The size of the connected home security systems market will grow by USD 13.31 billion |

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According to the recent Technavio market study, Connected Home Security Systems Market participation is expected to increase in $13.31 billion from 2020 to 2025, with an accelerating CAGR of 17.07%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive landscape, future market trends, market size and estimates, and major investment pockets.

Provider Information-

The connected home security systems market is fragmented and vendors are implementing organic and inorganic growth strategies to compete in the market. Key offerings from some of the providers are listed below:

  • ADT Inc.- The company offers a wide range of home security systems including digital security panels, entry contacts, wireless key fob, motion detectors and many more.
  • Alarm.com Holdings Inc. – The company offers a smarter home security system and video monitoring that can be customized and controlled from anywhere.
  • alphabet inc.- The company offers several products, including the Nest Mini, Nest Hub, Nest Audio, and many more, under the Google brand.

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Regional Market Outlook

The growth of the connected home security system market share in North America will be significant during the forecast period. United States and Canada are the key markets in the region. Market growth in North America will be faster than market growth in South America and MEA. The need for power management solutions, the availability of low-cost devices and DIY wireless installations will drive the growth of the connected home security systems market in North America during the forecast period.

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participation of most of the aforementioned countries.

Latest drivers and trends in the market-

  • Connected Home Security System Market Driver:
    • Cost savings due to effective monitoring technology:

Smart homes typically incorporate different automatic systems, including motion and window sensors, thermostats, lighting controls, and door lock controls that receive and act on remote control signals. Insurance providers offer home insurance discounts to people who have a monitored security system installed. These discounts are enough to cover the costs of monitoring and installing 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 growing amount of data, including video, is responsible for the growing need for remote access and storage. The home-based cloud technology market has witnessed an increase of close to 50% growth each year.

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Scope of the connected home security system market

Report Coverage

Details

Page number

120

base year

2020

forecast period

2021-2025

Growth momentum and CAGR

Accelerates to a CAGR of 17.07%

Market growth 2021-2025

$13.31 billion

market structure

Fragmented

YoY growth (%)

16.20

regional analysis

North America, Europe, APAC, South America and MEA

Contribution to the real market

North America at 33%

Main consumer countries

United States, Germany, China, United Kingdom and Canada

competitive landscape

Leading Companies, Competitive Strategies, Scope of Consumer Engagement

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.

market dynamics

Major Market Analysis, Market Growth Drivers and Obstacles, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Customization Scope

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Table of Contents

Executive Summary

market landscape

  • market ecosystem
  • Analysis of the value chain

Size of the market

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • The bargaining power of buyers
  • The power of provider’s negociation
  • Threat of new entrants
  • Threat of substitutes
  • rivalry threat
  • market condition

Market segmentation by product

  • Market segments
  • Product Comparison
  • 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 for service

Customer Landscape

Geographic Landscape

  • Geographical 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 indicators
  • market challenges
  • market trends

Provider Landscape

  • Provider Landscape
  • landscape disruption

Supplier analysis

  • Covered Providers
  • Positioning in the market of suppliers.
  • adt inc.
  • Alarm.com Holdings Inc.
  • alphabet inc
  • at yt inc.
  • Comcast Corporation.
  • 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 world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialized analysts, Technavio’s library of reports Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on comprehensive coverage, in-depth research and Technavio’s actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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