About Connected Home Security System
It is an integrated system that provides a home Wi-Fi network to monitor and control and other security devices which are integrated with the smartphone and other applications. These are some entry-level applications that include few door and window sensors, motion detector, ad other security devices. These devices communicate one few wireless protocols including Wi-Fi, Z-wave, and others. This market is seeing strong growth potential because there is high adoption in the internet of things and wide use of smartphones in developed regions. And along with rising consumer preference for remote monitoring options.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is covered by key leading market players who are majorly on production technologies, improving efficiency and product life. There are huge growth opportunities are captured by tracking the ongoing market improvement and financial flexibility to invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Connected Home Security System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell (United States), ADT (United States), Securitas (Sweden), Panasonic (Japan), Samsung (South Korea), Vivint (United States), Scout Alarm (Australia), Rosslare Security Products, Inc. (United States), McAfee (Intel Security) (United States) and SimpliSafe (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Brinks Home Security, LLC (United States), Stanley Black & Decker (United States) and Nortek Security & Control (United States).
Segmentation Overview
AMA Research has segmented the market of Global Connected Home Security System market by Type (Monitor System, Alarm System, Fire System and Others), Application (Commercial Sector, Residential Sector and Others) and Region.
On the basis of geography, the market of Connected Home Security System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Home, the sub-segment i.e. Independent Homes will boost the Connected Home Security System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Potential for Home Cloud Solutions, High Adoption of Remote Alarming Of the Smart Home Alarm System, Rising Integration of Pocket Drones Along With Personal Security Features and High Adoption of Cloud-Based Technologies
Market Growth Drivers:
Rising Trend of Home Automation – Rising initiatives related to smart cities across the globe. Along with technology advancement in-home security system with high availability of technology platforms. And there is a huge surge in awareness about smart automated systems that have boosted the adoption of home automation systems.
Challenges:
Rising Cyber Security Concern and Growing System Complexity
Restraints:
High Installation and Maintenance Cost
Opportunities:
Increasing Number of Security Solutions Technology Such As Integration of Artificial Intelligence and Deep Learning and Rising initiatives regarding Smart City Projects in Emerging Countries
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Connected Home Security System Service Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.