Connected Home Security Systems Market to Record $ 13.31 Billion Growth | ADT Inc., Alarm.com Holdings Inc. and Alphabet Inc. become dominant players


  • Total pages: 120
  • Companies: 10+ – Including ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT and T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Verizon Communications Inc.
  • Blanket: Main drivers, trends and challenges; Product information and news; Value chain analysis; Parents market analysis; Supplier landscape; COVID impact and recovery analysis
  • Segments: Product (cameras and surveillance systems, alarms, locks and sensors, and detectors) and Service (professional installation and self-installation)
  • Geographies: North America, Europe, APAC, South America, and MEA

Did not find what you were looking for ? Customize report-
Don’t miss the opportunity to speak to our analyst and learn more about this market report. Our analysts can help you customize this report to suit your needs. Our analysts and industry experts will work directly with you to understand your needs and provide you with personalized data in no time.

We offer 1000 USD FREE personalization value at time of purchase. Talk to our analyst now!

According to the recent Technavio market study, the Smart Home Security Systems Market Size should increase by $ 13.31 billion from 2020 to 2025, progressing at a CAGR of 17.07% during the forecast period. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

North America will register the highest growth rate, occupying 33% of the global market share. The United States and Canada are the key markets for connected home security systems in North America. Market growth in this region will be slower than market growth in APAC and Europe.

Download a FREE sample: for more information on key countries in North America

Supplier Information-
The market for smart home security systems is fragmented. The main suppliers have a larger market share and are actively investing in R&D to offer technologically advanced products. There is also a huge influx of private labels and startups offering DIY connected home security systems.

ADT inc. : The company offers a wide range of home security systems, including digital security panels, input contacts, wireless remote control, motion detector and many more.

Alarm.com Holdings Inc .: The company offers smarter home security systems and video surveillance solutions that can be customized and controlled from anywhere.

Alphabet Inc .: The company offers a variety of products including Nest Mini, Nest Hub, Nest Audio, and many more under the Google brand.

AT and T inc. : The company offers smart home security systems that provide professionally monitored home security with home security features.

Comcast Corp. : The company offers a home security service, adding cameras that provide security and automation under the Xfinity brand.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook
The growth of the connected home security systems market in North America will be important during the forecast period. The growth of the connected home security systems market in North America can be attributed to the growing demand for power management solutions, the availability of low-cost devices, and the increase in wireless DIY installations.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

  • Market driver for connected home security systems:
    • Cost savings with efficient monitoring technology:

Conventional smart home monitoring systems are very expensive, and service providers typically charge monthly equipment fees, installation fees, and maintenance fees. Therefore, the end users of the market prefer the home surveillance systems connected by themselves, as it helps them to achieve significant savings. In addition, control signals sent through wireless GSM devices ensure reliable and faster communication between end users and home security systems. Such cost and operating advantages increase the adoption of DIY connected home security systems, thus driving the market growth.

  • Smart Home Security Systems Market Trend:
    • Strong growth potential for home cloud solutions:

Home cloud technology has experienced substantial growth in recent years. The market sees an increase of almost 50% in its value each year. The growth can be attributed to the increasing adoption of smart home systems across the world driven by increasing volumes of data, especially video. This creates a high demand for storage and remote access, which is leading to the adoption of home cloud solutions. All of these factors are expected to positively impact the growth of the connected home security systems market during the forecast period.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:
Home Wi-Fi Router Market by Type and Geography – Forecast and Analysis 2021-2025

United States Smart Home Market by Technology and Application – Forecast and Analysis 2021-2025

Scope of the smart home security systems market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 17.07%

Market growth 2021-2025

$ 13.31 billion

Market structure

Fragmented

Annual growth (%)

16.20

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 33%

Main consumer countries

United States, Germany, China, United Kingdom and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT and T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd. and Verizon Communications Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCE Technavio


Comments are closed.