This market research report includes a detailed segmentation of the global connected home security system market by geography and includes key regions like the US, APAC, and WE. The leading vendors analyzed in this market study are ADT, AT&T, Comcast, Honeywell Total Connect, and Verizon.
Technavio’s market research analysts estimate the global connected home security system market, to generate revenues of $19 billion by 2020. Connected home security solutions include night-vision 3D video cameras, electronic locks, motion sensors, burglar alarms, and monitoring devices. Growing demand for enhanced security and safety with effective monitoring technology in homes is boosting the growth of connected home security market. The US is the largest market for connected home security systems, accounting for 59% of the overall market share. The major reason for this region’s growth is the widespread adoption of cloud-based technologies for the effective monitoring of home security systems
The new market research report from Technavio provides a breakdown and analysis of the connected home security system segments by technology.
“The high growth prospects of the home cloud market will help to impel the demand for connected home security systems during the forecast period. Home cloud solutions provide ubiquitous and collaborative benefits. With the increasing adoption of smart home systems worldwide, the home cloud technology market has been witnessing an upsurge in its market value. This increase in the demand for home cloud technology will, in turn, impel the market potential for the connected home security system market during the estimated period,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research
Integration of pocket drones with personal security features is another trend gaining traction I the market. Pocket-sized drones can capture vital identification information of an assailant. It has built-in biometric scanning system to prevent an assailant from operating or stealing the device. Pocket drones have a fast recharge system and can be controlled using radio controllers or through Android phones, with a USB port.
The leading player in the global connected home security system market are ADT, AT&T, Comcast, Honeywell Total Connect, and Verizon. This market is extremely competitive due to the high concentration of vendors that account for a major portion of the total market share. Since this market has immense growth potential, many start-ups have been established to leverage the DIY trend among key customer segments. In this market, the big companies compete with smaller vendors on the basis of product offerings and price.
A more detailed analysis is available in the Technavio report, Global Connected Home Security System Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Connected Home Appliance Market in the US 2015-2019
- Smart Home M2M Market in Western Europe 2015-2019
- Interactive Residential Security Market in the US 2015-2019
- Global Home Security System Market 2015-2019
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