their home's security, such as intrusion detection, surveillance, access control, and emergency response. The goal of smart home security is to provide homeowners with greater control, convenience, and peace of mind by leveraging the capabilities of the Internet of Things (IoT) and modern technology.

The smart home security market has been experiencing significant growth as more consumers adopt connected devices and seek to enhance the security and convenience of their homes. As of my last knowledge update in September 2021, here are some key factors that were expected to influence the growth of the smart home security market.

The global smart home security market size was evaluated at $xx million in 2018 and is slated to hit $xx million by the end of 2025

Europe is speculated to hold an appalling share of the market. The smart homes market in the region accounted for USD 17,400 million and is expected to depict an annual growth rate of 20%. Moreover, the market amounts to approximately 35 million smart homes. These homes are already equipped with the basic infrastructure needed to install a smart security system. Furthermore, the smart home securities market in the region accounts for USD 3000 million as of 2019 and is expected to grow further. In addition, the growing need for energy saving and low carbon emission solutions has led people to adopt these systems. Thus, the region facilitates a strong foundation for the market.

The market constitutes of companies such as Honeywell International, Vivint Smart Home Security, Hangzhou Hikvision Digital Technology, ADT Corporation, Frontpoint Security Solutions, Ingersoll Rand, SimpliSafe, Legrand, Robert Bosch GmbH, Protect America, Amazon, Ring, and Samsung among others.

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