Connected Home Security System Market size to Grow by USD 13.31 billion |
NEW YORK, April 8, 2022 /PRNewswire/ — Connected Home Security System Market Facts at a Glance-
- 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., among others.
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
- Segments: Product (cameras and monitoring systems, alarms, locks and sensors, and detectors) and service (professional installation and self-installation)
- Geographies: North America, Europe, APAC, South America, and MEA
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According to the recent market study by Technavio, Connected Home Security System Market share is expected to increase by USD 13.31 billion from 2020 to 2025, with an accelerated CAGR of 17.07%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Vendor Insights-
The connected home security system market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The key offerings of some of the vendors are listed below:
- ADT Inc. – The company offers a wide range of home security systems which include digital security panels, entryway contacts, wireless keychain remote, motion detectors, and many more.
- Alarm.com Holdings Inc. – The company offers Smarter Home Security system and Video Monitoring that can be customized and controllable from anywhere.
- Alphabet Inc. – The company offers various products, which include Nest Mini, Nest Hub, Nest Audio, and many more, under the brand Google.
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Regional Market Outlook
The connected home security system market share growth in North America will be significant during the forecast period. The US and Canada are the key markets in the region. Market growth in North America will be faster than the growth of the market in South America and MEA. The need for energy management solutions, availability of low-cost devices, and wireless DIY installations will drive the connected home security system market growth in North America during the forecast period.
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share of most of the above-mentioned countries.
Latest Drivers & Trends in the Market-
- Connected Home Security System Market Driver:
- Cost Savings Due to Effective Monitoring Technology:
Smart homes generally incorporate different automatic systems, including motion and window sensors, thermostats, light controls, and door lock controls that receive remote control signals and act upon them. Insurance providers offer discounts on home insurance to people who have installed a monitored security system. These discounts are sufficient to cover the monitoring and installation costs of a connected home security system.
- Connected Home Security System Market Trend:
- High growth potential of home-based cloud solutions:
Home-based cloud solutions provide benefits despite data management concerns. The increasing amount of data, including video, is responsible for the growing need for remote storage and access. The home-based cloud technology market has been witnessing an upsurge of close to 50% growth every year.
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Connected Home Security System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.07% |
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Market growth 2021-2025 |
USD 13.31 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
16.20 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, Germany, China, UK, and Canada |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Cameras and monitoring systems – Market size and forecast 2020-2025
- Alarms – Market size and forecast 2020-2025
- Locks and sensors – Market size and forecast 2020-2025
- Detectors – Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Service
- Market segments
- Comparison by Service
- Professional installation – Market size and forecast 2020-2025
- Self-installation – Market size and forecast 2020-2025
- Market opportunity by Service
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
- Verizon Communications Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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