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According to recent Technavio market research, Connected Home Security System Market share is expected to increase by $13.31 billion from 2020 to 2025, with an accelerated CAGR of 17.07%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.
Overview of Suppliers-
The Connected Home Security System market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The top offerings from some of the vendors are listed below:
- ADT inc. – The company offers a wide range of home security systems including digital security panels, entry contacts, wireless key fob remote control, motion detectors and many more.
- Alarm.com Holdings Inc. – The company offers smart home security system and video surveillance that can be customized and controlled from anywhere.
- Alphabet Inc. – The company offers various products including Nest Mini, Nest Hub, Nest Audio and many more under the Google brand.
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Regional Market Outlook
Growth of the connected home security systems market share in North America will be significant during the forecast period. The United States and Canada are the main markets in the region. Market growth in North America will outpace market growth in South America and AME. The need for energy management solutions, availability of low cost devices and wireless DIY installations will drive the growth of the connected home security system market in North America during the forecast period.
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from most of the aforementioned countries.
Latest drivers and trends in the market-
- Connected Home Security System Market Driver:
- Cost savings through effective monitoring technology:
Smart homes typically incorporate different automatic systems including motion and window sensors, thermostats, lighting controls, and door lock controls that receive remote control signals and act accordingly. Insurers offer discounts on home insurance to people who have installed a monitored security system. These discounts are enough to cover the cost of monitoring and installing a connected home security system.
- Connected Home Security System Market Trend:
- High growth potential of home cloud solutions:
Home cloud solutions offer benefits despite data management issues. The growing amount of data, including video, is responsible for the growing need for storage and remote access. The home cloud technology market is growing nearly 50% every year.
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Connected Home Security System Market Scope |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 17.07% |
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Market Growth 2021-2025 |
$13.31 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
16.20 |
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Regional analysis |
North America, Europe, APAC, South America and MEA |
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Successful market contribution |
North America at 33% |
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Main consumer countries |
United States, Germany, China, United Kingdom and Canada |
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Competitive landscape |
Leading Companies, Competitive Strategies, Consumer Engagement Reach |
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Profiled Key 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. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis for the forecast period |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Contents
Summary
Market landscape
- Market ecosystem
- Value chain analysis
Market sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market Outlook: Predictions for 2020 – 2025
Five forces analysis
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new entrants
- The threat of substitutes
- Threat of rivalry
- Market state
Market segmentation by product
- Market segments
- Comparison by product
- Surveillance cameras and 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
- Main leading countries
- Market Opportunity by Geography
- Market factors
- Market challenges
- Market trends
Supplier Landscape
- Supplier Landscape
- Landscape disturbance
Vendor analysis
- Suppliers Covered
- Positioning on the supplier market
- 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.
Annex
- Report scope
- Currency conversion rates for the US dollar
- Research methodology
- Abreviations list
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