The Connected Home Security System Market is projected to grow upto 2025 at a CAGR of 17.5%
Reports Monitor added New Report on Connected Home Security System Market. Connected Home Security System is both the security hardware in place on a property as well as personal security practices. Security hardware includes doors, locks, alarm systems, lighting, motion detectors, security camera systems, etc. that are installed on a property; personal security involves practices such as ensuring doors are locked, alarms activated, windows closed, extra keys not hidden outside, etc.
According to an FBI report, 58.3 percent of burglaries in the United States involved forcible entry. A typical burglary lasts for about 8 to 12 minutes and, on average, a burglar will break into a home within 60 seconds. Most thefts target cash first followed by jewels, drugs, and electronics. Common security methods include never hiding extra keys outside, never turning off all the lights, applying small CCTV stickers on doors, and keeping good tabs with neighbours.
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Connected home security system is a set of integrated systems connects to your home Wi-Fi network so you can monitor and control your security devices using your smartphone and an app. Entry-level systems typically include a couple of door and window sensors, a motion detector, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi, Z-Wave, ZigBee, or a proprietary mesh network. You can add extra door, motion, and window sensors to provide coverage for your entire house and build a comprehensive system that includes door locks, garage door openers, indoor and outdoor surveillance cameras, lights, sirens, smoke/CO detectors, water sensors, and more. The key part of connected home security system is smart Hub or smart control panel. The hub connects to your router via a wired ethernet connection and infiltrates your airwaves with a signal that the smart home devices respond to. Therefore, our data covers the entire system. Our data does not cover separate components.
Connected home security system is a small smart system. In the past few years, the industry has shown great market potential. Honeywell, ADT, Samsung, Panasonic and Vivint are the main players in the market. Honeywell is a global leader. In 2016, Honeywell holds 23% of the sales market share. At present, connected home security system is the main channel of sales channels. For sales of products, manufacturers must let customers know that they are the market leader. As a manufacturer, the company must attach equal importance to direct sales and distribution. We believe that product quality and service attitude is always the most important points. In this same time, we believe that attention to these pathways is also very important.
The Connected Home Security System market was valued at 70 Million US$ in 2017 and is projected to reach 250 Million US$ by 2025, at a CAGR of 17.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Connected Home Security System.
The research covers the current market size of the Global Connected Home Security System Market. The Connected Home Security System market can be split based on Major Players, product types and major applications.
Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including such as Honeywell, ADT, Securitas, Panasonic, Samsung, Vivint, LifeShield, Scout Alarm.
Connected Home Security System Market On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Monitor System, Alarm System.
Connected Home Security System market On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including Villa, Apartment, Other.
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The Connected Home Security System Market Report Research Done By Primary And Secondary Research And Market Engineering:
Secondary data consists of data that has already been produced, compiled, gathered, organized and published by others. It is collected from a number of publicly available as well as paid databases includes for Connected Home Security System Market reports and studies by government agencies, trade associations or others. Additionally, it includes documents, letters diaries, autobiographies, referencing other forms of research and using quotes.
Our primary research for this Connected Home Security System Market report is new research, derivated from a number of sources including questionnaires, surveys or interviews with individuals or small groups. Gathering value-driven data by engaging with several stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is conducted to validate both the data points obtained from secondary research and to fill in the data gaps after secondary research.
After assembling the data by the above methods, the next phase is analyzing the data with respect to Connected Home Security System Market analytics. Our analysts visualize every aspect of the market to forecast a result such as microeconomics and macroeconomics along with bottom-up and top-down approaches. The data is validated to give valuable qualitative and quantitative insights.
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The report answers several questions about the Connected Home Security System market includes:
What will be the market size of Connected Home Security System market in 2025?
What will be the Connected Home Security System growth rate in 2025?
Which key factors drive the Connected Home Security System market?
Who are the key market players for Connected Home Security System?
Which strategies are used by top players in the Connected Home Security System market?
What are the key market trends in Connected Home Security System?
Which trends and challenges will influence the growth of Connected Home Security System market?
Which barriers do the Connected Home Security System markets face?
What are the market opportunities for vendors and what are the threats faced by them?
What are the most important outcomes of the five forces analysis of the Connected Home Security System market?
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