According to a new market report published by Acute Market Reports, Inc., “Global 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 systems market is expected to witness a growth of 15.3% CAGR during the forecast period from 2018 to 2026.
Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/connected-home-security-systems-market
Product Insights:
The global connected home security systems market is expected to demonstrate a noteworthy growth in the years to come and is projected 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 a useful addition to today’s home where security is an important issue. Connected home security systems are becoming powerful tools that gives piece of mind and power to the user. These systems act as the centralized control systems of the home’s door locks, lighting, appliances and security. Rising need of having seamless connectivity and proliferation of remote monitoring in homes have aided the growth of connected home security systems market worldwide.
The global connected home security system market on the basis of product type was led by cameras and monitoring systems in 2017 and is expected to grow at a significant rate in the years to come. The growth of this segment is primarily backed by the increasing incidents of house robbery and thefts, which is encouraging the house owners to invest into enhanced safety and security solutions with efficient & effective cameras and monitoring systems. Further, based on geography, North America garnered largest market share in the connected home security system market in 2017 and is expected to remain dominant throughout the forecast period from 2018 to 2026. High adoption of connected home security installations coupled availability of low-cost security & monitoring devices is facilitating the market growth in the region.
Competitive Insights:
The global connected home security system manufacturers are adopting several strategies in order to thrive in the competitive environment. Partnerships, new product developments remain the most vital strategies that are been implemented by the key players to gain an edge over others. 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.
Report Scope by Segments
By Product Type Segment (2016-2026; US$ Bn)
By Connectivity Type Segment (2016-2026; US$ Bn)
By End-user Segment (2016 – 2026; US$ Bn)
By Geography Segment (2016-2026; US$ Bn)
About Us
Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-855-455-8662
E-mail: sales@acutemarketreports.com
Understanding the Best AI Side Hustles 2025 The year 2025 is shaping up to be…
Rising Momentum in the Global Alternative Fuel Vehicles Market The global market for Alternative Fuel…
Revolutionizing Next-Gen Mobility: New Automotive Chiplet Technology Sets a Breakthrough Standard for Vehicle Performance and…
Introduction to Antiques and Collectibles There’s a special kind of magic that comes with antiques…
What Are Freighter Aircraft? Freighter aircraft—often called cargo planes—are highly specialized airplanes designed or converted…
A Smart Road represents the next generation of transportation infrastructure — a remarkable blend of…