Connected Home Security System Market Size Expected to Grow USD 13.31 Billion |

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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

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at 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

Successful market contribution

North America at 33%

Main consumer countries

United States, Germany, China, United Kingdom and Canada

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

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.

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

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

About Us
Technavio is a global leader in technology research and consulting. 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 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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