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Connected Home Security Systems Market By Product Type (Locks and Sensors, Detectors, Alarms, and Cameras and Monitoring Systems), By Connectivity Type (Wi-Fi, Bluetooth, RFID/NFC, and Others), By End-user (Condominiums and Apartments, and Independent Homes) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026

The global connected home security system market is expected to reach US$ 32.5 Bn by 2026, expanding at a CAGR of 15.3% during the forecast period from 2018 to 2026. Connected security systems are useful addition in homes where safety is an important concern. The rear of home security has witnessed some drastic changes in the recent past and will continue to advance much more in the years to come. In the past few years, there has been an unprecedented growth in the number of devices being connected to the internet. All these internet connected devices forms a part of IoT infrastructure which allows them to send and receive data among themselves. As a result, rising need of having seamless connectivity and proliferation of remote monitoring have aided the growth of connected home security systems market worldwide.

Rising fears about security in residential areas coupled with increasing consumer familiarity with smart devices, the potential solutions they provide has prompted several homeowners to invest in the advanced security measures. The connected home security systems offers an extensive range of features to alert the owners and avert the harm through emergency notifications. These systems are equipped mainly with cameras, alarms, monitoring devices, locks, detectors, sensors to meet the need of any unwanted activities such as theft or burglary.

Given the enhanced competences of connected home security systems, devices with multiple features are encouraging its adoption across a wider range of consumer demographics. This in turn is expected to facilitate the growth of global connected home security system market worldwide during the forecast period from 2018 to 2026.

Market Snapshot

Connected Home Security Systems Market 

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"Cameras and Monitoring Systems accounted for the Largest Market Share in 2017"

Based on product type, cameras and monitoring systems demonstrated largest market share in the global connected home security system market in 2017. The segment expected to grow at a substantial rate in the years to come. Camera and monitoring systems are the most popular home security products. Increasing incidents of house robbery and thefts is encouraging the house owners to invest into enhanced safety and security solutions with efficient & effective cameras and monitoring systems. As a result, widespread adoption of these products is supplementing its growth in the connected home security system market. 

Connected Home Security Systems Market 

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"North America Garnered Largest Market Share in 2017"

North America garnered largest market share in the connected home security system market in 2017 and is projected to grow significantly throughout the forecast period from 2018 to 2026. The rising need for security and energy management solutions is boosting the growth of connected home security system in the region. Moreover, high adoption of wireless home security installations coupled availability of low-cost security & monitoring devices is facilitating the market growth. The U.S. is expected to remain dominant in the region owing to the high acceptance of technologically advanced products. 

Connected Home Security Systems Market

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Competitive Insights

Major players in the connected home security system market include ADT Inc., Tyco Security Products, Alarm.com Holdings, Inc., August Home, Ooma, Inc., Canary Connect, Inc., Cocoon Labs Ltd, Control4 Corporation, Frontpoint Security Solutions, G4S plc, Honeywell International, Inc., Comcast Corporation, Kuna Systems, Kwikset, Nest Labs, Panasonic Corporation, Protect America, Inc., Samsung, SimpliSafe, Vivint, Inc., Vodafone Group, Plc., and Withings among others

The prominent players present in the connected home security systems market are focusing on adopting strategies like partnerships and new product development to obtain an upper hand and to stay ahead in the market.

For instance, in February 2018, Vodafone Group entered into a strategic partnership with Samsung for launching Smart Home Services. Vodafone announced that it will become Samsung’s exclusive telecom partner in selected European markets. The partnership is established to launch and develop range of consumer Internet of Things (IoT) Smart Home products and services, which will altogether offer consumers simple yet powerful home automation, safety and security products and services. 

Connected Home Security Systems Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Connected home security system market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global connected home security systems market based on product type, connectivity type, end-user and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 Product Type Segment (2016-2026; US$ Bn)
 • Locks and Sensors
 • Detectors
 • Alarms
 • Cameras and Monitoring Systems

 Connectivity Type Segment (2016-2026; US$ Bn)
 • Wi-Fi
 • Bluetooth
 • RFID/NFC
 • Others (ZigBee, etc.)

 End-user Segment (2016 – 2026; US$ Bn)
 • Condominiums and Apartments
 • Independent Homes

 Geography Segment (2016–2026; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of connected home security system in 2017 and forecast up to 2026?
  • What are the key factors driving the global connected home security system market?
  • What are the key market trends and high-growth opportunities observed in the connected home security system market?
  • What are the drivers of the connected home security system market?
  • Which is the largest regional market for connected home security system market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the connected home security system market?
  • What are the sustainability strategies adopted by the key players operating in the market?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jan 2019
Category:  Technology & Media
Report ID:   59533
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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